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Govt has taken several initiatives to bring down prices: Hafeez Shaikh

ISLAMABAD: Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh said the federal government has taken several initiatives to bring down the prices of various commodities. “The inflation rate in the country would start receding soon which would gradually come down to comfortable level,” the finance adviser said. “The nation will see that soon the prices start ... Read More »

Russian tax plan could put pressure on budget, inflation

MOSCOW: A Russian finance ministry proposal to overhaul the tax system could create a budget shortfall and put upward pressure on inflation, Tatiana Golikova, the head of Russia´s Audit Chamber, told Reuters in an interview. The ministry has proposed cutting employers´ mandatory social security contributions with the aim of enticing businesses out of the shadow economy.To offset that, it proposes ... Read More »

South African consumer price inflation rise to 4.7% YoY in June

CAPE TOWN: The upward march in consumer inflation decelerated in June thanks to slowing food and vehicle prices, but many economists do not expect this to prevent the Reserve Bank from hiking the repo rate at Thursday’s monetary policy committee (MPC) meeting. Headline consumer price inflation (CPI) rose to 4.7% year on year in June from 4.6% in May, below ... Read More »

Euro zone inflation stable at 0.2%, still far off ECB target

BRUSSELS: Euro zone inflation was unchanged in July as a further decline of energy prices negated the impact of more expensive industrial goods and services, leaving the European Central Bank with more work to do to push up prices. The European Union’s statistics office Eurostat said on Friday that consumer prices in the 19 countries sharing the euro rose by ... Read More »

Netherlands inflation remains negative at -0.1% despite monthly rise in prices

AMSTERDAM: Consumer prices have begun to rise again even though the State’s annual inflation rate remains negative. The latest Consumer Price Index (CPI) suggests prices rose by 0.3 per cent in June on the back of price hikes in transport, hotels and restaurants. However, the annualised rate of inflation remains at -0.1 per cent. The State’s headline inflation rate has ... Read More »

South Africa Inflation expectations for 2015 rise to 5.6%, BER survey shows

CAPE TOWN: Inflation expectations increased in the second quarter, which the Reserve Bank’s monetary policy committee (MPC) is likely to be concerned about. The MPC deliberates on inflation expectations during its meetings and higher inflation expectations are considered an indication of rising future inflation — one of the factors supporting an interest rate increase. The Bureau for Economic Research (BER) ... Read More »

Finland’s Inflation stands -0.2% in April, remains stagnant in May

HELSINKI: The inflation stood at -0.2 per cent in April. The slight rise in inflation was influenced, for example, by increases in maintenance charges, rents, and consumer prices of tobacco from one year ago. Consumer prices were raised in May by increases in maintenance charges, rents and tobacco prices from one year ago. Compared to one year ago, the biggest ... Read More »

UK’s inflation rate turns positive in May after one month

LONDON: Transport costs helped the UK’s inflation rate turn positive in May after one month of negative inflation. Inflation, as measured by Consumer Prices Index (CPI), rose to 0.1% in May, up from -0.1% in April. The biggest contribution to the rise came from transport, notably air fares, the Office for National Statistics said. In April, CPI inflation turned negative ... Read More »

German inflation rises 0.7% in May

BERLIN: Consumer prices in Germany keep rising but they are still way below annual inflation targets, new data has shown. An uptick in May indicated that the ECB’s bond-purchasing program was finally impacting eurozone nations. German inflation rose 0.7 percent in May on the year, data from Germany’s Federal Statistical Office, Destatis, said Monday. It was the highest increase in ... Read More »

UK’s inflation rate turn positive in May after one month of negative inflation

LONDON: Transport costs helped the UK’s inflation rate turn positive in May after one month of negative inflation. Inflation, as measured by Consumer Prices Index (CPI), rose to 0.1% in May, up from -0.1% in April. The biggest contribution to the rise came from transport, notably air fares, the Office for National Statistics said. In April, CPI inflation turned negative ... Read More »

Polish Inflation remains at -0.9% in May 2015

WARSAW: Poland’s inflation rate stood at -0.9 percent in May, compared with May 2014, the Central Statistical Office (GUS) reported. On a monthly basis, the prices in Poland have not changed. Experts surveyed by Polish Press Agency (PAP) expected the rate to stand at -0.7 percent year-on-year and totaled 0.2 percent month-on-month. Read More »

South African Producer inflation remains slow in April 2015

CAPE TOWN: Producer inflation slowed unexpectedly last month compared with a year ago as food prices, which make up 25% of the producer inflation basket, rose at a slower pace. Despite producer inflation for final manufactured goods having moderated slightly to 3% year on year from 3.1% in March, economists expect it and consumer inflation to accelerate in coming months ... Read More »

UK slips into deflation for first time as prices fall 0.1%

LONDON: The UK has officially slipped into deflation for the first time in more than half a century, but economists and policy makers are not concerned, saying that a brief period of gently falling prices is more likely to help growth than harm it. The UK has been teetering on the brink of deflation for several months because of the ... Read More »

UK inflation turns negative for first time since 1960

LONDON: UK Consumer Prices Index (CPI) inflation turned negative in April for the first time on record, falling to -0.1%, official figures show. It is the first time CPI has turned negative since 1960, based on comparable historic estimates, the Office for National Statistics said. The biggest contribution to the fall came from a drop in air and sea fares. The ... Read More »

Finnish Inflation falls to -0.2% in April 2015

HELSINKI: The year-on-year change in consumer prices fell to -0.2 per cent in April, according to Statistics Finland’s data. The inflation stood at -0.1 per cent in March. Compared to April 2014, inflation remained negative due to fallen prices of liquid fuels, detached houses and interest rates, the data show. Consumer prices rose in April most by increases in rents, ... Read More »

Finnish Inflation falls to -0.2% in April 2015

HELSINKI: The year-on-year change in consumer prices fell to -0.2 per cent in April, according to Statistics Finland’s data. The inflation stood at -0.1 per cent in March. Compared to April 2014, inflation remained negative due to fallen prices of liquid fuels, detached houses and interest rates, the data show. Consumer prices rose in April most by increases in rents, ... Read More »

MNB underlies inflation indicators rise 1.2% in April 2015

BUDAPEST: All three of the National Bank of Hungary’s (MNB) “underlying measures of inflation” rose in April, data published by the central bank on today reveal. The indicator for core inflation, excluding indirect tax effects, was 1.2% in April 2015, edging up from 1.0% in March 2015. The indicator for demand-sensitive inflation, which excludes processed foods from core inflation, rose ... Read More »

MNB underlies inflation indicators rise 1.2% in April 2015

BUDAPEST: All three of the National Bank of Hungary’s (MNB) “underlying measures of inflation” rose in April, data published by the central bank on today reveal. The indicator for core inflation, excluding indirect tax effects, was 1.2% in April 2015, edging up from 1.0% in March 2015. The indicator for demand-sensitive inflation, which excludes processed foods from core inflation, rose ... Read More »

Hungary’s MNB inflation indicators rise to 1.2% in April

BUDAPEST:  All three of the National Bank of Hungaryʼs (MNB) “underlying measures of inflation” rose in April, data published by the central bank on today reveal. The indicator for core inflation, excluding indirect tax effects, was 1.2% in April, edging up from 1.0% in March. The indicator for demand-sensitive inflation, which excludes processed foods from core inflation, rose to 1.9% ... Read More »

Turkey inflation climbs to 7.9 percent in April

ANKARA: Turkey’s local-currency bonds, already the worst performing emerging-market debt, may post further losses as inflation accelerates and the central bank’s ability to respond is constrained by politics. Powered by rising food prices, inflation climbed to 7.9 percent in April, exceeding economists’ estimates. The lira weakened and the yield on two-year government bonds surged near a one-year high after the ... Read More »