Commenting on today’s data from the Office of National Statistics, which saw the headline rate of CPI inflation fall from 4.0% in January 2024 to 3.4% in February 2024, Dr. Roger Barker, Director of Policy at the IoD, said: “Although a sharp decline in February’s in...
All markets in the MSCI AC Asia ex Japan index ended the month in positive territory, with China, South Korea, and Taiwan among the strongest markets. Share price growth in Thailand and Singapore, however, was more modest in February. In China, official figures showed that tourism revenues ...
The Euro initially dived to $1.0780 before spiking to $1.0870 on Thursday, as inflation figures for the Eurozone failed to cool as expected. GBPUSD The Pound was propelled to $1.2750 as the Bank of England opted to keep rates unchanged, hinting for a prolonged status-quo until domestic infl...
the consumer price index. The CPI rose by a sharp 0.4% from January to February, a faster pace than is consistent with the Fed’s 2% inflation target. Compared with a year earlier, prices rose 3.2%, up from a 3.1% increase rise the previous month. ...
The labour market is improving, while challenges in hiring foreign labour are easing. The unemployment rate fell to 4.9% in 2021, the lowest since 1995. (there are, as yet, no later figures). The IMF’s October 2023 Article IV consultation said key policy challenges include the narrowing fi...
Annual inflation rate in the Euro Area increased to 2.6% in May 2024 from 2.4% in each of the previous two months, in line with the preliminary figures. Prices rebounded for energy (0.3% vs -0.6%) and rose faster for services (4.1% vs 3.7%) but slowed for food, alcohol and tobacco...
Meanwhile, the CPI including owner-occupiers' housing (CPIH) costs rose by 4.9% in the 12 months to January, up from an increase of 4.8% in December 2021. In addition, the 12-month rate of the retail price index increased to a 30-year high of 7.8% during the same month. Energy-rel...
Published on 2024-02-08 China Consumer Prices Fall for 3rd Month China's consumer prices fell by 0.3% yoy in December 2023, marking the third straight month of decline which was the longest streak of drop since October 2009. Figures came less than market forecasts of a 0.4% fall while mod...
Interest Rates Forecast 2024: When Will Interest Rates Go Down Central bank gold demand picks up in July Despite price increases, demand for gold from central banks increased in July also. According to figures from theWorld Gold Council, reported netgold purchasesby central banks increased to 37 ...