LONDON (Reuters) – Soaring food prices pushed annual inflation in British shops to its highest in at least 18 years in March, industry data showed on Tuesday. The British Retail …
Inflation,
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Japan’s business services prices perk up near BOJ’s inflation target
by Reutersby ReutersBy Leika Kihara TOKYO (Reuters) -Japan’s business-to-business services inflation picked up in February on a tourism rebound and rising labour costs, data showed, offering the central bank hope that steady …
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Swedish central bank chief says more rate hikes likely due to stubborn inflation
by Reutersby ReutersSTOCKHOLM (Reuters) – The Swedish central bank might have underestimated inflationary pressure and will likely have to stick to its forecasts of another interest rate hike in April, Riksbank Governor …
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Inflation Reduction? Dems’ Climate Spending Spree Could Cost $1.2 Trillion, Analysts Say
Inflation Reduction? Dems’ Climate Spending Spree Could Cost $1.2 Trillion, Analysts Say John Hugh DeMastri on March 23, 2023 Democrats’ Inflation Reduction Act (IRA) could cost roughly $1.2 trillion in …
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Japan firms see global inflation risk as major headwind for fiscal 2023 – Reuters poll
by Reutersby ReutersBy Rocky Swift TOKYO (Reuters) – Japanese firms see inflation and the chance of worldwide recession as the primary risks they face in fiscal 2023, a Reuters monthly poll showed. …
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Yellen: Inflation likely to come down on lower supply chain pressures, shipping costs
by Reutersby ReutersWASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Thursday that supply chain pressures and shipping costs were coming down and were eventually likely to bring down inflation. She …
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COPENHAGEN (Reuters) -Denmark’s government on Thursday proposed tightening public spending to try to ease inflation as it predicted prices would rise 3.9% this year. “The most important aim of this …
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Bank of England raises interest rates again, sees inflation falling
by Reutersby ReutersBy William Schomberg and David Milliken LONDON, March 23 (Reuters) – The Bank of England raised interest rates by a further quarter of a percentage point on Thursday and said …
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By Amanda Cooper LONDON (Reuters) – Bank of England policymakers will not have looked at Wednesday’s inflation data with the same enthusiasm as sterling traders, who took advantage of a …
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A look at the day ahead in U.S. and global markets from Mike Dolan A semblance of banking calm has allowed markets to pick a lane and bet one last …
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Bundesbank chief: rate-setters must be ‘stubborn’ in inflation fight -FT
by Reutersby Reuters(Reuters) – Eurozone policy-setters must be “stubborn” and continue increasing borrowing costs to battle inflation, Bundesbank chief Joachim Nagel told the Financial Times in comments published on Wednesday. The remarks …
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Instant view: Canada annual inflation rate slows to 5.2% in February
by Reutersby ReutersTORONTO (Reuters) – Canada’s annual inflation rate fell to 5.2% in February, largely on the base year effect, as higher mortgage interest offset lower energy prices, Statistics Canada said on …
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(Reuters) – Sri Lanka’s National Consumer Price Index (NCPI) rose 53.6% in February on the year, after a rise of 53.2% in January, the statistics department of the debt-stricken country …
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Taiwan central bank says raising rates could help curb inflation expectations
by Reutersby ReutersTAIPEI (Reuters) – Taiwan’s deputy central bank governor said on Monday that raising interest rates may help curb inflation expectations, although also noting an aversion to raising rates during an …
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Taiwan central bank deputy governor: Current wave of inflation is not short-term phenomenon
by Reutersby ReutersTAIPEI (Reuters) – The current wave of inflation in Taiwan is not a short-term phenomenon and has fanned expectations for continued high inflation rates, the deputy central bank governor said …
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ECB hawks press case for more rate hikes to fight dogged inflation
by Reutersby ReutersBy Sabine Siebold and Paul Carrel (Reuters) – The European Central Bank (ECB) will likely need to raise interest rates further to tame persistent inflation, two leading hawks on the …
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ECB’s Holzmann expects more rate hikes to fight dogged inflation
by Reutersby Reuters(Reuters) – Inflation in the euro zone is proving tougher to crack than expected and the European Central Bank will likely need to raise interest rates further, possibly above 4%, …
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U.S. consumer sentiment ebbs in March; inflation expectations fall
by Reutersby ReutersWASHINGTON (Reuters) – U.S. consumer sentiment fell for the first time four months in March, though households expected inflation to subside over the next 12 months and beyond, a survey …
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LONDON (Reuters) – The British public’s expectations for inflation have fallen, the Bank of England said in a survey it published on Friday ahead of its decision next week on …
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Carl Icahn urges Fed to keep fighting inflation after SVB collapse – FT
by Reutersby Reuters(Reuters) – Activist investor Carl Icahn has urged the U.S. Federal Reserve to stay the course in the fight against the “disease of inflation” despite the failure of Silicon Valley …
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Japan’s Feb consumer inflation seen slowing sharply on subsidies – Reuters Poll
by Reutersby ReutersTOKYO (Reuters) – Japan’s core consumer inflation likely slowed sharply in February from a 41-year high in the previous month, a Reuters poll of 20 economists showed, as government subsidies …
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Mexico central bank’s main focus is tackling inflation -deputy governor
by Reutersby ReutersMERIDA, Mexico (Reuters) – Bank of Mexico’s main focus is tackling inflation, deputy governor Galia Borja said on Thursday, when asked how fears of a banking crisis roiling U.S. and …
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Argentina hikes interest rate 300 basis points after inflation breaks 100% barrier
by Reutersby ReutersBy Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s central bank board said it agreed to hike the country’s benchmark interest rate by 300 basis points to 78% on Thursday after …
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Argentina February inflation data “very bad”: government spokesperson
by Reutersby ReutersBUENOS AIRES (Reuters) – The Argentine government on Thursday said annual inflation data registered in February, the highest since 1991, was “very bad,” but insisted that the 60% inflation rate …
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STOCKHOLM (Reuters) – Long-term inflation expectations among financial and business groups in Sweden fell in March, a poll commissioned by the central bank showed on Thursday. Inflation measured with a …