Tag: consumer price index

Factory gate inflation rises, driven by higher fuel costs

Factory gate inflation rises, driven by higher fuel costs

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 […]

October 7, 2011 More
Hong Kong inflation reaches 35-month high

Hong Kong inflation reaches 35-month high

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 […]

July 22, 2011 More
People’s Bank of China raises interest rates to tame inflation

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) […]

April 5, 2011 More
South Korean inflation surges to 29-month high

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 […]

April 1, 2011 More
Chinese inflation holds steady at 4.9%

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 […]

March 11, 2011 More
South Korean inflation surges to 27-month high

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 […]

March 2, 2011 More
US core inflation rises in January

US core inflation rises in January

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 – […]

February 17, 2011 More
US industrial production up, consumer prices flat

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 […]

December 15, 2010 More
Japanese unemployment edges higher, deflationary pressures continue

Japanese unemployment edges higher, deflationary pressures continue

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% […]

May 28, 2010 More
‘Cash for Clunkers’ scheme boosts US industrial output

‘Cash for Clunkers’ scheme boosts US industrial output

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 […]

August 16, 2009 More
Fall in Japanese wholesale prices sparks further fears of deflation

Fall in Japanese wholesale prices sparks further fears of deflation

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 […]

July 10, 2009 More