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Economics Gazette

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November 14, 2019

CPI

Production prices

Eurozone production prices rose in December 2017

The Eurozone production prices in December 2017 rose by 0.2% on a monthly basis, shows the latest data from the European Statistical Office Eurostat. In the European Union (EU) as a whole, the increase is 0.1%. In November, producer price growth both in the Eurozone and in the EU was much faster than in the

German inflation

German inflation slows down in January

The German inflation slows down in January on an annual basis to 1.6%, down 1.7%, according to a preliminary estimate of the German Federal Bureau of Statistics. On a monthly basis Germany report a deflation of 0.7% against a preliminary expectations or negative inflation of 0.5%. By comparison, in December, consumer prices rose by 0.6%.

Eurozone inflation

Eurozone inflation rate slows slightly in January

The Eurozone inflation rate is expected to slow slightly in January to 1.3% from the previous month when it was at 1.4%, according to the preliminary estimates of the European Statistical Office Eurostat. Despite a slight slowdown, however, the growth remained above expectations of analysts predicting the rise in prices was 1.2%. The Euro depreciated

Jeffrey Franks

The European inflation remains weak according to the IMF

The European Union reports stronger economic growth and all 28 countries are expanding positively for the first time in a decade. This is very good news for the European economy, but inflation is still relatively weak, revealed the IMF Director for Europe, Jeffrey Franks. “We also have the extraordinary incentives that support this growth”, added

Venezuela

Inflation in Venezuela set for a new record

Even if anyone ever had any doubts that Venezuela was in a spiral of inflation, it had disappeared. The price of a cup of coffee in the Bloomberg’s index Cafe Con Leche has risen several times in the last 12 weeks. As Caracas stopped publishing even basic economic data, the publication set up its own

Eurozone consumer price growth

Eurozone consumer price growth reached 1.4% in December 2017

The Eurozone consumer price growth in December 2017 reached 1.4% yoy, from 1.5% in the previous month, according to revised data confirming previous reading. The rate of increase in prices is mainly declining for energy and unprocessed foods. The growth slows down mainly due to cheaper phone calls, clothes and vegetables. On an annual basis,

UK inflation

UK inflation declined to 3% in December 2017

The UK inflation declined to 3% in December 2017 from 3.1% a month earlier. The United Kingdom National Statistics Office explained that, despite the increase in air travel charges, this had a much smaller effect than it was for the same period in 2016. The decreasing toy and toy prices in December also contributed to

US consumer prices

US consumer prices rose by 2.1% in December 2017

The US consumer prices rose by 2.1% yoy in December 2017, which represents 2.2% decline in inflation over a month earlier. The data turned out to be lower than expected in November, mostly due to a slowdown in fuel price growth. On an annual basis, the fuel prices rose slightly to an increase of 6.9%.

Japanese inflation

Japanese inflation is rising in November 2017

Japanese inflation is rising, raising hopes that the country’s economic recovery will help the central bank (Bank of Japan) to achieve its long-elusive mission of 2% annual inflation. The central bank’s study, however, shows that more and more households in the country are expecting an increase in their spending due to rising inflation. The higher

global food prices

High demand is expected to support global food prices in 2018

High demand is expected to support global food prices in 2018, although the political situation in oil producing countries and international trade talks may cause more instability, according to the UN Food and Agriculture Organization. The global food prices rose by 8.2% in 2017 compared to the previous year, reaching its highest annual value since

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