
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
The previous month British retail spending declined at the fastest pace since 2008 because customers reduced purchases of non-food goods amid soaring inflation, as a poll disclosed on Tuesday.
On a like-for-like basis retail sales values edged down by an annual 1%, stripping out changes in store size, as the British Retail Consortium informed, compared with September’s 1.9% soar.
Another poll from payments company Barclaycard also disclosed poor consumer spending. The survey pointed to a similar split between expenditure on essentials and the cost of spending on discretionary stuff.
The previous week, the Bank of England lifted interest rates for the first time for more than 10 years.
The vast majority of market experts surveyed by Reuters before the decision were assured that a lift would be an error in part because of the vulnerable state of consumer finances, suppressed by the soar in inflation since Brexit vote.
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
Representatives from 15 oil-rich nations attend OPEC meetings. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.
On April 22, 2022, from 10:15 to 11:00 MT time, the Markit will release German and French flash services and manufacturing PMI.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
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