2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
British shop prices go down 0.1% in November for the third month running
In November, UK shop prices headed south by an annual 0.1% for the third month in a row, according to a poll, which actually chimed with the BoE’s thinking that inflation might have currently peaked around.
In spite of the fact prices for non-food goods went down at the slowest pace since May 2013, this month food price inflation cooled, as Retail Consortium as well as market research company Nielsen informed.
The 0.1% sag in shop prices happened to match probably the shallowest rate of shop price deflation in Great Britain for the last four years.
Having lifted interest rates for the first time for 10 years in November, the Bank of England told it thought that consumer price inflation – underpinned by the pound's sag after the previous year's Brexit vote - had most likely peaked around currently.
Although inflation seems to have set to run above the BoE's 2% objective for the next few years, the vast majority of financial experts tell that they don’t expect Britain’s key financial institution to lift rates again until 2019.
The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now.
Happy Monday, dear traders! Hope you had a great weekend and you’re ready for the last trading week in 2022! Later this week we’ll announce some exciting news for you, but now let’s look through some interesting news! Today’s events: USA, UK, Hong…
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.