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Annual inflation in Canada slowed down in January to 1.4% from 2% in December, official statistics showed. Economists had expected a less significant slowdown - up to 1.5%. A significant backlog of inflation from the Bank of Canada's target of 2% suggests that the regulator will not rush to raise interest rates in the near future. The largest decline in January was shown by electricity prices, which fell by 6.9% in annual terms. Such a significant drop was caused by a 14.2% decrease in the cost of gasoline. Services rose in price by 2.7% after a fall in their value by 3.5% in December. Compared to December, consumer prices in Canada increased by 0.1% in January, while economists had expected the growth at the level of 0.2%.
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 ...
For the first time since January, the services industry of China recorded its growth in May, signaling the start of economic recuperation from stagnation due to lockdown measures implemented amidst the outbreak of the coronavirus. However, ...
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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