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Distatis released final data on inflation in Germany in February. Compared to February of last year, prices according to EU standards showed an increase of 1.7%. Inflation in February was at its lowest level since April 2018, which was observed for the past three months. Regarding January, there was a price increase of 0.5%. Both indicators confirmed the forecasts of experts. According to national standards, consumer price growth in annual terms was at the level of 1.5%, with experts forecast of 1.6%. Compared to January, prices increased by 0.4%, which is 0.1 percentage points less than experts had expected. Energy prices went up in annual terms by 2.9%. Excluding them, inflation was 1.4%. A 1.4% rise in prices was also noted in the categories of food and services.
On Monday, Deutsche Bundesbank’s President Jens Weidmann said in a newspaper interview that Germany would toughen its auditing and accounting regulations to prevent another scam like the Wirecard scandal. Wirecard AG (WDI), a financial ...
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 ...
Germany’s contribution to the European Union’s budget would rise by 42% or 13 billion Euros ($14.63 billion) annually in the coming years, the German national daily newspaper Die Welt reported on Monday. Government calculations ...
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 ...
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