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Showing 1 - 10 of 100+ results for "CPI"

China records historic trade surplus

ANDREW MCKEAN  |  FRIDAY, 12 AUG 2022
... Barclays said. Headline inflation also continued to rise, up 0.2% in July to 2.7% year on year. The upward 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 ...

US inflation drops to 8.5%

CASSANDRA BALDINI  |  THURSDAY, 11 AUG 2022
... comes as a welcome relief for the Biden government. The reason for the fall is a slowdown in rising energy prices. Energy CPI rose by 32.9%, down from 41.6% in June, driven by a fall in gasoline prices, fuel oil and natural gas. However, food prices ...

Federal Reserve delivers 0.75bp rate rise

ANDREW MCKEAN  |  THURSDAY, 28 JUL 2022
... inflation remains well above the Federal Reserve's long term 2% target. In June, the 12-month change in the consumer price index (CPI) came in above expectations at 9.1% and the change in the core CPI was 5.9%. Although aggregate demand continues 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 ...

Is the wage price spiral narrative a lie?

ANDREW MCKEAN  |  MONDAY, 18 JUL 2022
... their margins and secure record chief executive bonuses." "It also reiterates that wage growth, which is lagging well behind CPI, is not driving inflation." The Union added: "Businesses have ample room to absorb cost increases but are instead choosing ...

Rate rises more likely after unemployment plunge

ANDREW MCKEAN  |  FRIDAY, 15 JUL 2022
... lift in August to 1.85%. However, the risks are now clearly tilted to an even larger 75 basis point move, especially if Q2 CPI also surprises to the upside again and the Federal Reserve ends up hiking 100 basis points," UBS said. That being said, RBA ...

US rocked by inflation disaster

ANDREW MCKEAN  |  THURSDAY, 14 JUL 2022
... a torrid 1.3% in June alone. While inflation has surged to its highest level in 41 years, US president Joe Biden said the CPI data doesn't reflect the full impact of nearly 30 days of decreases in gas prices. Biden stated: "Those savings are providing ...

Reserve Bank shocks with hawkish 50bp increase

ANDREW MCKEAN  |  TUESDAY, 7 JUN 2022
... inflation. CPA Australia senior manager of business policy Gavan Ord said: "In reaching today's decision, the RBA has relied on CPI figures for the March quarter. These are the same figures it relied on to raise interest rates by a quarter of a percent ...

Relax rate expectations: Franklin Templeton

CHLOE WALKER  |  FRIDAY, 3 JUN 2022
... coming months and quarters. "The difficulty is central banks must respond to the here and now, and Australia's annual headline CPI of 5.1% cannot be dismissed easily," he said. "The monetary action being taken right now will manifest itself in significantly ...

Retirees doing it tough: ASFA

CHLOE WALKER  |  THURSDAY, 2 JUN 2022
... The percentage increases in the budgets for those aged around 65 were less than the increase in the March quarter All Groups CPI of 2.1%and 5.1%compared to a year earlier. The impact of some increases was softened by the 3.7% increase to the Age Pension ...
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