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Showing 31 - 40 of 217 results for "CPI inflation"

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% ...

Chief economist update: Low for longer

BENJAMIN ONG  |  THURSDAY, 29 APR 2021
... target band. In addition, and as the Australian central bank anticipated at its April meeting, "In the short term, CPI inflation is expected to rise temporarily because of the reversal of some COVID-19-related price reductions", suggesting that the acceleration ...