UK inflation fell by more than expected in November 2023, driven largely by a drop in fuel prices. Inflation dropped to 3.9% in the year to November 2023, down from 4.6% in October 2023. Other than fuel, slowing food and household items were also behind the drop. Inflation has fallenRead More →
Prices across a wide spectrum of goods and services moved slightly higher in November 2023 but were mostly in line with expectations, thus further easing pressure on the Federal Reserve. The consumer price index, a closely watched inflation gauge, increased 0.1% in November, and was up 3.1% from a yearRead More →
Annual inflation in the euro zone sank to 2.4% in November 2023 from 2.9% in October 2023, data showed Thursday 30th November 2023. Core inflation was also below expectations at 3.6%. The European Central Bank has stressed that it is too early to declare victory in the 20-member euro zoneRead More →
UK inflation fell to 4.6% in October 2023, down from 6.7% in September 2023. This is the lowest rate of price increases since 2021 and the bigger than expected fall should provide some relief to UK households gripped by the cost-of-living crisis. The main factors that contributed to the drop in inflation were largelyRead More →
U.S. Inflation was flat in October from the previous month, providing a positive sign that high prices are finally easing their tight grip on the U.S. economy. Is this also a green light for the Federal Reserve to stop raising interest rates. The consumer price index (CPI) was flat inRead More →
Pay growth has outstripped inflation by the most since 2021, in a further sign that the pressure on living costs may be starting to ease. Regular pay rose at an annual rate of 7.7% between July and September 2023, official figures show; higher than average inflation over the same threeRead More →
According to the latest data from Eurostat, the statistical office of the European Union, the euro area annual inflation was 2.9% in October 2023, down from 4.3% in September 2023. The main factor behind the decline in inflation was a sharp drop in energy prices, which fell by some 15%Read More →
The inflation rate in Argentina is extremely high and has surpassed 100% for the first time since the early 1990’s. The inflation rate for consumer prices in Argentina was 138.28% in September 2023, based on the CPI values for the last 12 months. This means that the prices of many goodsRead More →
The UK rate of inflation is stuck at 6.7% for September 2023, the same rate as August 2023, according to the Office for National Statistics (ONS). It means prices are still rising at the same rate as the previous month. Petrol and diesel costs kept inflation up, the Office forRead More →
Wholesale U.S. prices rose more than expected in September 2023, according to latest data released indicating that inflation remains a problem for the U.S. economy. The producer price index (PPI), which measures costs for finished goods that producers pay, increased 0.5% for the month, higher than estimated for a 0.3%Read More →
The International Monetary Fund (IMF) is an international organization that monitors the health of the global economy and provides financial assistance to countries in need. UK interest rate warning from the IMF Peak at 6%! The IMF believes Bank of England rates will peak at 6% and stay around 5%Read More →
ONS says inflation dropped in August 2023 According to the Office for National Statistics (ONS), the UK’s inflation rate dropped unexpectedly in August 2023 to its lowest level since the start of Russia’s invasion of Ukraine, which led to sharp rises in energy and food costs which were already onRead More →
Latest U.S. inflation figures The latest inflation figures for the U.S. show that the annual inflation rate rose to 3.7% in August 2021, up from 3.2% in July 2021. This was mainly driven by a sharp increase in energy prices, which jumped up 10.5% over the last month. Gas (petrol) prices accounted for more than half ofRead More →
According to the Office for National Statistics (ONS) – Inflation fell to 6.8% in the year to July 2023, down from 7.9% in June. A reduction was anticipated by analysts, and there are signs the cost of living could be easing finally, after figures on Tuesday revealed wages rose 7.8% annuallyRead More →
Up slightly for the first time in a year U.S. consumer prices rose a mild 0.2% in July, but the rate of inflation rose for the first time in more than in a year in a sign it’s going to take a while to get the cost of living fullyRead More →
That’s still 3% above the target of 2% The Bank of England’s forecasting, which has a major impact on the UK economy, is being reviewed and has been criticised. After the Bank raised interest rates for a 14th time in a row in an effort to slow price rises inRead More →
EU Inflation 5.3% July 2023 Euro zone inflation fell in July, and new growth figures showed economic activity picking up in the second quarter of this year, but economists still fear a recession. Headline inflation in the EU was 5.3% in July, according to preliminary data released end of JulyRead More →
Interest rates and inflation in the UK The UK is facing a cost of living crisis as inflation has soared to its highest level in decades. The Bank of England has raised interest rates 13 times since December 2021 in an attempt to bring inflation back down to its originalRead More →
UK inflation rate remains high at 8.7% in May 2023 The UK inflation rate remained at 8.7% in the year to May 2023, according to the latest official figures from the Office for National Statistics (ONS). This is the same rate that was recorded in April, but down from theRead More →
Bank of England offers no election help to Rishi Sunak as the UK interest rate is held at 5.25%. Not that they should. But the UK inflation is on target now at 2% so that’s some consolation. The PM claimed credit as the inflation target was met – happily informingRead More →
UK interest rates have been left unchanged at 5.25% by the Bank of England (BoE) The Bank has maintained the interest rates at 5.25% for the seventh consecutive time to combat inflation, resulting in increased mortgage repayments and higher savings rates. The interest rates, at their peak for the pastRead More →
The S&P 500 soared to a new high, surpassing 5400 for the first time on Wednesday 12 June 2024, following the Federal Reserve’s latest policy statement and the May 2024 inflation report, which suggested a softening of inflationary pressures. The S&P 500 index rose by 0.85%, closing at around 5421Read More →
On Thursday, 6th June 2024, the European Central Bank announced a reduction in interest rates, a move that was widely expected, despite persistent inflationary pressures in the eurozone, which comprises 20 nations. The central bank’s primary rate has been lowered to 3.75%, a decrease from the historic high of 4%Read More →
Bad economic news appears to have had an interesting impact on the stock market recently. Traditionally, negative economic data might be anticipated to result in falling stock prices; however, recent trends have diverged from this norm. News trend In the past two months, negative economic news has had a paradoxically positiveRead More →
The International Monetary Fund (IMF) advises that the Bank of England should contemplate reducing its interest rates to 3.5% by the end of 2025. This suggestion is made as the UK’s economy steadily recovers from the recession caused by the pandemic, while policymakers are dealing with inflationary challenges. The ‘thinking’Read More →