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The Bank of England left the benchmark bank rate steady at 4.75% during its December 2024 meeting, in line with market expectations, as CPI inflation, wage growth and some indicators of inflation expectations had risen, adding to the risk of inflation persistence. However, three policymakers...
Euro zone inflation fell to its lowest level in three years this month, adding to the case for another European Central Bank interest rate cut in September, even if price growth is likely to rebound towards the end of the year. Inflation in the 20 countries sharing the euro slowed to 2.2% from...
A gauge of Australian monthly inflation cooled in July, suggesting price pressures began to ease in the current quarter and bolstering the case for interest rates to remain unchanged. The consumer price indicator climbed 3.5% from a year earlier, just above economists’ estimate of 3.4%,...
Swiss inflation held steady in July, pointing to further easing by the country’s central bank. Consumer prices rose 1.3% from a year ago, the statistics office said Friday. That’s in line with economists’ estimates and below the SNB’s forecast of 1.5% for the third...
Headline inflation in the euro zone unexpectedly rose to 2.6% in July, the European Union’s statistics agency said Wednesday. In June, inflation had come in at 2.5%, easing slightly from the 2.6% of May. Economists polled by Reuters had been expecting the headline figure for July to be unchanged...
Australia’s core inflation unexpectedly decelerated last quarter, supporting the Reserve Bank’s view that prices will gradually ease and prompting traders to boost bets on an interest-rate cut. The currency and bond yields dropped. The closely-watched trimmed mean core measure, which smooths out...
UK inflation held steady at 2 per cent in June, in line with the Bank of England’s target as hopes of an interest rate cut next month continue to grow. The consumer price index (CPI) was unchanged, figures from the Office for National Statistics (ONS) showed. The figure was in line with...
Australia recorded faster-than-expected inflation in May, suggesting price pressures remain stubbornly strong and bolstering the case for the Reserve Bank to resume raising interest rates. The monthly consumer price indicator climbed 4% from a year earlier, exceeding economists’ estimate of 3.8%,...
Euro-area inflation accelerated more than anticipated further clouding the outlook for European Central Bank interest rates after next week’s planned cut. Consumer prices rose 2.6% from a year ago in May, up from 2.4% in April, Eurostat said Friday. That’s more than the 2.5% median...
Germany's annual inflation rate increased to 2.4% in May from 2.2% in April, provisional data from the Federal Statistical Office showed Wednesday. The latest reading is consistent with the consensus estimate. On a monthly basis, consumer prices were up 0.1%, against the expected 0.2%...
Swiss inflation jumped more than economists anticipated to a four-month high, giving officials grounds for caution as they determine whether to cut interest rates again. Consumer prices rose 1.4% in April from a year earlier, the statistics office said on Thursday. That’s up from 1% in March and...
Australia’s inflation came in faster than expected in the first three months of 2024, suggesting price pressures are proving sticky and reinforcing the case for the Reserve Bank to hold interest rates at a 12-year high next month. The consumer price index advanced 3.6% from a year earlier, coming...
Inflation in the 20-nation euro zone eased to 2.4% in March, according to flash figures published on Wednesday. Economists polled by Reuters had expected the rate to hold steady against the previous month at 2.6%. The core rate, excluding energy, food, alcohol and tobacco cooled from 3.1% to...
German inflation eased for a third month in March, supporting expectations that the European Central Bank will start lowering interest rates in June. Consumer prices rose an annual 2.3% last month, according to the statistics office down from 2.7% in February and less than...
Consumer price growth in Tokyo moderated while staying well above the central bank’s inflation target, keeping authorities on track to consider more interest increases after they hiked earlier this month for the first time since 2007. Prices excluding fresh food rose 2.4% in March in the...
Australian inflation was steady for a third straight month in February, supporting the Reserve Bank’s decision to keep interest rates unchanged at a 12-year high last week. The consumer price indicator advanced 3.4% from a year earlier, slightly less than economists’ estimates of 3.5% and...
The Eurozone annual Harmonised Index of Consumer Prices (HICP) rose 2.6% in February, cooling from a 2.8% increase in January, the official data published by Eurostat showed on Friday. The market forecast was for a 2.5% growth in the reported period. The Core HICP inflation fell further to 3.1%...
Euro zone headline inflation eased slightly in January, flash figures published by the European Union’s statistics agency showed on Thursday, while core figures declined less than expected. Annual headline price rises came in at 2.8%, in line with a forecast of economists polled by Reuters....
The rate of U.S. inflation based on the Federal Reserve’s preferred PCE gauge rose a mild 0.2% in December and pointed to smaller price increases in 2024. Inflation picked up at bit at year end after declining in November, but there’s little evidence of emerging trouble. The increase in prices in...
UK inflation picked up unexpectedly, a setback that’s likely to temper discussion about when the Bank of England can reduce interest rates. The Consumer Prices Index rose 4% from a year earlier in December, up from a 3.9% rise the previous month, the Office for National Statistics said Wednesday....
