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In February, UK inflation accelerated to 1.9% from 1.8% in January, the Office for National Statistics reported. Experts predicted that consumer prices in February would maintain an annual growth of 1.8%. In monthly terms, consumer prices increased by 0.5%, while a month earlier their decline was recorded at 0.8%. Economists had expected a 0.5% increase. The inflation rate, which does not take into account the price of energy, food, alcohol and tobacco, rose by 1.8%, slowing compared with the growth by 1.9% in January. The headquarters also reported a 2.5% increase in retail prices in the previous month compared to the same period a year earlier and a 0.7% increase compared with January. Housing prices rose by 1.7% year-on-year, showing the lowest rates since 2013.
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 ...
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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