In February, consumer prices in the member countries of the Organization for Economic Cooperation and Development increased in annual terms by 2.1%, maintaining the growth rate of January. Energy prices also did not change, and food prices rose by 2.3% against the growth of their value by 1.9% a month earlier. The inflation rate, which does not take into account food and energy, amounted to 2.1%, having decreased from 2.2% in January. The United Kingdom and Japan showed a steady increase in prices - by 1.8% and 2%, respectively. A weak acceleration of inflation was observed in Canada, France, Germany and Italy. At the same time, US data showed a slowdown in inflation from 1.6% to 1.5%. In the eurozone countries, inflation accelerated from 1.4% to 1.5%, while in the G20 countries, the January price growth rate remained at the level of 3.1%.
The second quarter likely saw South Korea’s economy hitting its sharpest downturn in over two decades, a Reuters survey showed on Tuesday. This was mainly from the pandemic dragging the labor market, consumer spending, and global export ...
June had seen Philippine inflation advancing faster than what was initially thought. This followed after one of the world’s longest coronavirus lockdowns was lifted. Moreover, food, fuel prices, and the transport index were seen at higher ...
New car registrations in the United Kingdom slipped by a third on an annual basis in June after several dealerships resumed operations amid loosening lockdown measures, preliminary data from an industry body. The drop is seen as relatively ...
Taiwan's exports for June has been forecasted to have dropped by 3% in contrast to a year earlier, according to a median forecast of 13 analysts polled by Reuters. The results are based on the uncertainties of the COVID-19 pandemic as it continues ...
Asian shares traded slightly higher earlier on Wednesday after China released gloomy inflation data on the same day. China’s Shanghai Composite slid by 0.68% at 10:48 PM ET (3:48 AM GMT), while the Shenzhen Component inched up by 0.9%. Hong ...