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Consumer prices in the countries of the Organization for Economic Cooperation and Development rose by 2.9% in July in annual terms, after rising by 2.8% in June. The price of energy carriers increased by 11.1% against its growth of 10.4% in the previous month. At the same time, food prices increased by 1.8% in the same way as in June. Excluding food and energy prices, inflation accelerated to 2.1% from 2%. Acceleration of inflation was observed in Canada, France, Italy and Japan. In Germany, there was a slowdown in inflation from 2.1% to 2%. The growth rate of consumer prices accelerated in 19 eurozone countries from 2% to 2.1%, in the G20 - from 3.1% to 3.4%. Significant acceleration of inflation was noted in such emerging economies as Argentina - from 29.5% to 31.25, India - from 3.9% to 5.6%, and South Africa - from 4.4% to 5%.
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 ...
United Airlines Holdings Inc (UAL.O) announced on Friday that it would terminate 13 out of its 67 officers to save funds as the coronavirus pandemic continues to keep a lid on travel demand. The airline company said that it would add international ...
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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