According to Hongkong economic daily, CICC released a report that the mainland residents were estimated to be driven by rising food prices in May.Consumer price The index (CPI) will reach 5.6%, reaching a 34 month high. In June, CPI will probably exceed 6%. The market expected that the ce...
The May CPI surged 8.6 percent from a year earlier, a larger increase compared with the 8.3-percent growth in April, marking the third straight month of inflation over 8 percent. The March figure was 8.5 percent. The May CPI was the largest 12-month increase since the period ending December...
CHRIS VERSACE: I'm not so much worried about the May CPI report in and of itself. I'm really more concerned about what we'll say is the follow through and fallout to be had. Next week brings the May PPI report, and what we learned between these two reports is really going to influ...
The consumer price index, a wide-ranging measure of goods and services prices, increased even more than the 8.3% Dow Jones estimate. Excluding volatile food and energy prices, so-called core CPI was up 6%, slightly higher than the 5.9% estimate. On a monthly basis, headline CPI was up 1%...
"The May CPI and PPI data are favorable for our view that the Fed will be reducing its policy rate later this year," Bank of America economist Stephen Juneau said in a note. "We see recent inflation data as greatly reducing the likelihood that the Fed has to raise rates and view labor...
"But a vegetable price-driven surge in the headline CPI could increase the policy trade-offs and risks delaying the first cut." RBI Governor Shaktikanta Das has maintained that the pause in rate hikes over the past two meetings should not be seen as a pivot as t...
The core-core CPI, meanwhile, excluding both energy and fresh food prices, was up 0.8 percent, the bureau said, marking the second straight month of increase. The BOJ has remained steadfastly committed to maintaining its ultra-easy monetary policy, believing that the current rise in inflation wi...
Peter Cardillo:Earnings, and of course, from a macro standpoint, next week marks the start of a new month which brings with it several key economic indicators. We will see the latest unemployment numbers followed by the Consumer Price Index (CPI) and the Producer Price Index (PPI). Then, ...
However, good news may emerge for REIT’s near-term rate cut fortunes. Core inflation in the MayCPIreport ticked higher by just 0.16% month-over-month. Experts believe that implies the Personal Consumption Expenditures (PCE) Index report due out later this month will show further evidence of ...
According to the latest data from the Australian Bureau of Statistics, the monthly Consumer Price Index (CPI) rose 7.4 percent in the twelve months to January. "The monthly CPI indicator suggests that inflation has peaked in Australia. Goods price inflation is expected to moderate over the months...