Tag Archives: CPI

Canada’s December Inflation Slows with Mid-Month Tax Break Canada’s annual inflation rate slowed in December, as data released on Tuesday revealed. This was partly due to a sales tax break introduced mid-month, which reduced the prices of alcohol, restaurant food, and children’s clothing. The annual inflation rate dropped to 1.8%, according to Statistics Canada, slightly […]

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Markets Bet on June Rate Cut  The consumer price index (CPI) climbed 0.4% last month, marking the largest increase since March, following a 0.3% rise in November, as reported by the Bureau of Labor Statistics. Annually, CPI rose 2.9% through December, the highest since July, up from November’s 2.7%.  Part of the annual CPI rise […]

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Core Inflation Drop Strengthens Case for RBA Action  In November, Australian consumer prices saw an uptick largely due to an associated rise in the cost of electricity. This edged inflation up from a three-year low, in turn bolstering the case to cut interest rates as early as next month due to the decline in in […]

Eurozone Inflation Rises to 2.4% Amid Energy and Service Costs  Inflation in the Eurozone accelerated in December, rising to 2.4% from 2.2% in November, in line with expectations, due to rising energy prices as well as services sector costs. The euro dipped 0.48% against the U.S. dollar, closing at $1.034.  (Eurozone’s Inflation Chart, Source: Eurostat)  […]

Germany’s Inflation Signals Trends for Eurozone  Germany’s yearly inflation rate rose too high in December which was observed to inflate greater than expected due to the increase in food prices and a smaller decline in energy cost than the previous month. According to the data reported by the Federal Statistics Office on Monday, the harmonized […]

CPI Data Align with Expectations  On Wednesday, the consumer price index rose 0.3% last month, same as the expectation of 0.3%, also marking the largest gain since April. The U.S dollar strengthened after CPI data came in line with forecasts, U.S dollar index rising 0.23% to close at 106.62.  (U.S Dollar Index Chart, Source: Trading […]

Deflationary Pressures Continue to Haunt China  On Monday, the National Bureau of Statistics reported that China’s consumer price index (CPI) was up only 0.2% y/y in November, compared with the 0.3% rise in October and well below the expected 0.5% increase.  (China CPI y/y and PPI y/y Chart, Source: LSEG Data Stream)  The world’s second-largest […]

Inflation Falls Short of Expectations  On Tuesday, data from the Federal Statistics Office revealed that Swiss annual inflation edged up to 0.7% in November from 0.6% in October, falling short of the forecasted 0.8%. Meanwhile, consumer prices dipped by 0.1% compared to the previous month, aligning with expectations.  (Switzerland CPI y/y, Source: Investing.com)  In 2024, […]