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 …
Read More »U.S. Consumers Expect Rise in Inflation Over the Coming Year
Consumers in the United States expect a rise in inflation, amid the recovery from the coronavirus pandemic, resulting from higher housing prices, as shown by the results of a survey by the Federal Reserve Bank of New York on Monday. The April survey showed a median annual expectation for the …
Read More »Eurozone Recovery Accelerates in April as Services Return to Growth
A survey revealed that the eurozone’s recovery from the pandemic-induced economic downturn was much stronger than expected in April as the bloc’s dominant service sector ignored renewed lockdowns and saw a sudden return to growth. As the continent faces a new wave of infections with the Coronavirus, governments have re-imposed …
Read More »UK Inflation Rose to 0.7% in March From 0.4% in February
Official figures showed that British consumer price inflation increased to 0.7% in March from 0.4% in February, due to the rise in fuel and clothing prices, slightly below the average forecast of 0.8% in a Reuters poll of economists. Food prices are down from a year ago. British inflation is …
Read More »Services And Energy Led Eurozone Inflation Higher in March
Data from the European Union statistics office Eurostat revealed today, Friday, that eurozone inflation accelerated, according to preliminary estimates in March, mainly driven by rising costs of services and energy. Eurostat confirmed its earlier estimates that consumer prices in the eurozone, which includes 19 countries, rose 0.9% on a monthly …
Read More »US Annual Core Inflation Rises to 1.6% in March
Inflation in the US, as measured by the Consumer Price Index (CPI), rose to 0.6% on a monthly basis in March from 0.4% in February. to be updated…
Read More »The Pandemic Pushes Germany’s Deficit to Its Highest Level in 30 Years
The German Statistics Office said that the country’s public sector deficit amounted to 189.2 billion euros in 2020 due to the Coronavirus pandemic, the first deficit since 2013 and the highest in the budget since the reunification of Germany thirty years ago. The pandemic, which killed more than 77,000 in …
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