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(Eagle News) — The Philippines’ inflation rate for the bottom 30 percent of income households eased further to 4.8 percent in October, the Philippine Statistics Authority said on Friday, Nov. 5. According to the PSA, the inflation rate for that group in September was at 5.0 percent while the rate was at 2.9 percent in October 2020. The PSA said the deceleration was mainly due to the slower annual rate observed in the heavily-weighted food […]
TOKYO, Japan (AFP) — Japan’s core consumer prices edged up 0.1 percent in September, the first increase since March 2020 partly due to a rise in fuel prices, official data showed Friday. The latest figure was in line with market expectations, and comes after August’s prices were unchanged year on year, ending a run of 12 consecutive monthly declines. Core consumer prices — which exclude volatile fresh food — had been trimming the pace of […]
BUENOS AIRES, Argentina (AFP) — Argentina’s government on Thursday announced it had reached an agreement with the private sector to freeze prices on more than 1,200 goods in a bid to slow soaring inflation. The country’s statistics institute announced that inflation since January was 37 percent while the figure over the last 12 months was 52.5 percent, one of the highest in the world. “These 1,247 goods with their prices frozen will provide an anchor […]
Delays and price hikes are anticipated in the United States for holiday merchandise, a Federal Reserve official warned Sunday, calling for more to be done to boost the workforce. “Right now, we see consumers trying to get out early and spend their money to get their goods before they run out,” Mary Daly, head of the San Francisco branch of the US central bank, told CBS. When shopping for the upcoming holidays, “people are buying […]
by Roland JACKSON LONDON, United Kingdom (AFP) — British annual inflation spiked in August to a nine-year peak on the reopening economy, but last year’s figure had been skewed by a restaurant discount scheme, official data showed Wednesday. The Consumer Prices Index (CPI) soared to 3.2 percent, the highest level since March 2012, the Office for National Statistics said in a statement. That marked a record acceleration from 2.0 percent in July, but the ONS […]
(Eagle News) — Inflation accelerated to 4.9 percent in August, the Philippine Statistics Authority reported on Tuesday, Sept. 7. According to the PSA, this was the highest inflation reported since January 2019. In July, inflation was pegged at 4.0 percent. According to the PSA, the uptrend in the country’s inflation was brought about by the higher annual increment in the index of the heavily-weighted food and non-alcoholic beverages. From from 4.9 percent in July 2021, […]
by Heather SCOTT WASHINGTON, United States (AFP) — US consumer prices jumped again in July, as spiking gasoline prices continue to fuel inflation, prompting the White House on Wednesday to call for oil producers to open the taps to boost supply. However, overall inflation came in at a slower pace than the prior month as some impacts of the pandemic shutdowns appeared to dissipate, according to government data released Wednesday. President Joe Biden hailed the […]
(Eagle News) — Inflation eased to 4 percent in July, the Philippine Statistics Authority reported on Thursday, Aug. 5. According to the PSA, this was less than the 4.1 percent inflation rate recorded in June 2021, and brought the country’s year-to-date inflation from January to July 2021 at 4.4 percent. In July 2020, inflation was at 2.7 percent. According to the PSA, the downward trend was attributed to the lower annual increment registered in the transport […]
LONDON, United Kingdom (AFP) — Britain’s annual inflation rate has soared close to a three-year peak as consumer prices accelerated on easing virus curbs, official data showed Wednesday. The Consumer Prices Index hit 2.5 percent in June, which was the highest rate since August 2018 and compared with a 2.1 percent gain in May 2021, the Office for National Statistics said in a statement. Inflationary pressures were partly stoked by the temporary impact of rising […]
by Heather SCOTT WASHINGTON, United States (AFP) — The United States saw its biggest surge in inflation in more than a decade last month, according to government data released Tuesday, hitting consumers and challenging the White House and Federal Reserve narrative that the price spike will fade in the coming months. As widespread Covid-19 vaccinations allowed the world’s largest economy to relax pandemic restrictions, Americans have resumed spending and traveling but have faced rising prices […]
(Eagle News) — Inflation remained at 4.5 percent in May, the country’s recorded level of inflation since March 2021. According to the Philippine Statistics Authority, the flat inflation rate was due to mixed movements in the annual growth rates in the indices of the commodity groups. The PSA said the annual growth rates in the indices of clothing and footwear; housing, water, electricity, gas, and other fuels; furnishing, household equipment and routine maintenance of the […]
HONG KONG, China (AFP) — Fears about surging inflation continued to trouble Asian markets Wednesday, with investors nervously awaiting crucial US price data later in the day that could ramp up expectations the Federal Reserve will have to taper its monetary policy earlier than flagged. Global equities have had a torrid start to the week as traders bet that stimulus measures, the rollout of vaccines and the reopening of businesses will fan a blockbuster recovery […]
