The German Interior Ministry said today, Thursday, that it will allow entry to people from outside the European Union from June 25, provided that they receive the full dose of the vaccine against the Coronavirus unless their countries are included in the list of regions where new strains of the …
Read More »UK Inflation Hits 2.1%
Inflation in Britain unexpectedly jumped, exceeding the target of the Bank of England in May, reaching 2.1%, in the context of the rise in prices after the end of the general isolation measures from Corona, which is expected to gain momentum. This acceleration of the consumer price index after recording …
Read More »Inflation Surge Unlikely to Force Fed to Change Lanes
The recent surge in consumer inflation in the United States is likely to be temporary, as recent remarks by the Federal Reserve officials indicated prior to the release of last month’s reading of the consumer price index (CPI) which rose 5% on an annual level. The inflation rate, which exceeded …
Read More »US Annual CPI Inflation Jumps to 5% in May
There were 376,000 initial claims for unemployment benefits in the US during the week ending June 5, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading came in weaker than the market expectation of 370,000 and followed the previous print of 385,000.
Read More »U.S. Inflation Likely to Register Highest Rise Since 2008
Markets are anticipating the release of the U.S. consumer price index (CPI) reading for May on Thursday, with expectations of a surge in the inflation rate. Data by the United States Bureau of Labor Statistics are likely to show that an inflation reading of 4.7% last month, with core inflation …
Read More »Eurozone Inflation Exceeds Central Bank Target in May
Eurozone inflation rose above the European Central Bank’s target in May, highlighting a challenge for policymakers who may accept higher prices for now but may face a backlash from angry consumers. Inflation in the 19 countries that deal in the euro accelerated to 2% in May from 1.6% in April, …
Read More »Germany: Annual HICP Rises to 2.4% in May
Inflation in Germany, as measured by the Consumer Price Index (CPI), edged lower to 0.5% (preliminary) on a monthly basis in May from 0.7% in March, the data published by Destatist showed on Monday. On a yearly basis, the CPI rose to 2.5% from 2%.
Read More »Eurozone Inflation Rose 0.6% in April
European Union statistics office Eurostat said inflation in the eurozone accelerated in April due to a sharp increase in energy and service costs. Eurostat said that consumer prices in 19 countries that deal in the euro rose 0.6% on a monthly basis, and recorded an annual increase of 1.6%, up …
Read More »UK Inflation Rose to 1.5% in April From 0.7% in March
Official data showed on Wednesday that consumer price inflation in Britain rose to 1.5% in April from 0.7% in March. Economists had expected, in a Reuters poll, an increase in inflation to 1.4%.
Read More »U.S. Inflation Surges to Highest Level since 2008
Consumer prices in the United States surged during April, leading to the highest rise in the inflation rate in more than 12 years, data showed on Wednesday. The Consumer Price Index (CPI) increased by 4.2% last month, according to official data by the U.S. Department of Labor. This marked the …
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