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Showing 31 - 40 of 218 results for "CPI inflation"

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 ...

Chief economist: The wages of slow wages growth

BENJAMIN ONG  |  THURSDAY, 20 MAY 2021
... remained below the RBA's target - headline CPI and underlying measure at 1.9%. Australia's annual headline CPI inflation has accelerated sequentially over the past nine months to March 2021 quarter, but at 1.1%, it remains halfway south of the ...

Chief economist update: Did the BOE just announce taper?

BENJAMIN ONG  |  FRIDAY, 7 MAY 2021
... strong growth outturn - and as some of the direct and indirect effects of COVID-19 on the economy fades - would send CPI inflation above the bank's 2.0% target towards the end of 2021, this would only be temporary and should return to around 2.0% ...