
What happened? On Monday, February 21, Russian President Vladimir Putin signed decrees recognizing the sovereignty of the Donetsk and Lugansk People's Republics…
In January, euro zone producer prices surged a bit faster than anticipated, backed by an ascend in energy, capital, and intermediate goods. That’s what data revealed on Monday.
The EU’s statistics office Eurostat informed that prices at factory gates in the trading bloc tacked on by 0.4% month-on-month for a 3% year-on-year rally.
Market experts had hoped for a 0.3% monthly ascend as well as a 2.9% annual leap.
Eurostat told that energy prices bounced off in January, heading north by up to 0.4% on the month following a 2.7% tumble in December. In addition to this, intermediate products prices managed to tack on by up to 0.3% after a 0.4% slump in December. Besides this, capital goods prices went up by nearly 0.6% after no change in December.
Producer prices turn out to be an early gauge of trends in consumer prices due to the fact that unless their changes are absorbed by retailers and intermediaries, they’re passed on to EU customers.
Aside from that, the European Central Bank is on the verge of keeping consumer inflation below, although close to 2% over the medium term. As a matter of fact, in February, consumer prices managed to head north by up to 1.5% year-on-year, speeding up from January’s outcome of 1.4%. As for the probable explanation of this, many experts point to the still high contribution of energy.
Excluding the volatile energy component, in February, consumer prices inched up by about 1.2% year-on-year. By the way, the given reading is equivalent to the outcome of producer prices in January.
What happened? On Monday, February 21, Russian President Vladimir Putin signed decrees recognizing the sovereignty of the Donetsk and Lugansk People's Republics…
The Eurozone will publish the Indicator of GfK Consumer Confidence on November 25, at 09:00 GMT+2.
The last week was so eventful for traders: FOMC Meeting, Bank of England’s rate decision, the OPEC+ meeting, and also NFP. This week is going to be interesting as well! Let’s see what you should focus on.
The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
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