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Consumer prices in the UK increased in March by 0.1% compared to February and by 2.5% compared to March of last year, the statistics showed. Analysts had predicted growth of the first indicator by 0.3%, the second - by 2.7%. It is noted that the annual inflation in the UK remains above the Bank of England's target level of 2% 14 months in a row. Without taking into account the prices of food, alcohol, tobacco and energy, prices rose by 2.3% against growth of 2.4% a month earlier. Food and non-alcoholic beverages increased by 0.4% in monthly terms, clothes and footwear - by 0.7%. The prices for alcohol and tobacco products fell by 0.5%, for transportation services - by 0.3%. The growth of retail prices in March was 3.3% in annual terms and 0.1% compared to February.
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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