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In April, annual inflation in the UK accelerated to 2.1% from the March value of 1.9%. As reported by ONS, the indicator exceeded the Bank of England's target value of 2% for the first time since the beginning of the year, which was caused by rising energy and fuel prices for cars. According to experts, inflation was expected at 2.2%. Compared to March, consumer price growth was recorded at 0.6%, while economists had predicted an increase of 0.7%. Prices that do not take into account the cost of energy, food, alcohol and tobacco in April decreased by 0.3% compared to March and rose by 0.7% against the same period last year. For the month, food and non-alcoholic beverages decreased in price by 0.3%, the decline in prices for alcohol and tobacco was at the level of 0.4%. The cost of electricity has increased over the year by 10.2%, accelerating the pace relative to the March rise by 1.4%.
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 ...
Mexico’s economy is likely to have shrunk by 17% in April, finance minister Arturo Herrera told local broadcaster W Radio on Thursday. However, he reassured that the economy could shrink “a little less” in May as lockdown ...
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