Prior +3.2%HICP +3.4% vs +3.4% y/y prelimPrior +3.3%The positive news is that core annual inflation is seen easing to 2.9%, down from 3.3% in the month before. The hope for the ECB will be for this trend to continue through to year-end. But we'll have to see, especially since monthly core prices have been on the up.
USD/JPY barely moving after this data.The PPI is also referred to as the Corporate Goods Price Index, its published by the Bank of Japan. ---The Producer Price Index (PPI) in Japan is also known as the Corporate Goods Price Index (CGPI)its a measure of the average change over time in the selling prices received by domestic producers for their outputis calculated by the Bank of JapanUnlike the Consumer Price Index (CPI), which measures the price change that consumers see for a basket of goods and...
Whether you're prepping to hop on a flight or sit in the car for far-too-many hours, you might just want some of these essentials.View Entire Post ›
From the grocery store to the gas station, budgets are getting tighter across America as inflation cools ever so slowly.
From the grocery store to the gas station, budgets are getting tighter across America as inflation cools ever so slowly.
After last week's historic record highs, markets (^DJI, ^IXIC, ^GSPC) are patiently waiting on the minutes from the most recent Federal Reserve meeting. Chip giant Nvidia (NVDA) is set to report its first-quarter earnings on Wednesday, May 22. Lastly, chief US retailers, among them Macy's (M) and Target (TGT), are also expected to report their latest earnings throughout this trading week. For more expert insight and the latest market action, click here to watch this full episode of Morning...
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Economists had forecast a 0.3 percent increase in the month-t0-month figure and a 3.4 percent rise over 12 months. | Economy
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