In Germany, producer prices in January rose by 2.6% compared with the same period a year earlier, the Federal Statistical Office reported. Compared with the December price increase of 2.7%, inflation slowed in February. The forecast of experts assumed that inflation in the first month of the year would be at the level of 2.2%. Producer prices in January grew at the slowest pace since July 2018. Rising energy prices amounted to 7.2%, prices for durable goods and capital goods showed an increase of 1.6%. The indicator, which does not take into account the price of energy carriers, grew by 1.2%. In monthly terms, producer price growth was 0.6%.
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
On Monday, Deutsche Bundesbank’s President Jens Weidmann said in a newspaper interview that Germany would toughen its auditing and accounting regulations to prevent another scam like the Wirecard scandal. Wirecard AG (WDI), a financial ...
The euro reached its highest level since early March after the European Union agreed on a deal for a massive stimulus package to support the bloc’s economy from the coronavirus pandemic. The deal was finalized after a round of compromises ...
The euro steadied at four-month highs on the dollar after investors pinned hopes on the EU economic rescue fund as European leaders are expected to break a deadlock and agree on a deal. EU leaders had differing stands on the proposed 750 billion ...
The euro hit a four-month peak against the dollar on Wednesday on hopes that the European Union would implement economic stimulus and deeper fiscal integration to support the economy amid the pandemic. The euro rose to $1.1423, its highest ...