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In January, in the UK, there was recorded an inflation slowdown to 1.8% from 2.1% a month earlier. The report of the Office for National Statistics notes that January inflation was the lowest in two years, being below the target level of the Bank of England at 2% for the first time in this period. Experts had predicted its decline to 1.9%. Compared to December, consumer prices fell by 0.8%, while economists had expected a decline of 0.7%. The CPI Core price index, which does not include the prices of energy, food, alcohol and tobacco, was at the level of 1.9%, confirming market forecasts. Compared with December, food and non-alcoholic beverages went up by 0.1%. At the same time, prices fell for clothes, shoes, transportation services and housing.
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 ...
For the first time since January, the services industry of China recorded its growth in May, signaling the start of economic recuperation from stagnation due to lockdown measures implemented amidst the outbreak of the coronavirus. However, ...
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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