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Economics Gazette

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December 14, 2017

CPI

US producer prices

US producer prices are rising in November 2017

The US producer prices are rising in November 2017 after the cost of gasoline and other commodities has increased. The Labor Ministry’s report shows accelerating pressure on wholesale prices, which may reduce fears of holding back low inflation. The producer price index for final demand rose by 0.4% last month, marking a third strong month.

UK inflation accelerates

UK inflation suddenly accelerated in November 2017

The UK inflation suddenly accelerated in November to the highest level of five and a half years. The consumer prices are up by 3.1% year-on-year, encouraged by more expensive airline tickets and computer games, according to data from the National Statistics Service. The inflation rate is the highest since March 2012. The fact that it

Inflation in Turkey

Inflation in Turkey accelerated to 12.98% in November 2017

The inflation in Turkey accelerated to 12.98% in November 2017, growing from 11.9% in the previous month. The index reached the maximum level for the past 14 years – since 2003, shows the official data. The consumer prices rose by 1.49% in November against a 2.08% rise in October. The core inflation, which is excluding

US consumer prices

US consumer prices rose slightly in October 2017

US consumer prices rose slightly in October 2017 after the boom in gasoline prices due to turbulence in oil refineries in the Gulf of Mexico. At the same time, however, rising rents and healthcare spending have boosted base inflation. The poor inflation, however, helps to strengthen consumer spending. The other figures presented on Wednesday showed

UK inflation

UK inflation remains at a 5-year high in October 2017

UK inflation remains at a 5-year high in October 2017, as the cheaper transport fuel compensated the rising food prices. The consumer prices are up 3% yoy in October, keeping the trend from the previous month, according to data from the National Statistical Service. The analysts rxpectations were for acceleration to 3.1%. The rise in

Jurgen Stark

ECB must adopt a lower inflation target

The European Central Bank (ECB) should abandon its inflation target and accept less rigorously as the current policy objective distorts the markets and risks normalizing interventions, according to the bank’s former chief economist, Jurgen Stark. He warned that the ECB’s ultra-blunt policy has pushed bond, stock and real estate prices to levels that do not

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