How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
Japan consumer prices tack on for the ninth straight month
In September, Japan's core consumer prices demonstrated a ninth straight month of annual revenues. However, they didn’t manage to accelerate from last month, thus underscoring the major bank's ambitious task because it actually struggles to meet an ever-elusive 2% inflation objective.
Apparently, most of September's scant inflation was powered by ongoing leaps in energy costs that were partly compensated by sagging cellphone bills, which is another sign that companies are still reluctant to lift prices as they don’t want to stall a fragile revival in private consumption.
Still, the BOJ is braced for maintaining its current inflation forecasts at a policy gathering next week. The country’s major financial institution blames ongoing inflation on such factors as corporate efforts to spur productivity.
Meanwhile, in September, the nationwide core consumer price index, including oil products and excluding volatile fresh food prices, rallied 0.7% from 2016, matching August. However, it turned to be lower than a 0.8% median market estimate.
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Will CPI push USD higher?
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
Will oil change the trend after OPEC meetings?
Representatives from 15 oil-rich nations attend OPEC meetings. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.
Latest news
What’s New with Australian Unemployment Rate?
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
Can the UK CPI surprise?
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Retail Sales Update
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
