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In October, consumer prices in the euro zone rose by 2.2% compared to October last year. Compared with September, when inflation was 2.1%, in October its acceleration was observed, Eurostat reported. October price growth rates coincided with market expectations. Rising consumer prices that do not take into account energy, food and alcohol in the region amounted to 1.1% compared to the same month a year earlier, meeting the expectations of experts. Food, alcohol and tobacco products went up in October by 2.2%, energy carriers – by 10.6%. The cost of services increased by 1.5%. According to the estimates of the European Central Bank, inflation in the eurozone in 2018 is expected to be at the level of 1.7%.
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 ...
According to a reliable source, the United Airlines Holdings Inc. (UAL.O) revealed plans on Tuesday to slash its workforce by 30% or roughly 3,400 managerial and administrative jobs in October to survive a collapse in travel demand amid the ...
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