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Tokyo Consumer Prices Signal Rise in Japan-Wide Inflation
Tokyo Consumer Prices Signal Rise in Japan-Wide Inflation

Wall Street Journal

time5 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.

Northern Ireland house prices rise by 10% at start of year
Northern Ireland house prices rise by 10% at start of year

BBC News

time21-05-2025

  • Business
  • BBC News

Northern Ireland house prices rise by 10% at start of year

House prices in Northern Ireland rose by an annual rate of almost 10% in the first quarter of average price was just over £185,000 compared to £169,000 in the same period last year, according to official a quarterly basis prices rose 1% from £183,000 in the fourth quarter of increase in stamp duty in April is likely to have boosted the market in the first quarter of this year as buyers rushed to complete transactions before the change. Stamp duty is a tax on property transactions which is set at different rates depending on the value of the until April stamp duty did not apply to houses worth up to £250,000 but that threshold has now been dropped to £125, in interest rates may also have boosted the market as lower rates mean people can afford to borrow rose in all local council areas on an annual basis, ranging from 5.2% in Mid Ulster to more than 15% in Causeway Coast and average price in Causeway Coast and Glens is now above £200,000, the first time it has been at that level since the peak of Northern Ireland's housing bubble in highest average price is £221,000 in Lisburn and Castlereagh, the lowest is £165,000 in Mid and East price rises were also recorded across all property types ranging from 8% for detached houses to almost 11% for terraces.

China property investment falls 10.3% y/y in January-April
China property investment falls 10.3% y/y in January-April

Reuters

time19-05-2025

  • Business
  • Reuters

China property investment falls 10.3% y/y in January-April

BEIJING, May 19 (Reuters) - Property investment in China fell 10.3% in the first four months of 2025 from a year earlier, following a drop of 9.9% in the first quarter, official data showed on Monday. Property sales by floor area shrank 2.8% in January-April from the previous year, after declining 3.0% in the first three months. New construction starts measured by floor area were down 23.8%, versus a 24.4% slump in January-March. Funds raised by China's property developers fell 4.1%, following a 3.7% drop in the first quarter.

Philippines Q1 GDP grows 5.4% y/y, below expectations
Philippines Q1 GDP grows 5.4% y/y, below expectations

CNA

time08-05-2025

  • Business
  • CNA

Philippines Q1 GDP grows 5.4% y/y, below expectations

MANILA : The Philippine economy grew by an annual 5.4 per cent in the first quarter of 2025 from a year earlier, official data showed on Thursday, a similar pace to the previous quarter's 5.3 per cent expansion. Economists in a Reuters poll had expected growth of 5.7 per cent. On a seasonally adjusted basis, the economy grew 1.2 per cent quarter-on-quarter, below the median forecast of 1.6 per cent in a Reuters poll of economists.

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