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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%.
In the final quarter of 2018, the German economy stalled, narrowly dodging recession because the fallout from global trade clashes and Brexit threatened to heavily impact a decade-long expansion in the EU’s number one economy…
In January, the annual rate of inflation in Great Britain went down to 1…
The levels of retail sales and core retail sales for the US will be released on February 14 at 15:30 MT time.
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On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
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