According to Brunei’s Ministry of Economy and Finance, the Consumer Price Index (CPI), a key measure of inflation on consumer spending, experienced a 0.5% decline in April compared to the previous month. The drop in the CPI can be primarily attributed to a decrease in food prices during the period. This downward trend in food […]
Brunei Reports 0.5% Decrease in April Inflation, Driven by Food Price Decline Read More »
May statistics from the Statistical Office of Lao PDR have revealed a slowdown in inflation, with the figure standing at 38.86 percent compared to the previous year. The country experienced a peak in inflation at a record high of 41.26 percent in February. However, there has been a gradual decline since then, with inflation rates
Inflation in Lao PDR Slows to 38.86% in May, Reports Statistical Office Read More »
China’s National Bureau of Statistics (NBS) has revealed that the country’s Consumer Price Index (CPI) experienced a modest increase of 0.2 percent year on year in May. While this represents a slight improvement compared to April’s 0.1 percent gain, it fell short of analysts’ expectations of a 0.3 percent increase. Following the 2 percent growth
China Reports Weaker-than-Expected May Inflation Figures Read More »
The Bank of Canada made a decisive move at its meeting on Wednesday (June 7) by raising its policy interest rate by 0.25 percentage points to 4.75%, reaching the highest level seen in 22 years. This decision reflects the central bank’s growing concerns that inflation may persist above its 2% target for an extended period,
The governor of the Netherlands Bank has commended the European Central Bank (ECB) for its efforts in curbing inflationary pressures within the eurozone. According to the central bank governor, while the ECB continues to face challenges in reducing core inflation, its monetary policy is already showing signs of impact. However, caution must be exercised when
Netherlands Bank Governor Hails ECB’s Inflation-Fighting Policy as Effective Read More »
Thailand’s headline inflation rate reached a 21-month low in May, driven by lower energy and food prices, as well as a high base from the previous year, according to the Commerce Ministry’s latest report on Tuesday. The consumer price index (CPI) for headline inflation rose by a modest 0.53% in May compared to the same
Inflation in May Hits Lowest Level in 21 Months in Thailand Read More »
The annual inflation rate in the Philippines saw a decline for the fourth consecutive month in May, primarily driven by slower increases in the transport, food, and non-alcoholic beverage indices, according to the Bureau of Statistics. The Consumer Price Index (CPI) rose by 6.1% in May compared to the same period last year. This figure
Indonesia’s annual inflation rate dropped to 4 percent in May, reaching the upper end of the central bank’s target range earlier than anticipated, according to data from the Bureau of Statistics released on Monday. In Southeast Asia’s largest economy, inflation had exceeded the Bank of Indonesia’s (BI) target range of 2% to 4% since June
Indonesia’s Inflation Returns to Central Bank’s Target Range in May Read More »
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
South Korea’s CPI Slows for Fourth Consecutive Month, Indicating Inflation Past its Peak Read More »
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
Eurozone Inflation Drops More Than Expected to 6.1% in May as Pressures Ease Read More »