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For the first time in 2 years, inflation in Great Britain in December approached the target value of the Bank of England (2%). Prices for consumer goods rose by 2.1% in December against 2.3% in November, which corresponds to the lowest level since the beginning of 2017. Compared to November, prices for consumer goods increased by 0.2%, as in the previous month. In August, the Central Bank of the United Kingdom raised the base rate, so the decline in inflation was in line with market expectations. The CPI Core index, which does not include the price of food and non-alcoholic beverages, on the contrary, rose to 1.9% from 1.8% in November. Food prices rose in December by 0.9%, prices for clothing and footwear decreased by 1%. Transport services and real estate grew by 0.8% and 1.1%, respectively.
The second quarter likely saw South Korea’s economy hitting its sharpest downturn in over two decades, a Reuters survey showed on Tuesday. This was mainly from the pandemic dragging the labor market, consumer spending, and global export ...
The Bank of Thailand chief on Monday said that it could take several years for the country’s foreign tourism industry to recover as the economy continues to take a beating from the COVID-19 pandemic. The central bank expects foreign ...
American multinational automaker Ford Motor Co. (F.N) announced on Thursday that its vehicle sales increased by 3% from April to June in mainland China. It would be the first time that the company's first quarterly sales rose in the world's ...
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 ...
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