Inflation in the Eurozone fell to its lowest level in more than four years, falling further in the negative zone than expected in September and raising fears of a price deflation spiral due to the Covid-19 pandemic. The European statistics office Eurostat said in preliminary estimates that consumer prices in …
Read More »Germany: Annual HICP Drops to -0.4% in September
Inflation in Germany, as measured by the Consumer Price Index (CPI), was -0.2% (preliminary) in September, the data published by Destatis showed on Tuesday. This reading followed August’s print of -0.1% and came in lower than the market expectation of -0.1%. On a yearly basis, the CPI declined to -0.2% …
Read More »Eurozone Consumer Prices Drop in August
The European Union Statistics Office confirmed that consumer prices in Eurozone fell in August, driven by lower energy prices, but core inflation excluding those volatile elements also slowed sharply. The office said that inflation in the 19-nation Eurozone fell 0.4% month over month in August and fell to -0.2% year …
Read More »Eurozone Inflation Turns Negative in August
The inflation rate in the euro area turned negatively last month for the first time since May 2016, increasing the chances of the European Central Bank pumping more stimulus for higher prices that had not reached the target set for more than seven years. The annual inflation rate in 19 …
Read More »Kaplan: Inflation Could Reach 2.25% or 2.5%
The President of the Federal Reserve Bank of Dallas, Robert Kaplan, said on Thursday that a moderate inflation overshoot means reaching a rate of 2.25-2.5%. Kaplan called for focusing on the future instead of the past, and noted that the Fed is expecting a hotter labor market. In addition, Kaplan …
Read More »UK Inflation Jumped in June
Britain’s inflation rate unexpectedly jumped last month, to its highest level since March, as clothing stores refrained from the usual summer cuts after reopening their doors following general isolation measures due to the Coronavirus, but most economists expect it to return soon. The Office for National Statistics said the annual …
Read More »UK Inflation Rises Unexpectedly in June
Official data released today in the United Kingdom showed that British inflation rose unexpectedly in the previous month as the Office for National Statistics said that consumer price inflation rose to 0.6% in June from 0.5% in May. A Reuters poll had expected the rate to drop to 0.4%. Core …
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