Euro zone prices dip to 8.5% as ECB flags rate hiking not over.
All eyes on the latest inflation numbers out of the euro zone as market players consider what the ECB will do next. Bloomberg | Bloomberg | Getty Images New data out of the euro zone on Thursday suggested that inflation is taking a while to come down significantly, raising prospects of further rate hikes in […]
UK house prices suffer biggest fall in more than a decade as higher interest rates bite
UK house prices registered the largest decline in more than a decade last month as higher interest rates and the wider cost of living crisis hit demand, according to a closely watched survey. Property prices fell 1.1 per cent in February compared with the same month last year, the biggest drop since November 2012, and […]
What if new housing does not reduce housing prices?
Almost all economists believe that a policy change that encourages the building of more housing will tend to reduce housing prices. That’s what the laws of supply and demand seem to predict. There are empirical studies supporting this claim. And yet, according to Bloomberg many people do not seem to accept the obvious: In a working […]
Wholesale prices fell 0.5% in December, much more than expected; retail sales fall
Prices for wholesale goods and services fell sharply in December, providing another sign that inflation, while still high, is beginning to ease. The producer price index, which measures final demand prices across hundreds of categories, declined 0.5% for the month, the Labor Department reported Wednesday. Economists surveyed by Dow Jones had been looking for a […]
UK inflation falls for second consecutive month as fuel prices ease
UK inflation slowed for the second consecutive month in December after it hit a 41-year peak in October suggesting the price surge has peaked. The annual rate of consumer price inflation declined to 10.5 per cent in December, from 10.7 per cent in November and further below the 41-year high of 11.1 per cent in […]
Prices fell 0.1% reflecting a slowdown for inflation
Inflation closed out 2022 in a modest retreat, with consumer prices in December posting their biggest monthly decline since early in the pandemic, the Labor Department reported Thursday. The consumer price index, which measures the cost of a broad basket of goods and services, fell 0.1% for the month, in line with the Dow Jones […]
Prices rose less than expected, up 7.1% year ago
Prices rose less than expected in November, the latest sign that the runaway inflation that has been gripping the economy is beginning to loosen up. The consumer price index, which measures a wide basket of goods and services, rose just 0.1% from the previous month, and increased 7.1% from a year ago, the Labor Department […]
Wholesale prices rose 0.3% in November, more than expected, despite hopes inflation is cooling
Wholesale prices rose more than expected in November as food prices surged, dampening hopes that inflation could be headed lower, the Labor Department reported Friday. The producer price index, a measure of what companies get for their products in the pipeline, increased 0.3% for the month and 7.4% from a year ago, which was the […]
