All Posts Tagged With: "Inflation Expectations"
Get Ready for Higher Inflation… and Red Hot Industrial Action!
Here’s a not-too-controversial prediction. Later this month, Big Merv King will get the Basildon Bond out and pen his missive to the Chancellor, Alistair Darling, explaining why inflation has gone over 3.0%.
Three Little Facts and the End of the World
Retail sales actually went up last month - how is that even possible?…The Beige Book says the U.S. economy is ‘generally weak’… The sky’s the limit for electronic money - but not so for real wealth…America’s money is snapping back… Calling into question the U.S.’s car culture…the next big thing in the search for an energy alternative…and more!
But Dollar, Meanwhile, Hits the Skids - Hawkish ECB Comments Cited
In the currency market, the dollar tanked against the euro. Late Thursday, the euro was trading at $1.5568 vs. $1.5435 on Wednesday.
Biggest Jump in Core US Inflation Rate in 17 Years
The core US inflation rate or Producer Price Index (PPI) — a measure of the prices of goods excluding food and energy — rose 0.4% in April, double the increase forecast by economists.
This puts the core US inflation rate up 3% in the past year, the biggest year-over-year rise since late 1991.
The PPI figures are unlikely to affect the markets which, according to a report by MarketWatch, “don’t seem to trust the government’s inflation figures that show falling energy prices in a world of record crude oil prices.”
Japan: Inflation Finally Returns
Inflation finally appears to be making a comeback in Japan. Excluding food, it rose to an annual rate of 1.2% in March, a ten-year high, while consumer prices excluding food and energy rose by 0.1% year-on-year, the first positive number since 1998.
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