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In February, eurozone inflation accelerated to 1.5% from 1.4% in the previous month, Eurostat reported. Inflation in February confirmed the forecasts of experts. The inflation rate, which does not take into account the price of energy, food and alcohol, was 1% versus 1.1% in the previous month. Prices for food, alcohol and tobacco products increased by 2.4% compared to February 2018. Energy prices rose by 3.5%. The cost of services rose by 1.3%. The slowdown in consumer price growth in annual terms will be taken into account at the upcoming meeting of the European Bank, when the question of the advisability of new monetary incentives to support economic growth in the eurozone will be considered.
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 ...
The longest expansion in U.S. history ended in February with the economy falling into a deep recession as the coronavirus pandemic triggered the shutdown of businesses across the country. The National Bureau of Economic Research (NBER), the ...
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 ...
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