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News Tag: consumer price index

October 7, 2011

Factory gate inflation rises, driven by higher fuel costs

by Kay Mitchell
”Factory
The Office for National Statistics (ONS) has today revealed UK producer output prices rose in September – driven by higher fuel and food costs. The increase will no doubt raise concern about whether consumer price inflation will slow next year as sharply as the Bank of England is forecasting. According to the ONS, output prices (factory gate) annual inflation for ...




July 22, 2011

Hong Kong inflation reaches 35-month high

by Kay Mitchell
”Hong
Hong Kong's inflation has hit a 35-month high, driven by food prices and rising housing costs. According to the Census and Statistics Department, the consumer price index hit an almost three-year high of 5.6% in June on annual basis. The rate is the highest since July 2008 and is up from 5.2% in May. The rate has been fuelled by surging property prices, which ...




April 5, 2011

People’s Bank of China raises interest rates to tame inflation

by Kay Mitchell
People’s Bank of China raises interest rates to tame inflation
The People’s Bank of China today lifted interest rates in a further attempt to fight stubborn inflation. The central bank increased the one-year yuan lending rate by 25 basis points to 6.31% and the one-year yuan deposit rate, also by 25 basis points, to 3.25%. The latest figures from China’s National Bureau of Statistics (NBS) show the consumer price ...




April 1, 2011

South Korean inflation surges to 29-month high

by Kay Mitchell
South Korean inflation surges to 29-month high
Statistics Korea has today announced the inflation rate has jumped to a 29-month high – driven by higher food and fuel costs. According to Statistics Korea, the consumer price index rose by 4.7% in March on an annual basis. The rate is now at the higher end of the central bank’s 2%-4% target. On a monthly basis, the index rose 0.5% following ...




March 11, 2011

Chinese inflation holds steady at 4.9%

by Kay Mitchell
Chinese inflation holds steady at 4.9%
China’s National Bureau of Statistics (NBS) has today revealed the consumer price index rose 4.9% in February on an annual basis – the same figure as January. However, inflation is still well in excess of the 3% target set by the Government and was higher than analysts forecasts of 4.7%. The Government recently announced measures to deal with double-digit food price inflation ...




March 2, 2011

South Korean inflation surges to 27-month high

by Kay Mitchell
South Korean inflation surges to 27-month high
Statistics Korea has today announced the inflation rate has jumped to a 27-month high - driven by higher food and fuel costs. According to Statistics Korea, the consumer price index rose by 4.5% in February on an annual basis. The rate is now at the higher end of the central bank’s 2%-4% target. Analysts believe the latest figures will lead the central ...




February 17, 2011

US core inflation rises in January

by Kay Mitchell
”US
The Labor Department has today revealed the US Consumer Price Index, the core rate of inflation, rose by 1.6% on an annual basis in January. However, the rate is still within the central bank’s target of closer to 2%. On a monthly basis, prices rose by 0.2% - the largest gain since October 2009 - and higher than analysts expectations of a ...




December 15, 2010

US industrial production up, consumer prices flat

by Kay Mitchell
US industrial production up, consumer prices flat
US industrial production recovered in November - rising by 0.4% after a 0.2% contraction in October. The result beat expectations of a forecast of 0.3% and represented the biggest gain since July. Meanwhile, the Labor Department today revealed consumer prices slowed in November. The Consumer Price Index edged up 0.1% - slightly below the forecast of a 0.2% rise. The figures will reaffirm ...




May 28, 2010

Japanese unemployment edges higher, deflationary pressures continue

by Kay Mitchell
”Japanese
The world’s second largest economy was dealt a double blow of bad news today as figures revealed unemployment rose for the third consecutive month in April. The unemployment rate rose unexpectedly to 5.1% in April from 5% in March - the highest level since January. The number of unemployed stood at 3.56 million, up 2.9% from a year ago, the Ministry of ...




August 16, 2009

‘Cash for Clunkers’ scheme boosts US industrial output

by Kay Mitchell
”‘Cash
Demand for cars and carmakers has resulted in a rise of 0.5% in US industrial output for the month of July - boosted by the US Government’s Car Allowance Rebate System (CARS), branded the “cash for clunkers” scheme. The rise was the first in 9 months and exceeded analysts forecasts. The rise in industrial output was also due to the reopening ...




July 10, 2009

Fall in Japanese wholesale prices sparks further fears of deflation

by Kay Mitchell
”Fall
Figures from the Bank of Japan have revealed that Japanese wholesale prices tumbled 6.6% in the year to June - the fastest pace of decline since records began almost 50 years ago. The figures have raised fears that the world‘s second largest economy could see a short period of deflation. A short period of deflation (where prices fall rather ...