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Eurostat released preliminary data on core inflation in the Eurozone in March, according to which consumer prices increased 1.4% in annual terms. Compared to the February price increase of 1.5%, inflation slowed down last month, although analysts did not expect changes in its value. Only the rise in energy prices showed acceleration in March - up to 5.3% from 3.6% a month earlier. The inflation rate, which does not take into account the cost of energy and food, was 1%, also slowing down from the February value of 1.2%. Sabine Lautenschlager, a member of the board of the European Central Bank, said that the Central Bank now expects that it will take more time to reach the target inflation rate of close to 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 ...
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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