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In March, annual inflation in the eurozone was 1.4%, slowing down from 1.5% in February, Eurostat data showed, confirming economists' forecasts. Consumer price growth compared with the previous month was at 1%. The annual inflation rate, which does not take into account the prices of energy, food and alcohol, was 0.8%, which also coincided with the estimates of economists. Food, alcohol and tobacco products rose in price by 1.8% in annual terms. In March, there was also an increase in the cost of energy by 5.3% and services by 1.1%. EU countries recorded the same inflation rate in March as in February – 1.6%. Compared to February, consumer price growth was 0.8%. Portugal showed the lowest annual inflation rate – 0.8%, as well as Greece – 1%. The highest inflation growth was observed in Romania – by 4.2%, and in Hungary – by 3.8%.
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 ...
India’s gross domestic product data due today is expected to reveal weak results, indicating that the economy is at its slowest pacing in at least two years in March. Dampened expectations were mainly from struggling consumer demand ...
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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