Inflation
US weekly jobless claims fall to 206,000, below forecasts
Initial unemployment claims declined by 6,000 to 206,000 in the week ended Aug. 15, while continuing claims rose to 1.799 million. The labor market remains tight with the jobless rate at 4.1%.
Canada industrial prices rise 0.6% in July on energy gains
Industrial producer prices increased for the first time in two months, led by energy and petroleum products, while core measures excluding energy softened. Annual gain remains elevated at 12.4%.
UK inflation rises to 2.9% in July, exceeding BoE target
Consumer prices climb 2.9% year-on-year, up from 2.6% in June, driven by housing and household services costs. Core inflation remains steady at 2.6%.
Slovakia’s July inflation slows to 3.2% y/y from 3.5%
Slovak consumer prices rose 0.1% month-on-month in July, while annual inflation eased to 3.2% from 3.6% in June, defying expectations for a monthly decline.
UK CPI accelerates to 2.9% on energy costs, matching forecasts
Headline inflation rose to a four-month high as Ofgem's energy price cap reset lifted household bills by £221. Analysts see limited second-round effects but warn of further upside.
UK inflation rises to 2.9% in July on higher gas costs; oil climbs after Iran ceasefire lapse
Consumer prices increased more than expected as gas bills surged 14.7%, while Brent crude approached $92 a barrel amid renewed Middle East supply risks. Bank of England policy outlook hinges on jobs data.
UK inflation rises to 2.9% in July, energy costs lift pace
Consumer prices increased as household energy bills surged following Ofgem’s 13% price cap hike. Economists had broadly anticipated the pickup.
South Africa’s June retail sales rise 1.6% y/y, slow from May
Annual retail sales growth slowed to 1.6% in June from 2.2% in May, while seasonally adjusted sales fell 0.6% month-on-month. Data released by Statistics South Africa showed sales measured at constant prices.
Watchdog Accuses Dominican Sugar Importer of Labor Violations
A report alleges a Dominican sugar importer, previously subject to an import ban, has continued to violate labor standards despite policy changes.
Eurozone inflation accelerates to 2.9% in July as ECB weighs next move
Consumer prices rose 2.9% year-on-year, up from 2.8% in June, while core inflation edged higher to 2.5%. ECB policymakers will scrutinize the data ahead of their September meeting.
Eurozone inflation rises to 2.9% in July on energy surge
Harmonized inflation accelerated from 2.8% in June as energy costs surged 10.3% year-over-year, while ECB policymaker Olli Rehn sees no second-round effects yet.
South Africa’s July inflation slows to 4.3%, SARB target still in sight
Annual inflation eased to 4.3% in July, below forecasts, but remains just above the central bank’s 3%-4% target range. Policy outlook hinges on temporary factors.
Dollar, euro lose nearly half their purchasing power since 2000
U.S. dollar and euro purchasing power halved over 25 years, while Swiss franc held value better amid divergent central bank policies. Inflation trends and wage dynamics compared.
US import prices fall 0.4% in July, easing inflation pressure
Crude oil costs drove the unexpected decline, while economists had projected a modest rise. Fed rate-cut expectations gain traction ahead of September meeting.
UK Grocery Inflation Slows to 2.1% in Early August
UK grocery price growth decelerated to 2.1% at the beginning of August, according to market data.
UK Grocery Inflation Eases Further, Kantar Worldpanel Reports
British grocery price inflation has declined further, according to the latest data from market research firm Worldpanel.
US Beef Inflation Stalls Consumer Demand, Posing Political Risk for Trump
Steep price increases for beef across the United States are reducing consumer willingness to pay, presenting a timely challenge for the Trump administration.
Brazil’s central bank chief warns demand outpaces supply
Central bank governor signals inflationary pressures as domestic demand exceeds productive capacity.
U.S. home builder sentiment edges up in August
NAHB index rises to 44 in August from 43 in July, signaling modest improvement in housing market confidence.
Canada's inflation accelerates to 3% on gasoline costs
Annual inflation rate rises above Bank of Canada's 2% target, driven by fuel prices. Core measure also climbs, signaling persistent price pressures.
Nigeria’s inflation slows to 15.43% in July, first decline in 10 months
Consumer prices rose at the slowest pace since October 2023, driven by moderating food costs and base effects. Analysts cite mixed signals on policy impact.
Brazil’s IGP-10 inflation index declines 0.51% in August
Wholesale price gauge posts first monthly drop since March, signaling easing cost pressures ahead of central bank policy decisions.
Chicago Fed's Goolsbee Cites Improvement in Recent Inflation Data
Chicago Federal Reserve President Austan Goolsbee noted that recent economic data shows a positive trend regarding inflation.
Canada’s July Annual Inflation Accelerates to 3% on Gasoline Rebound
Canada's annual inflation rate rose to 3% in July, driven primarily by a rebound in gasoline prices.
