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Statistical Office Eurostat reported a 2% rise in consumer prices in the euro area in November compared to the same month in 2017, which confirmed analysts' expectations. Regarding the October increase of 2.2%, inflation slowed in November. Inflation, which does not take into account the cost of energy, food and alcohol, was 1%, while experts had expected it at the level of 1.1%. Energy prices showed the most significant growth in November, having increased over the year by 9.1%. Food, alcohol and tobacco products increased in price by 2%, services - by 1.3%.
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 ...
Australian inflation surged to its most rapid pace in over five years, hitting a 5-1/2 year-high record, according to figures released on Wednesday. However, economic recovery seems fleeting as virus disruptions continue to press and energy ...
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