Tag: CPI

  • French Inflation Falls Below 1% As Estimated

    French Inflation Falls Below 1% As Estimated


    France’s inflation fell below 1 percent for the first time since early 2021, as initially estimated in February, final data from the statistical office INSEE showed on Friday.

    Consumer price inflation was 0.8 percent in February, in line with preliminary estimate, and down from 1.7 percent in January. This was the weakest since February 2021.

    Likewise, EU harmonized inflation halved to 0.9 percent from 1.8 percent in January. The rate matched the estimate published on February 28.

    Month-on-month, the consumer price index remained flat, as estimated, following a 0.2 percent gain in January.

    At the same time, the harmonized index of consumer prices showed a revised 0.1 percent growth after a 0.2 percent fall. The HICP for January was revised up from nil growth.

    Further, data showed that core inflation softened to 1.3 percent in February from 1.4 percent in January.

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  • US inflation and jobs data take centre stage

    US inflation and jobs data take centre stage


    Finally, the Greenback managed to regain some composure and clocked acceptable gains following multi-month lows. The broader scenario, however, remained clouded by intense tariff uncertainty as well as fears of a US recession.

    Here is what you need to know on Thursday, March 13:

    The US Dollar Index (DXY) set aside part of the multi-day deep sell-off, retesting the 103.80 zone amid rising yields. Producer Prices will be in the spotlight seconded by the usual Initial Jobless Claims.

    EUR/USD met some resistance and receded to the sub-1.0900 region in response to the mild bounce in the US Dollar. Industrial Production in the euro area will be published along with speeches by the ECB’s De Guindos, Nagel and Villeroy.

    GBP/USD pushed harder and came just pips away from the key 1.3000 threshold, just to give away some impulse afterwards. The RICS House Price Balance will be the sole release across the Channel.

    USD/JPY added to Tuesday’s uptick, climbing to multi-day highs and briefly surpassing the 149.00 barrier. The weekly Foreign Bond Investment figures are due.

    Despite tariff concerns and the uptick in the US Dollar, AUD/USD rose further north of the 0.6300 hurdle, hitting two-day peaks at the same time. The final Building Permits and Private House Approvals are expected, followed by the speech by the RBA’s Jones.

    Prices of WTI rose to three-day highs near the $68.00 mark per barrel despite the ounce in the US Dollar and persistent trade war concerns.

    Gold prices advanced to two-week tops around $2,940 per troy ounce following tariff jitters and the lower-than-expected US CPI print. Silver prices rose past the $33.00 mark per ounce, coming just short of the yearly peak.



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  • Colombia Consumer Price Index (MoM) came in at 1.14%, above forecasts (1%) in February



    Colombia Consumer Price Index (MoM) came in at 1.14%, above forecasts (1%) in February



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  • French Inflation Falls Below 1% As Estimated

    N. Macedonia Inflation Accelerates Further, Industrial Production Rises


    Consumer price inflation in North Macedonia increased again in February, while the industrial production grew in January, separate reports from the statistical office showed on Friday.

    The consumer price index rose 5.0 percent year-on-year following a 4.9 percent increase in January. Compared to the previous month, the CPI rose 0.5 percent.

    Another report from the statistical office showed that industrial production grew 1.4 percent year-on-year in January, led by a 4.4 percent increase in the manufacturing output.

    The statistical office also revealed that the external trade deficit in January totaled MKD 16.626 billion with exports rising 5.0 percent year-on-year and imports growing 5.9 percent.

    Separate data from the statistical office showed that the unemployment rate fell to 11.9 percent in the fourth quarter of 2024 from 12.3 percent in the previous three months.

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  • French Inflation Falls Below 1% As Estimated

    Luxembourg Inflation Eases To 1.7%


    Consumer price inflation in Luxembourg eased in February from a six-month high in January, data from the statistical office showed on Wednesday.

    The consumer price index rose 1.7 percent year-on-year in January following a 1.9 percent increase in the prior month.

    Prices for housing and utilities alone grew 4.88 percent annually in February, though slower than the 5.53 percent surge in January. Similarly, the annual price growth in transportation eased to 0.40 percent from 1.55 percent. Meanwhile, communication costs showed a decrease of 1.70 percent.

    On a monthly basis, consumer prices rose 1.2 percent after a 0.4 percent gain a month ago.

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  • French Inflation Falls Below 1% As Estimated

    Singapore Inflation Eases Unexpectedly To 1.2%


    Singapore’s consumer price inflation softened unexpectedly at the start of the year, data published by the Monetary Authority of Singapore and the Ministry of Trade and Industry showed on Monday.

    The consumer price index rose 1.2 percent on a yearly basis in January, slower than the 1.5 percent increase in December. Meanwhile, economists had expected inflation to rise to 2.2 percent.

    Data showed that core inflation also eased to 0.8 percent in January from 1.7 percent in December.

    The slowdown in overall inflation in January was on the back of lower inflation across most major categories of the CPI basket, the MAS said.

    Services inflation eased to 1.0 percent from 1.6 percent, largely due to a fall in the costs of general, vocational and higher education, as well as outpatient and inpatient care services.

    Similarly, food inflation moderated to 1.5 percent from 2.3 percent, and inflation based on accommodation slowed to 1.6 percent from 2.1 percent on account of smaller increases in both housing rents and housing maintenance and repair costs.

    Electricity and gas prices were 2.9 percent cheaper compared to last year, while private transport costs grew 2.8 percent amid higher car prices.

    Looking ahead, Singapore’s imported inflation is expected to remain moderate, reflecting favourable supply projections in key food commodity markets and forecasts of declines in global oil prices, the MAS said.

    On the domestic front, unit labour costs are projected to rise gradually as nominal wage growth eases and productivity increases.

    CPI-All Items inflation is expected to average 1.5-2.5 percent for 2025 amid an anticipated pickup in private transport inflation. MAS core inflation is projected to average 1-0-2.0 percent for the current year.

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  • EUR/GBP remains capped below 0.8300 after hotter UK CPI data

    EUR/GBP remains capped below 0.8300 after hotter UK CPI data


    • EUR/GBP softens to around 0.8285 in Wednesday’s early European session. 
    • UK CPI inflation rose to 3.0% YoY in January vs. 2.8% expected.
    • The dovish stance from the ECB might drag the Euro lower.

    The EUR/GBP cross weakens to near 0.8285 during the early European trading hours on Wednesday. The Pound Sterling (GBP) edges higher against the Euro (EUR) after the hotter-than-expected UK Consumer Price Index (CPI) inflation data for January. Later on Wednesday, the Eurozone Current Account will be released. 

    Data released by the United Kingdom’s Office for National Statistics on Wednesday showed that the country’s headline CPI rose 3.0% YoY in January, compared to a 2.5% increase in December. This reading came in hotter than the 2.8% expected. The Core CPI, which excludes the volatile prices of food and energy, climbed 3.7% YoY in January versus 3.2% prior, in line with the market consensus of 3.7%. 

    Meanwhile, the monthly UK CPI inflation fell to -0.1% in January from +0.3% in December. Markets projected a -0.3% reading. The Pound Sterling holds steady in an immediate reaction to the upbeat UK CPI inflation data.

    Slower growth in the Eurozone triggered the expectations of further interest rate reductions from the European Central Bank (ECB), which might weigh on the shared currency. Analysts expect the European Central Bank (ECB) to deliver quarter-point cuts at every meeting until mid-2025. That would bring the deposit rate to 2.0%

    Inflation FAQs

    Inflation measures the rise in the price of a representative basket of goods and services. Headline inflation is usually expressed as a percentage change on a month-on-month (MoM) and year-on-year (YoY) basis. Core inflation excludes more volatile elements such as food and fuel which can fluctuate because of geopolitical and seasonal factors. Core inflation is the figure economists focus on and is the level targeted by central banks, which are mandated to keep inflation at a manageable level, usually around 2%.

    The Consumer Price Index (CPI) measures the change in prices of a basket of goods and services over a period of time. It is usually expressed as a percentage change on a month-on-month (MoM) and year-on-year (YoY) basis. Core CPI is the figure targeted by central banks as it excludes volatile food and fuel inputs. When Core CPI rises above 2% it usually results in higher interest rates and vice versa when it falls below 2%. Since higher interest rates are positive for a currency, higher inflation usually results in a stronger currency. The opposite is true when inflation falls.

    Although it may seem counter-intuitive, high inflation in a country pushes up the value of its currency and vice versa for lower inflation. This is because the central bank will normally raise interest rates to combat the higher inflation, which attract more global capital inflows from investors looking for a lucrative place to park their money.

    Formerly, Gold was the asset investors turned to in times of high inflation because it preserved its value, and whilst investors will often still buy Gold for its safe-haven properties in times of extreme market turmoil, this is not the case most of the time. This is because when inflation is high, central banks will put up interest rates to combat it. Higher interest rates are negative for Gold because they increase the opportunity-cost of holding Gold vis-a-vis an interest-bearing asset or placing the money in a cash deposit account. On the flipside, lower inflation tends to be positive for Gold as it brings interest rates down, making the bright metal a more viable investment alternative.

     



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  • French Inflation Falls Below 1% As Estimated

    N. Macedonia Inflation Accelerates To 4.9%


    Consumer price inflation in North Macedonia climbed in January led by higher prices for food and transport, preliminary data from the statistical office showed Friday.

    The consumer price index rose 4.9 percent year-on-year following a 4.4 percent increase in December.

    Food prices increased 5.0 percent and transport costs grew 5.7 percent. Prices in the recreation and culture group rose 6.5 percent.

    Clothing and footwear prices rose 3.3 percent and utility costs grew 1.4 percent. Health costs climbed 3.9 percent.

    Prices rose 0.2 percent from the previous month, when they grew 0.3 percent.

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  • China Consumer Price Index (YoY) above expectations (0.4%) in January: Actual (0.5%)



    China Consumer Price Index (YoY) above expectations (0.4%) in January: Actual (0.5%)



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  • Colombia Consumer Price Index (MoM) registered at 0.94% above expectations (0.82%) in January


    The January payrolls number was weaker than expected at 143k, vs a reading of 175k. However, to counteract the downside surprise in the NFP number, the unemployment rate fell to 4% from 4.1%, and average wage data jumped by 0.5% on the month, to 4.1%, the market had been looking for a decline to 3.8%.



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  • French Inflation Falls Below 1% As Estimated

    Bulgarian Inflation Rises To 2.2%, Highest In 5 Months


    Bulgaria’s consumer price inflation accelerated slightly in December to the highest level in five months, data from the National Statistical Institute showed on Wednesday.

    The consumer price index, or CPI, climbed 2.2 percent year-over-year in December, after a 2.1 percent rise in November.

    Moreover, the latest inflation was the highest since July, when prices had risen 2.4 percent.

    The annual price growth in housing and utilities accelerated to 2.8 percent from 2.5 percent. Meanwhile, the decline in transport costs eased to 0.6 percent from 3.4 percent. Both these developments largely pushed the inflation higher in December.

    On a monthly basis, consumer prices moved up 0.4 percent in December, slower than the 0.6 percent increase in the prior month.

    The average annual inflation rate for the year 2024 was 2.4 percent.

    EU-harmonized inflation also rose marginally to 2.1 percent in December from 2.0 percent in November. Month-on-month, the harmonized index of consumer prices, or HICP, increased at a stable rate of 0.3 percent.

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    What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.





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