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inflation rate

Mexican inflation likely accelerated in February

Mexican inflation likely accelerated in February

  • The median forecast of 14 analysts was that inflation advanced in February to 3.72% from 3.54% in January.
  • The Bank of Mexico targets a rate of 3% with a one percentage point tolerance threshold above and below that.
Updated 08 Mar, 2021 10:18pm
US producer prices post biggest gain since 2009
World

US producer prices post biggest gain since 2009

  • A 1.3% rise in the prices of services accounted for two-thirds of the increase in the PPI. That was the biggest gain since December 2009 and followed a 0.1% drop in December.
  • Slack in the labor market remains excessive, with at least 20 million Americans on unemployment benefits.
Published 17 Feb, 2021 08:18pm
US producer prices post biggest gain since 2009
World

US producer prices post biggest gain since 2009

  • A 1.3% rise in the prices of services accounted for two-thirds of the increase in the PPI. That was the biggest gain since December 2009 and followed a 0.1% drop in December.
  • Slack in the labor market remains excessive, with at least 20 million Americans on unemployment benefits.
Published 17 Feb, 2021 08:18pm
Turkey targets tax and price rises to lessen inflationary impact
World

Turkey targets tax and price rises to lessen inflationary impact

  • Inflation ended 2020 above government forecasts at 14.6%, mainly due to a sharp decline in the lira and surging food prices.
  • Bankers said the government, in a departure from previous years, is hiking taxes and prices on items that account for only a small portion of the inflation basket.
Published 05 Jan, 2021 04:59pm