In December, a major measure of American producer prices suddenly slumped and the overall gauge went down more than predicted in the face of lower crude prices, indicating that potential inflation pressures in the American economy are still there…
Euro zone inflation is intact in July, core inflation soars year on year
In July, inflation in the 19 countries of the European Union was intact, as European statistics office Eurostat informed on Thursday. Nevertheless, the closely watched core inflation metric excluding volatile energy costs as well as unprocessed food inched up.
Eurostat also confirmed its earlier flash evaluation of annual inflation in the EU at about 1.3%, with price surges excluding unprocessed food and energy, also confirming 1.3%.
While price surges are still below the ECB's objective of close below 2% annually, core inflation has tacked on from June’s reading of 1.2% and surpassed analyst estimates of 1.2% in a survey of 29 financial experts carried out by Reuters.
Other economic data published on Thursday disclosed that in June the euro zone's trade surplus came in ahead of experts’ expectations at about 26.6 billion euros.
Eurostat stressed that in June exports from the euro zone soared by 3.9% versus 2016, while imports demonstrated a 6.2% leap.
The level of British consumer price index (CPI) will be released on January 16 at 11:30 MT time.
In November, euro zone industrial output reported its greatest dive for almost three years, as follows from data uncovered on Monday…
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