inflation – NATURALDEPOSIT

South Korea’s November Inflation Climbs to 3.3% on Agricultural Price Surge

The South Korean National Bureau of Statistics disclosed a sustained surge in the Consumer Price Index (CPI) for the fourth consecutive month, exceeding 3%, primarily driven by escalating agricultural prices, despite a decline in oil product prices. According to the report, the CPI index for November reached 112.74, marking a 3.3% increase compared to the …

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Switzerland Witnesses Unexpected Slowdown in November Inflation, Lowest in Two Years

News

Contrary to prevailing expectations, Switzerland experienced a notable deceleration in inflation during November, marking its most sluggish pace in two years. This unexpected trend presents a compelling case for officials at the Swiss Central Bank (SNB) to consider maintaining the policy rate in the upcoming week’s meeting. According to the Swiss Statistics Office’s report today …

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Turkish Inflation Peaks at 61.98% in November, Marking the Year’s Steepest Surge

News

Turkey witnessed a staggering surge in its annual inflation rate, hitting an alarming 61.98% in November, marking the highest level attained this year. The Turkish Statistical Institute’s data revealed that this uptick stemmed predominantly from the escalating costs of food items and transportation. The Consumer Price Index (CPI) reached figures nearly aligned with a Reuters …

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Eurozone CPI Rises by 2.4% in November, Falls Short of Projections

News

The European Union’s statistical authority, Eurostat, revealed that the Eurozone’s Consumer Price Index (CPI) for November marked a year-on-year increase of 2.4%. This figure signifies a decline from October’s 2.9% and notably falls below analysts’ projections, which had estimated a level of 2.7%. Within the detailed breakdown, the core CPI, excluding volatile components such as …

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Euro Dips as ECB Eyes Interest Rate Reduction Amidst Subdued Inflation

News

The euro witnessed a decline against both the dollar and the yen amidst growing anticipations of a forthcoming interest rate cut by the European Central Bank (ECB) in response to lower-than-expected inflation figures within the Eurozone. The euro weakened by 0.59%, settling at $1.09, and experienced a 0.18% drop against the yen, reaching 161.20 yen. …

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Thai Economy Bolstered by Exports and Tourism in October; Inflation Shows Decline

News

The Director of the Fiscal Policy Office (FPO) unveiled a positive trajectory for the Thai economy in October 2023, citing robust support from expanding merchandise exports, ongoing growth in the tourism sector driven by both foreign tourists and local visitors, and a continued downtrend in the inflation rate. The Thai economy received a notable boost …

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Australian Inflation Decelerates, Indicating Potential Halt in Interest Rate Hikes by RBA

News

Australia witnessed a slowdown in its inflation rate for October, marking a departure from two consecutive months of upward movement. This development lends credence to the likelihood that the Reserve Bank of Australia (RBA) may commence phasing out its series of interest rate hikes in the upcoming week. Data released by the Australian Bureau of …

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Bank of New Zealand Holds Rates at 5.5% but Hints at Future Increase Amid Inflation Concerns

News

The Reserve Bank of New Zealand (RBNZ) has opted to maintain its policy interest rate at 5.5%, aligning with market forecasts. This decision marks the fourth consecutive meeting where the rate has remained unchanged. However, the RBNZ’s announcement hinted at the likelihood of future rate hikes in response to persistently high inflation. Following the meeting, …

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People’s Bank of China Affirms Commitment to Supportive Monetary Policy as Inflation Expected to Inch Up

News

Governor Pan Gongsheng of the People’s Bank of China reiterated the institution’s dedication to maintaining an accommodative monetary policy during a meeting held by the Hong Kong Monetary Authority and the Bank for International Settlements (BIS) today. Gongsheng emphasized that China’s central bank will persist with its monetary easing strategy, anticipating a marginal uptick in …

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Japanese Inflation Hits 2.9% in October, Continues Above BOJ Target for 19th Consecutive Month

News

Japan’s latest inflation figures reveal a persistent upward trend, with the Core Consumer Price Index (Core CPI) registering a 2.9% year-on-year surge in October, marking the 19th consecutive month above the Bank of Japan’s (BOJ) 2% target. The recent government data disclosed that the Core CPI, excluding food prices, saw a steady climb, escalating from …

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