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 …
Read More »Germany: Annual HICP stays rises to 2% in March
Inflation in Germany, as measured by the Consumer Price Index (CPI), edged lower to 0.5% on a monthly basis in March from 0.7% in February. On a yearly basis, the CPI rose to 1.7% and both of those readings came in line with analysts’ estimates.
Read More »US: Annual Core CPI Edges Lower to 1.3% in February
Inflation in the US, as measured by the Consumer Price Index (CPI), arrived at 0.4% on a monthly basis in February and matched analysts’ estimate. On a yearly basis, the CPI rose to 1.7% as expected, the data published by the US Bureau of Labor Statistics showed on Wednesday.
Read More »Germany: Annual HICP Stays Unchanged February
Inflation in Germany, as measured by the Consumer Price Index (CPI), edged lower to 0.7% on a monthly basis in February, Destatis reported in its flash estimate on Monday. Moreover, the annual CPI rose to 1.3% from 1% and came in higher than analysts’ estimate of 1.2%. Further details of …
Read More »Fed’s Bullard Rules Out Return of 1970s Inflation Surge
President of the Federal Reserve Bank of St. Louis, James Bullard, said on Thursday that the Fed policies are not expected to lead to a surge in inflation similar to what the United States saw in the 1970s, MarketWatch reported. “That’s completely different from the inflation-targeting era that began in …
Read More »US: Annual Core CPI Edges lower to 1.4% in January
Inflation in the US, as measured by the Consumer Price Index (CPI), declined to 0.3% on a monthly basis in January, the data published by the US Bureau of Labor Statistics showed on Wednesday. On a yearly basis, the CPI stayed unchanged at 1.4%. the Core CPI, which excludes food …
Read More »Eurozone Inflation Rises to 0.9% in January
Inflation in the Eurozone rose well above expectations last month, driven by rising energy costs and a tax increase in Germany, to pose a potential challenge to the European Central Bank. Inflation has been below the European Central’s target of nearly 2% for most of the past 10 years. The …
Read More »Germany: Annual HICP Jumps to 1.6% in January
Inflation in Germany, measured by the Consumer Price Index (CPI), came at 0.8% in January, according to the flash estimate of Destatison Thursday. Moreover, the annual CPI rose to 1% from -0.3% in December.
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