(19 November 2021) Consumer price inflation, a gauge of the cost of living, accelerated in the United Kingdom in October, largely driven by higher energy prices and mounting supply-chain disruptions, reaching the highest level since December 2011.
The U.K. consumer price index rose 4.2% YoY in October following a 3.1% increase in September. The October rise was more than double the target of 2% set by Bank of England.
The Bank of England's Monetary Policy Committee expects inflation to rise further, to around 5% in the spring of 2022, before falling back towards the target rate as the impact of higher oil and gas prices fades and demand for goods moderates.
(17 June 2021) With the US vaccination progress continuing and many anti-COVID restrictions easing, American's driving activity is recovering, and the increased mobility combined with stimulus checks, pent-up demand, and high credit availability have quickly translated into an increase in car sales. Many Americans wanting to buy a car are stumbled on car shortages at auto dealerships, though. This growing demand and lack of supply have already translated into sharp price growth in the used car and car rental markets. According to the US Bureau of Labor Statistics' Consumer Price...
(12 December 2021) In November, U.S. consumer price inflation, a measure of the cost of a wide-ranging basket of consumer goods and services, hit its highest year-over-year growth in four decades. Inflation continues to put pressure on households and businesses. The consumer price index was up 6.8% year-over-year in November, largely driven by food, energy and housing prices. Core inflation, which excludes volatile categories such as food and energy, climbed 4.9%, the highest jump since 1991. Food prices were up 6.1% in November, while housing rose 4.8% as disruption in the supply...
The G20 CPI provides a timely measure of inflation for the G20. In the future, the G20 CPI will become part of the regular OECD monthly News Release on CPI at around one month after the reference period. Annual inflation in the G20 area was 3.0% in the year to August 2013, down from 3.2% in the year to July 2013. The G20 CPI aggregate reflects diverging patterns among the world’s largest economies. India, Argentina, Indonesia andTurkey experienced the highest annual inflation rates (equal to or above 8.0%) in August 2013, while Japan, France , Canadaand Italy had the lowest...
(1 March 2020) The recent rise in global food prices poses a direct threat to many countries and millions of households around the world. In its recent article on the subject Bloomberg named five such "hotspots" — Russia, India, Brazil, Turkey, and Nigeria. According to Bloomberg, the acceleration of food price inflation in these countries has the potential not only to exacerbate food insecurity for families but to transfer to social protests. Looking deeper at the most recent data on food inflation in the five hotspots, and investigating the domestic patterns of supply and...
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