Consumer prices in the UK rose in April by 0.4% compared to March, when growth was 0.1%. In annual terms, inflation slowed to 2.4% from 2.5%, according to the Office for National Statistics. Analysts had predicted the growth of the first indicator by 0.5%, the second one - by 2.5%. The annual inflation in April became minimal for the last 13 months, because of a decrease in the cost of air tickets, since Easter this year was in March. In monthly terms, food and non-alcoholic beverages fell 0.2%. Prices for clothing and footwear increased by 0.4%, for alcohol and tobacco products - by 0.8%, for transport services - by 1%. A record increase during the settlement period was an increase in the cost of non-alcoholic beverages by 2.8% due to the introduction of a tax on high sugar content in soda.
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Gold prices traded lower in Asia on Friday morning amid hopes for COVID-19 vaccines from the U.S. and U.K. bolstered investor appetite. Sentiment was further boosted with the European Central Bank (ECB) signaling that it may leave interest ...
Gold prices fell earlier on Tuesday in Asia as the Dollar strengthened, pulling traction away from the yellow metal. Gold futures fell by 0.85% to $1,798.65 per ounce at 1:12 AM ET (6:12 AM GMT), still remaining above the $1,800 level. Losses ...
Gold prices rose earlier on Monday in Asia, remaining above the $1,800 as the COVID-19 pandemic continues to worsen around the world. Gold futures slipped by 0.29%, trading at $1,807.15 per ounce by 12:47 AM ET (05:47 AM GMT). Investors flocked ...