Economic Reports CPI

  • NEW DELHI, Aug 5- India on Friday formally implemented its central inflation target of 4 percent, an important confirmation of the inflation-fighting policies championed by Reserve Bank of India Governor Raghuram Rajan, who steps down next month. Some senior economists, including Rajan's predecessor at the RBI Duvvuri Subbarao, have urged India not to fixate...

  • NEW DELHI, Aug 5- India will formally implement the inflation target agreed with outgoing Reserve Bank of India Governor Raghuram Rajan, a senior government official said, adding that progress was being made on forming a new Monetary Policy Committee. And it won't get formed before the Aug. 9 policy, "the official told Reuters, requesting anonymity.

  • NEW DELHI, Aug 5- India will formally implement the inflation target agreed with outgoing Reserve Bank of India Governor Raghuram Rajan, a senior government official said, adding that progress was being made on forming a new Monetary Policy Committee. The official, who requested anonymity, said the government would on Friday table the parliamentary...

  • MOSCOW, Aug 3- Russia saw weekly deflation of 0.1 percent for the first time in around 5 years over July 26 to August 1, statistics service data showed on Wednesday. In first the three weeks of July, the statistics service had recorded inflation of 0.1 percent. Russia's consumer price index rose 7.5 percent in June in year-on-year terms, higher than the 7.3 percent...

  • TOKYO, July 29- The Bank of Japan cut its consumer inflation forecast in a quarterly review of its long-term economic and price forecasts issued on Friday. Following is a table of median forecasts by the BOJ's nine board members. *The GDP, CPI figures take into account the government's decision to delay a scheduled sales tax hike in April 2017.

  • TOKYO, July 29- Japan's core consumer prices fell 0.5 pct in June from a year earlier, matching a decline last recorded in March 2013, government data showed on Friday. The so-called core-core inflation index, which excludes food and energy prices and is similar to the core index used in the United States, rose 0.4 percent in the year to June. Core consumer prices in...

  • Australia CPI

    CBA's Michael Blythe says Australia's Q2 CPI was in line with RBA expectations, and the central bank had mentioned that more rate cuts could come.

  • SYDNEY, July 27- Australian consumer prices rose at the slowest annual pace since 1999 last quarter while core inflation remained at a record low, setting the stage for a cut in interest rates as early as next week. The headline CPI index rose just 1.0 percent in the year to June, while key measures of underlying inflation held at 1.5 percent, all well below the...

  • Australia CPI

    Australia's underlying inflationary pressures are still soft but are widely expected to pick up, says Urbis Chief Economist Nicki Hutley.

  • Australia CPI

    The headline figure will likely come in at 0.7 percent quarter-on-quarter, because of higher food, oil and apparel prices, says NAB's Ivan Colhoun.

  • *BOJ to only trim FY2017 CPI f'cast to around 1.5 pct- sources. TOKYO, July 22- The Bank of Japan will likely cut next fiscal year's inflation forecast only slightly and largely maintain its upbeat view for 2018 at a policy review next week, sources said, an outlook which could allow it to argue there is no need for imminent monetary easing. Prime Minister Shinzo Abe has...

  • *BOJ to only trim FY2017 CPI f'cast to around 1.5 pct- sources. TOKYO, July 22- The Bank of Japan will likely cut next fiscal year's inflation forecast only slightly and largely maintain its upbeat view for 2018 at a policy review next week, sources said, an outlook which could allow it to argue there is no need for imminent monetary easing. Prime Minister Shinzo Abe has...

  • *Analysts see Japan would intervene if dlr/yen at 94- 90 yen. If that happens, it would come just a few weeks after Prime Minister Shinzo Abe ordered a fresh round of fiscal stimulus following a sweeping election victory in the Upper House, and would underscore the deep malaise rooted in Japan's economy. Japan's core consumer price index, which includes oil...

  • *New Zealand dollar falls after soft CPI data. SINGAPORE, July 18- The Turkish lira rose against the dollar and the safe-haven yen fell broadly on Monday in the wake of a failed Turkish coup over the weekend, easing investor concerns about political uncertainty and geopolitical risks. The dollar rose 0.4 percent to 105.35 yen.

  • *New Zealand dollar falls after soft CPI data. SINGAPORE, July 18- The Turkish lira rose against the dollar and the safe-haven yen fell broadly on Monday after Turkish authorities thwarted a coup attempt over the weekend, easing investor concerns about political uncertainty and geopolitical risks. The dollar rose 0.5 percent to 105.49 yen, while the euro gained...

  • NEW YORK, July 15- U.S. The Labor Department said its Consumer Price Index rose 0.2 percent last month after a similar gain in May. The Commerce Department also said that retail sales increased 0.6 percent last month after a downwardly revised 0.2 percent gain in May.

  • WASHINGTON, July 15- U.S. consumer prices increased for a fourth straight month in June as Americans paid more for housing, gasoline and healthcare, pointing to steadily rising inflation pressures. The Labor Department said on Friday its Consumer Price Index rose 0.2 percent last month after a similar gain in May. In the 12 months through June, the CPI advanced 1.0...

  • TOKYO, July 13- Japan's government on Wednesday cut its forecasts for consumer prices and economic growth, a blow to the Bank of Japan's ambitious project to achieve 2 percent inflation with massive purchases of government debt. The government expects consumer prices to rise 0.4 percent in the current fiscal year ending in March 2017, down from a 1.2 percent...

  • China's food service industry is a key part of the mainland's service sector.

    Soft China inflation data has sparked speculation the economic giant may join the ranks of various central banks in cutting interest rates.

  • China Economy

    China has some room for another RRR cut, but not by much because inflation could pick up towards the year end, UBS WM's Kelvin Tay says.