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In the UK in August, the maximum increase in consumer prices in annual terms since February was recorded. According to the Office for National Statistics, prices in the previous months increased by 2.7% compared to the same month last year. Thus, annual inflation accelerated relative to a 2.5% rise in prices in July, keeping the level above the target of 2% of the Bank of England since January 2017. Analysts had expected inflation at 2.4%. Compared to the previous month, consumer prices rose by 0.7%, with an expected rise of 0.5%. Transport services grew in annual terms by 6.1%, food products - by 2.5%, tobacco products and alcohol - by 4.1%, clothing and footwear - by 0.3%. Excluding the price of energy, food, alcohol and tobacco, prices increased 2.1% after rising by 1.9% in July.
Intel Corp. (INTC.O) announced on Monday that Chief Engineering Officer Murthy Renduchintala would leave the company on August 3. The semiconductor manufacturing company said that it would reorganize its technology, systems architecture, and ...
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 ...
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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