inflation

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South Korea’s CPI Slows for Fourth Consecutive Month, Indicating Inflation Past its Peak

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According to the latest data released by South Korea’s National Statistical Office, the country’s Consumer Price Index (CPI) shows a continued slowdown in inflation for the fourth consecutive month, suggesting that inflationary pressures in South Korea have reached their peak. In May, the CPI rose by 3.3% on a year-on-year basis, indicating a deceleration from …

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Eurozone Inflation Drops More Than Expected to 6.1% in May as Pressures Ease

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Preliminary data reveals that inflation in the Eurozone experienced a larger-than-expected decline in May. Headline inflation dropped to 6.1% from 7% in April, marking the lowest figure since February 2022 and exceeding the anticipated decline of 6.3%. Furthermore, the core inflation rate, which excludes energy and food prices, also decreased to 5.3% in May, falling …

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France’s May Inflation Falls More Than Expected as Energy and Service Prices Slow

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Inflation in France experienced a greater-than-anticipated decline in May, with energy and service prices contributing to the slowdown. However, the overall inflation level still surpasses the European Central Bank’s (ECB) target. Data released by France’s National Statistical Office (Insee) reveals that the country’s consumer price index (CPI) increased by 5.1 percent in May, compared to …

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Australian April Inflation Surges to 6.8%, Anticipating Central Bank Interest Rate Hike Next Month

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The Australian Bureau of Statistics (ABS) has released data showing that the Consumer Price Index (CPI) has surpassed analysts’ expectations, primarily due to increasing fuel and housing prices. The rapid acceleration of inflation is anticipated to continue exerting pressure on the Reserve Bank of Australia (RBA). According to the ABS, the April CPI surged by …

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British Retail Sales in April Exceed Expectations Despite Rising Inflation

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The Office for National Statistics (ONS) has released data on UK retail sales in April, revealing stronger-than-expected growth and indicating robust consumer spending. This comes as a positive sign, despite the backdrop of rising inflation. According to the ONS, retail sales in April showed a month-on-month increase of 0.5%, surpassing the 1.2% decline witnessed in …

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Bank of Indonesia Maintains Interest Rates Amid Signs of Slowing Inflation

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The Central Bank of Indonesia (BI) has announced its decision to keep the 7-day reverse repurchase rate, the country’s policy rate, unchanged at 5.75%. This marks the fourth consecutive meeting in which BI has opted to hold interest rates steady. The decision aligns with analysts’ expectations and comes as BI anticipates a continued deceleration in …

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Central Bank of Nigeria Implements Interest Rate Hike to Tackle Soaring Inflation

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The Central Bank of Nigeria convened a monetary policy meeting, resulting in a decision to raise interest rates by 0.50% to 18.50% as part of an effort to combat the prevailing issue of high inflation in the country. Nigeria, the largest nation in Africa, has been grappling with the persistent challenge of soaring inflation. In …

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UK Inflation Dips Below 10% in April, Reflecting Decreasing Energy Costs

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The latest data from the Office for National Statistics (ONS) reveals a sharp decline in UK inflation during April, as energy prices decreased. According to the ONS, the Headline Consumer Prices Index (CPI) dropped to 8.7% year-on-year in April, marking a significant decrease from the 10.1% recorded in March. However, the figure remained slightly higher …

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UK Grocery Price Inflation in May Reaches 17.2%, Near Record High

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According to market research firm Kantar, grocery inflation in the UK witnessed a slight decrease for the second consecutive month in May, but remained near record highs. This offers little relief to consumers who continue to grapple with the ongoing cost of living crisis. The data reveals that annualized grocery price inflation stood at 17.2% …

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