Latest news with #consumerpriceindex
Yahoo
a day ago
- Business
- Yahoo
China's Downward Price Pressures Deepened in May
China's producer-price index dropped 3.3% from a year earlier, widening from April's 2.7% decline and keeping the gauge in negative territory for more than two years, data released by the National Bureau of Statistics showed Monday. A poll of economists by The Wall Street Journal had predicted a 3.2% drop. Meanwhile, the consumer-price index declined 0.1% from a year earlier in May, matching the fall seen in the prior month and marking a fourth straight month of decline.
Bloomberg
22-05-2025
- Business
- Bloomberg
UK to Weigh CPI Data Overhaul to Better Gauge Inflation's Path
The UK is poised to consider overhauling its monthly consumer price index figures to smooth out seasonal swings, according to people familiar with the matter, a step that would help the Bank of England and investors better gauge the shifts in inflation pressures. The Office for National Statistics is planning to launch a consultation in the coming months on whether to create seasonally adjusted month-on-month inflation figures, said the people, who asked not to be named. Countries like the US and France already use that technique to remove the volatility caused by price changes that routinely happen at particular times of the year.
Bloomberg
14-05-2025
- Business
- Bloomberg
Where Were You in '82? This Rally Is There Again
To get John Authers' newsletter delivered directly to your inbox, sign up here. It's a good sign when inflation data no longer seem to matter that much. The latest readout of the US consumer price index, with a headline rise of 2.3%, was indeed comfortingly dull. In April, when import tariffs briefly hit their highest rates in more than a century, steady disinflation continued as though nothing had happened. This was the third month in succession that inflation declined and came in below expectations.
Bloomberg
14-05-2025
- Business
- Bloomberg
Gold Holds Gain as Soft US Data Reinforces Fed Rate-Cut Bets
Gold held a small gain after US inflation data came in weaker-than-expected, spurring traders to shore up bets on interest rate cuts by the Federal Reserve. Bullion traded near $3,255 an ounce, after advancing 0.4% in the previous session following a report that showed the consumer price index softened in April. The print suggested there's been little urgency by companies to pass along the cost of higher tariffs to consumers, following several crippling trade measures from President Donald Trump.
Bloomberg
13-05-2025
- Business
- Bloomberg
The Tariff U-Turn Came Just in Time for the Economy
President Donald Trump may have dialed back his tariff experiment just in time — at least if the April economic data is any indication. A report Tuesday showed that the consumer price index rose just 2.3% in April from a year earlier, less than economists had expected and the coolest year-over-year pace since early 2021. That added to labor market data showing that firms have mostly refrained from large-scale layoffs in the face of the tariff threat, even though hiring has been anemic. In essence, Trump reversed course on his destructive tariff policy before it demonstrably upset the apple cart.
