The inflation rate over the last 12 months has been 5 per cent and the nominal interest rate was 10.25 per cent per annum.The value of the real interest rate would have been exactly the same if the inflation rate had been equal to zero and the nominal interest rate had been 5 per cent...
The report, released by the U.S. Bureau of Economic Analysis, shows gross domestic product over the last five years. Read More Existing Home Sales Slip 2.5 Percent in August as Prices Climb September 22, 2024The Center Square Existing home sales fell in August, while sale prices continued to...
Core inflation, which strips out food and energy prices, increased 6% over the last year. Although that was down from 6.2% in April, Michael Pearce of Capital Economics said the latest inflation data offer little sign that inflation is ebbing. Stocks plunge as inflation soars ...
The bottom chart above for just the overall PPI annual inflation rates over the last ten years shows a similar pattern: A slight increase in recent months for PPI inflation, but still below the levels in March and April of last year, below the 2008-levels, and about the same as the 2004...
In December, the central bank phased out a 2.6 trillion euro ($2.9 trillion) bond-purchase stimulus program that pumped newly printed money into the economy over almost four years, saying inflation was finally headed toward the target. But since then the bank has had to shift its stance ...
"Inflation has eased over the past year but remains elevated. In recent months, there has been a lack of further progress toward the Committee's 2 percent inflation objective," the Federal Open Market Committee (FOMC), the Fed's policy-setting body, said in a statement. ...
The PPI for metal windows flat-lined as well from March to April, but remains up 7.1% on a year-over-year basis. Prices for metal doors and frames was the first increase on the list for the door and window industry improving just 0.8% from March to April and 4.6% since last year. ...
The annual inflation rate in the US rose for a 2nd consecutive month to 2.7% in November 2024 from 2.6% in October, in line with expectations. The rise is partly influenced by low base effects from last year. Energy costs declined less (-3.2% vs -4.9% in October), mainly due to gaso...
The Fed has hiked its rate 11 times since March 2022 in its battle to curb inflation. That's made it more expensive to borrow money, with rates for credit cards, mortgages and other loans sharply rising over the last two years.
According to official data, the Turkish economy performed better than anticipated on an annual basis, with a growth of 4.5 percent in 2023, but the growth has not been enough to offset runaway inflation. Since the middle of last year, the Turkish government has reversed its ultra-low interest...