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Annual price inflation in Canada amounted to 2.4% in May, accelerating against the April value of 2%, official statistics showed. According to economists, the figure was expected at 2.1%. The main contribution to the acceleration of inflation was made by the increased prices of food and durable goods. Over the month, consumer prices rose 0.4%, repeating the April pace. The forecast of economists suggested an increase of 0.1%. In annual terms, growth showed all 8 major categories. Food prices rose by 3.5%. The cost of transport services jumped by 3.1%. At the same time, core inflation in the country reached a maximum level since February 2012, amounting to 2.07%. According to estimates of the Canadian Central Bank, inflation this year will be at the level of 1.9%.
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...
The Bank of Thailand chief on Monday said that it could take several years for the country’s foreign tourism industry to recover as the economy continues to take a beating from the COVID-19 pandemic. The central bank expects foreign ...
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 ...
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