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Eurozone Inflation Steady; China Surprises at 0.5%
High-Impact Data Eurozone Harmonized Index of Consumer Prices (HICP YoY for July 2024): The Eurozone’s inflation came in at 2.6% year-on-year for July, in line with expectations. (DailyForex). China’s Inflation Rate (YoY for July 2024): China reported a year-on-year inflation rate of 0.5% for July, surpassing the consensus forecast of 0.3%. This marks a slight improvement from June’s 0.2%,…
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China's Inflation Steady,Fed Rate Decision UK GDP Stagnates, US Inflation Awaited
Fed Rate Decision At 02:30, China reported Inflation Rate YoY for May. The figure was 0.3%, steady with the last reading and the market forecast, and a bit below the market expectation of 0.4%. So, a steady inflation rate keeps an even economic environment in China, with no immediate sign of rising inflationary pressure. In the United Kingdom: At 07:00 AM, the UK released the GDP MoM for April,…
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China’s consumer prices rose at a slower pace in September, according to the latest data from the country’s consumer price index (CPI). The CPI increased by 2.9% year-over-year, down from 3.1% in August and below analyst expectations of 3%. This indicates that inflationary pressures in China are easing, but still remain a concern for policymakers. […]
China's Prices Rise Slower, Factories Struggle: What It Means for the Economy #Chinainflation #ConsumerPriceIndex
