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Showing 11 - 20 of 200 results for "CPI inflation"

RBA signals further interest rate rises

ANDREW MCKEAN  |  WEDNESDAY, 7 SEP 2022
... since the early 1990s and is expected to increase further over the months ahead. The Bank's central forecast is for CPI inflation to be around 7.75% over 2022, slightly above 4% over 2023 and 3% in 2024. Likewise, 72% of economists and experts in Finder's ...

China records historic trade surplus

ANDREW MCKEAN  |  FRIDAY, 12 AUG 2022
... pressure on headline CPI being driven by ongoing increases in food costs (led by pork prices). While China's CPI inflation is lower than levels seen in the US, European Union and other emerging markets, Barclays maintained that the overtopping of ...

US inflation drops to 8.5%

CASSANDRA BALDINI  |  THURSDAY, 11 AUG 2022
... inflation remains uncomfortably high. "Looking ahead, recent developments in energy prices suggest that headline CPI inflation will remain on a gentle downward trend in August. However, while headline inflation might have peaked in June, it is set to ...

CPI rises, IMF lowers global outlook

ANDREW MCKEAN  |  WEDNESDAY, 27 JUL 2022
Australia's annual CPI inflation grew to 6.1% in the June quarter, slightly below the consensus forecast of 6.3%. Consumer prices rose 1.8% this quarter, again less than the 1.9% forecast. "Annual CPI inflation increased 6.1% in the June quarter ...

US, UK hike interest rates

ELIZABETH MCARTHUR  |  FRIDAY, 18 MAR 2022
... restrictive territory." The Bank of England also raised interest rates this week by 0.25%, moving from 0.5% to 0.75%. CPI inflation in the UK is at 5.5%. While the US has held off on rate hikes until now, this is the third consecutive increase from the ...

Tight labour market not yet producing wage growth

ELIZABETH MCARTHUR  |  MONDAY, 24 JAN 2022
... Consumer Price Index release, despite a tight labour market. HSBC chief economist Paul Bloxham expects headline CPI inflation to increase to 3.1% year on year in Q4 2021. He observes that both demand and supply side factors should continue to offer support ...

Economic recap: Week to October 8

BENJAMIN ONG  |  MONDAY, 11 OCT 2021
... when the global economy have had its last encounter with stagflation. he first episode came in the mid-1970s. US CPI inflation surged from a low of 2.95% in August 1972 to 12.1% by December 1974 while the US economy stagnated, with annual GDP growth ...

Economic recap: Week to July 30

BENJAMIN ONG  |  MONDAY, 2 AUG 2021
... that the days of historic low interest rates are over, think again. According to the ABS: "The increase in annual CPI inflation includes some 'base effects' following the introduction of free child care and a record fall in fuel prices in the ...

Economic recap: Week to July 16

BENJAMIN ONG  |  MONDAY, 19 JUL 2021
... month of decline in the jobless rate. Overseas, the biggest market mover was the faster-than-expected jump in US CPI inflation measures. Overall consumer prices surged by 5.4% in the year to June - the highest since an equal rate in August 2008. Core ...

Chief economist update: UK not there yet

BENJAMIN ONG  |  FRIDAY, 25 JUN 2021
... upgraded its GDP growth forecast to 5.5% in the June quarter from the 4.25% estimated in May and forewarned that "CPI inflation is expected to pick up further above the target... and is likely to exceed 3%", the BOE expects that this will be transitory ...