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Consumer inflation in the UK slowed to 2.4% in September from 2.7% in August, ONS reported. Economists had expected inflation at 2.6%. Compared to the previous month, consumer prices increased by 0.1% after rising 0.7% in August. The forecast of experts assumed a rise in prices by 0.2%. The Bank of England raised the base rate in August to ease inflation, which exceeds its target level of 2%. Compared with August, food and non-alcoholic beverages are cheaper by 0.2%. The cost of transport services decreased by 1.8%. Rising prices for clothes and shoes amounted to 3.1%, for educational services – 1%. Without energy, food, alcohol and tobacco, prices rose by 1.9%.
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 ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
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 ...
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