So then, why not target 0 or 1% CPI? The official explanation by Central Bank officials is that this can increase the chances of deflation in the economy. The problem being that it is difficult to enforce the negative interest rate policy. So what do they mean by this? Well, for example...
This amounts to a 16.3 point increase since 2020. Over the period, the cost of transportation and communication-related expenses in the country has continuously increased.Annual consumer price index (CPI) for transport and communication goods and services in Israel from 2023 to 2024 ...
Australia's S&P/ASX 200 closed at 7,138.90, rising by 16.40 points or 0.23 percent, while the Australian ALL ORDINARIES closed at 7,329.10, registering an increase of 16.80 points or 0.23 percent. The Australian market, returning from a 3-day holiday weekend to mark the King's Birthday, ...
"This has really shattered the illusion ... that inflation had peaked and was coming down," Ray Attrill, head of currency strategy at National Australia Bank, said in a podcast. "Hence markets have decided that next week's Fed decision is not between 50 and 75 (basis point increase), i...
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WE HAD A STRONG SIZED INCREASE IN COMEX OI ( 6137 CONTRACTS) DESPITE OUR$11.20 LOSSIN PRICE//TUESDAY. WE ALSO HAD A RATHER STRONG INITIAL STANDING IN GOLD TONNAGE FOR SEPT. AT12.656TONNES ON FIRS...
Global Covid-19 cases cross 1.7 million;4%increase in infection and 5% increase in death Onam celebration ; Covid protocol guidelines released Highest number of Covid-19 cases reported in coastal belts in Kozhikode Covid 19: 232 New Positive Cases in Kozhikode Vellayil, critical containment...
The focus is eurozone inflation.The aggregate preliminary estimate for May will be reported tomorrow. Spain's national figure on Tuesday may have set the tone. The EU harmonized measure fell by 0.2% in May. The median forecast in Bloomberg's survey was for a 0.2% increase. The year-o...
The annual average consumer price index in Morocco was forecast to continuously increase between 2024 and 2029 by in total 13.6 points (+11.22 percent).
Yet there are well-known concerns that the CPI overstates the true increase in the cost of living, causing real economic growth and the growth in real living standards to be understated (Boskin and Jorgenson, 1997, Hausman, 2003). Although most attempts to measure CPI bias have focused on ...