In November, consumer prices in Canada rose by 1.7% year-on-year, official data showed. Compared to a price increase of 2.4% in October, November inflation slowed down, marking the lowest value since January of this year. Inflation, which does not take into account the cost of gasoline, was 1.9% in November. Annual growth was observed in many sectors of the economy, but housing prices rose the most, prices for which increased by 2.4%. The cost of mortgage loans rose by 7.2%, the fastest rate since October 2008. Prices for cars increased by 0.8%. At the same time, electricity fell by 1.3%, gasoline - by 5.4%. Durable goods decreased in price by 0.1%.
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 ...
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 ...
Germany is anticipating an inflation rate drop as the national preliminary inflation data is set to be released 1200 GMT. This reading surfaced after regional inflation figures showed inflation plunging in the month of May. Some German states ...
Australian inflation surged to its most rapid pace in over five years, hitting a 5-1/2 year-high record, according to figures released on Wednesday. However, economic recovery seems fleeting as virus disruptions continue to press and energy ...