Latest news with #consumerinflation
CNA
2 hours ago
- Business
- CNA
South Korea May inflation weakest in 5 months, below forecast
SEOUL :South Korea's consumer inflation slowed in May to the weakest pace in five months, government data showed on Wednesday, coming in below market expectations. The consumer price index rose 1.9 per cent in May from a year earlier, after rising 2.1 per cent in April, according to Statistics Korea. It was the weakest since December 2024 and lower than the median 2.1 per cent rise tipped in a Reuters poll of economists. The Bank of Korea lowered interest rates last week for a fourth time in its current easing cycle to support an economic recovery clouded by U.S. tariffs, with four of its seven board members open to more cuts in the next three months.
Reuters
2 hours ago
- Business
- Reuters
South Korea May inflation weakest in 5 months, below forecast
SEOUL, June 4 (Reuters) - South Korea's consumer inflation slowed in May to the weakest pace in five months, government data showed on Wednesday, coming in below market expectations. The consumer price index rose 1.9% in May from a year earlier, after rising 2.1% in April, according to Statistics Korea. It was the weakest since December 2024 and lower than the median 2.1% rise tipped in a Reuters poll of economists. The Bank of Korea lowered interest rates last week for a fourth time in its current easing cycle to support an economic recovery clouded by U.S. tariffs, with four of its seven board members open to more cuts in the next three months.
Wall Street Journal
5 days ago
- Business
- Wall Street Journal
Tokyo Consumer Prices Signal Rise in Japan-Wide Inflation
TOKYO—Consumer inflation in the Tokyo metropolitan area picked up in May, signaling persistent price pressures nationwide. Excluding fresh food, consumer prices in Tokyo rose 3.6% in May from a year earlier as food prices continued to rise, official data showed Friday. That compared with April's 3.4% increase and the 3.5% growth expected in a poll of economists by data provider Quick.
Reuters
21-05-2025
- Business
- Reuters
Ghana's central bank to assess interest rate impact on inflation, says governor
ACCRA, May 21 (Reuters) - Ghana's central bank will assess whether its current monetary policy stance is enough to continue driving consumer inflation lower, governor Johnson Asiama said on Wednesday. The Bank of Ghana raised its interest rate (GHCBIR=ECI), opens new tab in a surprise decision in March after a marginal decline in inflation in February. However, the bank said it would later reassess the scope for monetary policy easing. In opening remarks of the bank's monetary policy committee meeting ahead of a rate decision expected on Friday, Asiama said multiple factors such as the foreign exchange rate and market confidence would be considered by committee members. "As we approach our deliberations, we must carefully assess whether the current monetary policy stance remains adequate to drive disinflation without undermining the fragile growth momentum," Asiama said. "The inflation outlook, while improving, remains vulnerable to second-round effects," he added. Consumer price inflation slowed for a fourth month in a row in April, to 21.2% year on year from 22.4% in March. It remains well above the Bank of Ghana's targets of 8% with a margin of error of 2 percentage points. Asiama said that inflation continued to be affected by food supply constraints in northern Ghana and in the Sahel region, while commodity prices are affected by volatile global markets.
Reuters
16-05-2025
- Business
- Reuters
US equity funds draw first inflow in five weeks on tariff deal optimism
May 16 (Reuters) - U.S. equity funds attracted inflows for the first time in five weeks in the week through May 14 as optimism over progress in tariff negotiations and easing concerns about rising consumer prices lifted investor sentiment. According to LSEG Lipper data, investors bought a net $12.86 billion worth of U.S. equity funds, which marked their first weekly net purchase since April 9. Following the 90-day U.S.-China tariff truce reached on Monday, investors now anticipate that Washington will move toward agreements to roll back steep tariffs. Softer-than-expected U.S. consumer inflation data for April further eased concerns about tariff-driven price pressures. Large-cap U.S. equity funds attracted $5.06 billion in net inflows, partially reversing $13.6 billion in outflows recorded the previous week. Small-cap funds also saw net purchases of $1.05 billion, while mid-cap funds registered net redemptions of approximately $650 million. U.S. sector equity funds pulled in $2.77 billion, marking the strongest weekly inflow since January 29. The financial, industrial, and healthcare sectors led the charge, with inflows of $596 million, $559 million, and $475 million, respectively. U.S. bond funds posted a robust $10.14 billion in net inflows—the largest weekly total since July 17, 2024. General domestic taxable fixed income funds received $3.09 billion, their biggest weekly intake since February 5. Short-to-intermediate investment-grade and mortgage bond funds drew $1.76 billion and $1.43 billion, respectively, while short-to-intermediate government and Treasury funds saw net outflows of $2.15 billion. Meanwhile, U.S. money market funds experienced $9.43 billion in net outflows, following $28.8 billion in inflows the previous week.
