BERLIN (Reuters) – Germany’s finance minister expects inflation in Europe’s biggest economy to drop to 7% this year and to continue falling in 2024 and beyond, but believes high energy …
Inflation,
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ECB must stop quick wage growth from fuelling inflation, Lagarde says
by Reutersby ReutersFRANKFURT (Reuters) – Euro zone wages are growing quicker than earlier thought and the European Central Bank must prevent this from adding to already high inflation, ECB President Christine Lagarde …
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BOJ considering raising inflation forecasts to near 2% target -Nikkei
by Reutersby Reuters(Reuters) -The Bank of Japan (BOJ) is considering raising its inflation forecasts in January to show price growth close to its 2% target in fiscal 2023 and 2024, Nikkei reported …
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High inflation here to stay for coming months, says German industry
by Reutersby ReutersBERLIN (Reuters) – Germany’s inflation rate is unlikely to decline rapidly at present and the European Central Bank’s target of 2% will only become feasible by the middle of the …
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SEOUL (Reuters) – South Korea’s consumer prices in December rose 5.0% from a year earlier, official data showed on Friday, matching market expectations and the pace seen in November. The …
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Philippine central bank sees Dec annual inflation at 7.8% to 8.6%
by Reutersby ReutersMANILA (Reuters) – Philippine inflation was likely within the 7.8% to 8.6% range in December because of upward pressures from higher electricity rates and agricultural commodities prices, the central bank …
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BANGKOK (Reuters) – Thailand’s cabinet on Tuesday approved the central bank’s headline inflation target of 1% to 3% for 2023, unchanged from this year, government spokesperson Traisuree Traisoranakul told reporters. …
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SEOUL (Reuters) – A major measure of the inflation expectations of South Korean consumers hit a seven-month low in December, underscoring the market’s view that the Bank of Korea’s policy …
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Russia could hike rates in 2023 if inflation risks have big impact -cenbank
by Reutersby ReutersMOSCOW (Reuters) – The Bank of Russia could raise interest rates in 2023 if inflationary risks such as labour shortages and import restrictions have a meaningful impact, Deputy Governor Alexei …
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Food Inflation Cuts Into Your Christmas Dinner
Food Inflation Might Cut Into Your Christmas Dinner John Hugh DeMastri on December 24, 2022 Inflation continues to pinch consumers’ wallets, and heading into Christmas, food prices are running hot, …
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BERLIN (Reuters) -Inflation is likely to remain high for another two years as companies pass on higher input costs and in some cases exaggerate them, the head of the council …
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U.S. consumers’ 1-year inflation outlook drops to 18-month low – UMich
by Reutersby Reuters(Reuters) – U.S. consumers expect price pressures to moderate notably in the next year, with a benchmark survey on Friday showing their one-year inflation outlook dropping to the lowest in …
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French inflation will be high in coming months before easing in mid-2023 -Le Maire
by Reutersby ReutersPARIS (Reuters) – France will have high inflation levels in the next few months, particularly regarding food items, before it will then likely ease in mid-2023, French Finance Minister Bruno …
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Canada’s inflation eases a notch, leaves door open for another rate hike
by Reutersby ReutersBy Ismail Shakil and Steve Scherer OTTAWA (Reuters) – Canada’s annual inflation rate eased to 6.8% in November as gasoline price rose more slowly, data showed on Wednesday, leaving the …
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Sri Lanka’s national consumer price inflation eases to 65% in Nov
by Reutersby Reuters(Reuters) – Sri Lanka’s National Consumer Price Index (NCPI) eased year-on-year to 65% in November after a 70.6% jump in October, the statistics department said on Wednesday. Food prices were …
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Indonesia central bank sees 2022 inflation at 5.4%, 2023’s at around 3%
by Reutersby ReutersJAKARTA (Reuters) – Indonesia’s December inflation rate is seen at 5.4%, but it would ease next year to around 3%, central bank governor Perry Warjiyo said on Wednesday, ahead of …
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New Cleveland Fed data points to easing shelter inflation outlook
by Reutersby ReutersBy Michael S. Derby NEW YORK (Reuters) – New data from the Cleveland Federal Reserve tracking housing sector inflation suggests one of the key drivers of soaring prices could be …
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Mexico headline inflation seen rebounding in early December, core inflation to slow – Reuters poll
by Reutersby ReutersMEXICO CITY (Reuters) – Mexico’s headline inflation is forecast to have rebounded in the first half of December after six fortnights of slowing, backing bets the Bank of Mexico will …
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ECB’s Nagel pleads with Germans for patience in combating inflation
by Reutersby ReutersBERLIN (Reuters) – Bundesbank President Joachim Nagel asked the German public for patience in bringing down inflation, warning in an interview with broadcaster N-TV on Thursday that the impact of …
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There’s One Thing Picking Americans’ Pockets This Christmas — Biden’s Inflation
EJ ANTONI: There’s One Thing Picking Americans’ Pockets This Christmas — Biden’s Inflation E.J. Antoni on December 19, 2022 At least the Grinch had the courtesy to wait until Christmas …
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(Reuters) – Pandemic-related disruptions to global supply chains and the effects of Russia’s war in Ukraine have driven up prices of energy, commodities and necessities. Here’s how governments are trying …
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Dutch inflation to stick around 5% as energy costs bite – central bank
by Reutersby ReutersAMSTERDAM (Reuters) – Inflation in the Netherlands is set to remain at a relatively high level of around 5% in the next two years as soaring energy costs feed into …
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Philippines extends tariff cuts on imported rice, other food items to fight inflation
by Reutersby ReutersMANILA (Reuters) – Philippine President Ferdinand Marcos Jr has approved the recommendation of the economic ministry to extend up to the end of next year lower tariff rates on rice …
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(Reuters) – Pandemic-related disruptions to global supply chains and the knock-on effects of Russia’s war in Ukraine have driven up prices of energy, commodities and necessities. Here’s how governments are …
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Italian economy to grow 0.4% in 2023, average inflation at 7.3% – central bank
by Reutersby ReutersMILAN (Reuters) – The Italian economy is expected to grow by 0.4% next year, a sharp slowdown compared with the 3.8% seen for 2022, the central bank said on Friday. …