The US Department of Labor released inflation data in April. Consumer prices rose by 2% over the year, pointing to accelerated inflation relative to price increases of 1.9% in March, and noting its highest level since November 2018. According to experts, the acceleration was expected to 2.1%. Consumer prices increased by 0.3% compared to the previous month, when there was an increase of 0.4%. Experts had predicted a rise in prices of 0.4%. The indicator, which does not take into account energy and food prices, increased by 0.1% relative to March. For the year, its growth was 2.1%. Energy for the month went up by 2.9%. Gasoline prices rose by 5.7%. At the same time, food prices dropped by 0.1%, medical care - by 0.3%. Falling prices for clothes are observed in the country for the second month in a row. In April, they dropped 0.8% after falling 1.9% a month earlier. Last month, growth in real hourly wages of US citizens was recorded at 1.2% in annual terms.
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 ...
Mexico’s economy is likely to have shrunk by 17% in April, finance minister Arturo Herrera told local broadcaster W Radio on Thursday. However, he reassured that the economy could shrink “a little less” in May as lockdown ...
German imports and exports took a huge hit in April, revealing a record plunge since 1990 after the COVID-19 pandemic severely disrupted demand and supply. The data on Tuesday added to the bleak outlook for the biggest economy in Europe. Many ...