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In September, producer prices in the United States increased by 0.2% compared with August, when the figure unexpectedly fell by 0.1%, the country's Department of Commerce reported. The rise in prices in August coincided with the forecasts of economists. In annual terms, producer prices rose by 2.6% with an expected rise of 2.8%. Excluding the cost of services in the areas of food, energy and trade, prices rose in September by 0.4%, the fastest pace since January. Compared with September last year, an increase is 2.9%. Services compared with the previous month went up by 0.3%. Prices for transportation and warehousing services increased by 1.8%. Energy decreased in price by 0.8%. Food prices dropped 0.6%.
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 ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
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 ...
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