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According to a preliminary estimate of Eurostat, the annual consumer price growth in the eurozone accelerated in April to 1.7% from 1.4% in March. At the same time, economists predicted annual inflation at 1.6% last month. The inflation rate, which does not take into account the cost of energy carriers, food and alcoholic beverages, also accelerated the rise to 1.2% from 0.8% a month earlier, reaching the maximum value since October last year. Analysts had expected a figure of 1.1%. The European Statistical Office believes that the April inflation increase may be temporary, since this year Easter was celebrated in the eurozone countries in April, and last year it was in March. The prices of food, alcoholic and tobacco products increased by 1.5% in annual terms last month. Services went up by 1.9%, energy carriers - by 5.4%.
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 ...
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 ...
German imports and exports took a huge hit in April, revealing a record plunge since 1990 after the COVID-19 pandemic severely disrupted demand and supply. The data on Tuesday added to the bleak outlook for the biggest economy in Europe. Many ...
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