Despite the rebound in the United States, inflation continues overall to slow in the G7 countries and in the euro area as a whole.
In Japan, keeping consumer prices above 2% will remain complicated in the short term, due to the loss of momentum observed this winter: inflation rebounded in February due to base effects, but the 3m/3M annualised rate fell back to 1.3%. The decline in the 3m/3m annualised rate is more marked in services, down to only 0.4%. The wage increase granted following the annual wage negotiations : 5.3% in total, including 3.
On the other hand, inflation continues to decline in the euro area, with inflation expected to fall temporarily below 2% in the second quarter, in line with our forecast. The ECB will also take note of the general decline in alternative inflation measures , which are now close to or below 3%. On a year-on-year basis, the harmonised index of prices in the euro area fell by 0.2 points to 2.4% in March, according to Eurostat's preliminary estimate.
Macroeconomics Unitedstates Prices Centralbanks
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Foreign-born population in the United States concentrated in four statesA new report by the U.S. Census Bureau reveals that more than half of the foreign-born population in the United States resides in California, Texas, Florida, and New York. The report also highlights that the foreign-born population has grown older and more educated over the past twelve years.
Read more »
Denmark, Sweden, Finland, the United States, and the United Kingdom Ranked as Top Countries for InvestorsThe Milken Institute, an economic think tank based in California, released its annual Global Opportunity Index report which tracks investor interest in global economies. The U.S. ranked 4 while China ranked 39 — which is pretty high for an emerging economy, Senior Director Maggie Switek said.
Read more »
United States, United Kingdom, and Germany Among Largest Cryptocurrency HoldersAccording to data from Arkham, the United States, the United Kingdom, and Germany are some of the largest countries in terms of cryptocurrency holdings. The U.S. government holds 212,847 BTC, while the treasuries of the U.K. and Germany hold 61,245 BTC and 49,858 BTC, respectively.
Read more »
Powell: Federal Reserve is still on track to cut rates despite signs of persistent inflationFederal Reserve officials will likely reduce their benchmark interest rate later this year, Chair Jerome Powell said, despite recent reports showing that the U.S. economy is still strong and that U.S. inflation picked up in January and February. “The recent data do not ...
Read more »
Powell: Federal Reserve is still on track to cut rates despite signs of persistent inflationFederal Reserve officials will likely reduce their benchmark interest rate later this year, Chair Jerome Powell said, despite recent reports showing that the U.S. economy is still strong and that U.S. inflation picked up in January and February.
Read more »
BoJ’s Ueda: If trend inflation accelerates toward 2% inflation target, possible to reduce monetary stimulusFurther comments coming in from Bank of Japan (BoJ) Governor Kazuao Ueda, as he continues to speak on the inflation and policy outlook.
Read more »