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The British Office for National Statistics recorded an increase in consumer prices in the UK by 1.9% in annual terms in March, just as a month earlier. According to experts, it was expected that March inflation would reach the target level of the Bank of England at 2%. Growth in consumer prices relative to the previous month was at the level of 0.2%, which coincided with economists' forecasts. Annual inflation, not taking into account the cost of energy, food, alcohol and tobacco, was 1.8%, also maintaining the level of February. For the month, prices for food and non-alcoholic beverages increased by 0.1%. Alcohol and tobacco products fell by 0.3%, transportation services - by 0.1%. Restaurants and hotels increased prices by 0.4%. Communication services went up by 0.2%, health care - by 0.3%. Statistics on the dynamics of retail prices in the country showed their annual growth in March by 2.4% and their stability relative to February.
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 ...
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 ...
The longest expansion in U.S. history ended in February with the economy falling into a deep recession as the coronavirus pandemic triggered the shutdown of businesses across the country. The National Bureau of Economic Research (NBER), the ...
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