Welcome to Tuesday!
Euro zone inflation goes down in January, although core rate tacks on
In January, euro zone inflation headed south, although core rate managed to grow.
Inflation stepped down in the euro zone in January, which is in line with market hopes, as follows from a first forecast from the EU's statistics agency. Nevertheless, core inflation demonstrated a jump.
Inflation in the European Union went down to 1.3% versus December’s outcome of 1.4%, which is in line with experts’ hopes. By the way, Eurostat's flash estimate for January doesn’t come with a month-on-month calculation.
The sag took place simply due to a slower soar of unprocessed energy and food prices.
The former rallied 1%in January versus a 1.9% leap in December. As for the latter, it gained 2.1% from December’s reading of 2.9%.
Calculated excluding these two most fluctuating components, or what the European Central Bank labels as core inflation it edged up to 1.2% from 1.1% in December versus hopes for a moderate dive to 1%.
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…