In January, import prices in the USA decreased by 0.5% compared to December, when they dropped by 1%, official data show. The decline had been observed for the past three months, the decrease by 3.1%. According to experts, in January less significant reduction in import prices was expected - by 0.1%. In annual terms, the January drop in import prices by 1.7% has been the most significant since 2016. The main reason for the drop in the indicator is a 3.2% drop in import prices for fuel, in addition, prices for natural gas fell by 44.2%. In annual terms, fuel prices fell by 14.4%. The fall in oil prices amounted to 14.5%, in natural gas - 20.09%. Without fuel, imported goods fell 0.2%.
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 ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
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 ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
The Dollar traded lower earlier on Thursday in European markets after new hope of an economic recovery in Europe bolstered sentiment. The Dollar index fell by 0.1% to 954.808 at 3:10 AM ET (0710 GMT), gaining only slightly from the four-month ...