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.
German inflation gains suddenly in June
In June, German inflation surged, as Thursday’s regional data suggested. The report pointed to a sturdy upswing in the German economy, driving price pressures as euro zone inflation gets closer to the ECB’s objective.
The data arose just days after ECB head Mario Draghi suggested that the bank's asset-purchase program would turn to be less accommodative in 2018 because regional surge pace as well as inflation trends get back, following a period of descending prices.
In another sign of ascending price pressures in the 19-member trading bloc, in Spain consumer prices inched up more than expected in June, as preliminary figures disclosed on Thursday.
In June annual inflation inched up to 1.9%in June from 1.7% in May in the German state of Hesse, as the data revealed. It also gained in Brandenburg, Saxony and Baden-Wuerttemberg. Meanwhile, it stood still in Bavaria and North Rhine-Westphalia.
A Reuters survey, conducted before the publication of the regional data stated that EU-harmonized consumer price inflation went down to 1.3% in June from May’s outcome of 1.4%.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
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.
The Reserve Bank of Australia (RBA) will make a statement and release a Cash Rate on February 7, 05:30 GMT+2. It's among the primary tools the RBA uses to communicate with investors about monetary policy.
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.