Tag Archives: inflation

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.

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 …

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, …

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%.

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 …

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%.

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 …

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 …

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 …

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 …