A March report on consumer price dynamics by the US Department of Labor showed that consumer price growth in monthly terms accelerated to 0.4% from 0.2% a month earlier and coincided with economists' forecasts. Annual inflation in March was at the level of 1.9%, accelerating against the February figure of 1.5% and indicating the highest value since December last year. According to economists, inflation was expected at 1.8%. The inflation rate, which excludes energy and food prices, increased by 0.1% compared with February. In annual terms, its growth was 2%. At the same time, the fall in prices for clothes by 1.9% for the month was the most significant since 1949, as warned by experts from Goldman Sachs and Societe Generale in connection with the introduction of a new methodology for collecting information based on data obtained directly from the network of department stores. In annual terms, clothing has fallen in price by 2.2%. The cost of energy increased by 3.5%, transport services - by 1.5%.
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
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 ...
Gold prices traded lower in Asia on Friday morning amid hopes for COVID-19 vaccines from the U.S. and U.K. bolstered investor appetite. Sentiment was further boosted with the European Central Bank (ECB) signaling that it may leave interest ...
Gold prices fell earlier on Tuesday in Asia as the Dollar strengthened, pulling traction away from the yellow metal. Gold futures fell by 0.85% to $1,798.65 per ounce at 1:12 AM ET (6:12 AM GMT), still remaining above the $1,800 level. Losses ...
Gold prices rose earlier on Monday in Asia, remaining above the $1,800 as the COVID-19 pandemic continues to worsen around the world. Gold futures slipped by 0.29%, trading at $1,807.15 per ounce by 12:47 AM ET (05:47 AM GMT). Investors flocked ...