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Nigeria’s top statistician tweeted the country’s latest inflation data one hour early. He blamed the fact that his watch was on “London time” — despite London and Nigeria being in the same time zone. The country’s inflation rate fell to 13.34% from 14.33% in March. The head of Nigeria’s statistical authority made an embarrassing blunder […]
REUTERS/Eddie Keogh Annual wage growth in Japan has fallen in real terms in each of the past three months. That appears to be impacting household spending which fell heavily in the year to February. Falling real wages are crimping the purchasing power of households, placing downside pressure on consumption and inflationary pressures. Japan’s unemployment rate […]
Low inflation is not always good for the economy. However, for Russia, whose economy has been dominated by skyrocketing inflation after the collapse of the Soviet Union, it’s a good sign. Inflation in Russia now stands at 2.18 percent, and for the first time ever it is lower than US inflation, which is currently 2.2 […]
Matt Cardy/Getty Images Inflation rose more than expected in January, according to a keenly awaited report released on Wednesday. The Bureau of Labor Statistics’ consumer price index, which tracks price changes of a basket of consumer goods, rose 2.1% year-on-year in January. That’s higher than the Federal Reserve’s 2% target, although the central bank prefers to […]
Reuters The stock market has been taking a historic pounding over the last few days. In part you can blame the fact that inflation, a force virtually unseen since the financial crisis, has reappeared on planet Earth. It is changing economic conditions, and making the world a riskier, more volatile place for Wall Street. If […]
A selloff in world stocks deepened as expectations of rising inflation and a sudden climb in government bond yields interrupted a recent rally.
When he’s on the road, dashing in and out of airports for work around Latin America, Argentine Gabriel Paluch often opens up his laptop, peers down over his thick black mustache and skims the numbers on the screen. His screen shows him the value of money he’s loaned borrowers through Afluenta, a Buenos Aires–based financial […]
Reuters/Lucas Jackson More and more investors are calling for central banks to remove their inflation targets. However, this would be a mistake, according to Jeremy Lawson, chief economist at Aberdeen Standard Investments. Doing so would make it harder for central banks to navigate downturns. There are growing calls for central banks to reduce their emphasis […]
The pound has struggled to climb against the euro as recent data shows inflation has reached a five year high. It is currently trading at €1.121, dropping from yesterdays figures of €1.129. The newest data revealed inflation is to peak at 3.1 per cent in October, after increasing from 3 per cent in September. Figures […]
Published time: 10 Nov, 2017 13:42 Edited time: 10 Nov, 2017 13:43 Prices in Russia are rising at their slowest pace this year since the collapse of the Soviet Union. The first week of November saw inflation further slow. Read more Since October 24 to November 7 prices in Russia did not rise at all, […]
