Price rises still soaring above wages in August September 17, 2013 INFLATION continued to stay well above target as the summer came to a close, with retail prices still steaming well ahead of feeble increases to salaries this August. Last month, consumer price index (CPI) inflation was up by 2.7 per cent on August 2012, according to figures released by the Office for National Statistics (ONS) [...]
Stable inflation fuels taper talk in the States September 17, 2013 INFLATION readings in the US barely rose in August, but gains in rents and medical care costs pointed to a stabilisation in underlying inflation that could allow the Federal Reserve to start trimming its bond purchases. The Labor Department said yesterday its consumer price index (CPI) edged up 0.1 per cent last month after rising [...]
US inflation pressures ease in August with Fed unlikely to postpone tapering September 17, 2013 The US consumer price index (CPI) has climbed just 0.1 per cent month-on-month following predictions to stay flat at 0.2 per cent. The year-on-year figure for August is 1.5 per cent, down from 1.6 per cent inflation in the year to July. A breakdown of components, month-on-month: Food: 0.1 per cent Housing: 0.1 per cent [...]
Softer UK inflation data in August September 17, 2013 The consumer price index for the month of August year-on-year has softened to 2.7 per cent from 2.8 per cent, in line with expectations. The monthly figure for August has fallen to 0.4 percent following expectations of an increase to 0.5 per cent. Inflation was unchanged in July. July 2012 to July 2013, CPI met [...]
Eurozone Consumer Price Index meets expectations September 16, 2013 The Eurozone Consumer Price Index has come in in line with expectations of a 0.1 per cent increase for August. July's figure was down -0.5 per cent. Year-on-year, the rate of change for the index has decreased 0.3 per cent, with July to July up 1.6 per cent and August to August up 1.3 per [...]
London Report: Drop in inflation unlikely to help consumers long September 15, 2013 CONSUMERS are likely to receive a small piece of good news this week, with the inflation rate edging down for August. But the upbeat data is likely to come before more rising prices, as analysts predict consumer price inflation will reach three per cent soon. The inflation news, out tomorrow, is part of a slew [...]
The Eurozone is seeing a no-inflation recovery August 30, 2013 Berenberg's Christian Schulz says that the Eurozone is now witnessing a "no-inflation recovery" on the back of strong confidence numbers released this morning. The Eurozone unemployment rate stayed at 12.1% in July. The stable headline rate conceals a second successive monthly fall in the number of unemployed. Whether that fall can last into the autumn [...]
German retail sales continue their decline August 30, 2013 German retail sales have dropped again, down 1.4 per cent in July after a 0.8 per cent contraction last month (revised up from -1.5 per cent). Economists had predicted an end to the decline and 0.5 per cent growth this month. Total retail sales growth in the year to July now stands at 2.3 per [...]
India may be forced to tighten monetary policy as it faces financial crisis August 21, 2013 As emerging markets including India tank with the rupee hitting record lows against the pound and the dollar, Shweta Singh of Lombard Street Research suggests that expectations of quantitative easing withdrawal are now "baked in". It now looks as if Raghuram Rajan will have a tough start at India's central bank (a stark contrast to [...]
Fruit, veg and tobacco holds Eurozone inflation steady August 16, 2013 The annual rate of inflation in the Eurozone remained steady in July at 1.6 per cent, as analysts had expected. The largest upward pressures came from fruit (up 0.12 percentage points), vegetables (up 0.09 percentage points) and tobacco (up 0.08 percentage points), while the largest downward pressures came from telecommunications (down 0.18), medical and paramedical [...]