Energy and food drove US inflation to a new four-decade high in May, the Department of Labour said Friday (June 10). Consumer prices surged 8.6% last month from 12 months earlier and compared to market forecasts of 8.3%.
The annual inflation rate in the US rose by 8.5% in March — the highest level since 1981, the labor department announced on Tuesday, further fueling concerns of tighter monetary policy from the Federal Reserve.
UK's inflation accelerated to 6.2% in February from 5.5% in January and above market forecasts of 5.9%, the Office for National Statistics said on Wednesday (March 23).
The annual inflation rate in the Eurozone was confirmed at a record high of 5.1% in the first month of 2021, well below 0.9% a year earlier, a report published by Eurostat on Wednesday showed, confirming preliminary figures.
The annual inflation rate in Australia accelerated to 3.5% in the fourth quarter of 2021 from a 3.0% in the third quarter, the Australian Bureau of Statistics (ABS) said on Tuesday (Jan. 26).
The UK's GDP grew 1.1% on quarter in the three months to September of 2021, instead of 1.3% estimated on November 11 and easing from a downwardly revised 5.4% advance in the previous period, according to the country’s Office for National Statistics.
Consumer prices in China accelerated to 2.3 percent in November 2021 from 1.5 percent a month earlier and shy of expectations for a gain of 2.5 percent, data from the National Bureau of Statistics (NBS) showed. It was the highest rate since August 2020.
The Monetary Policy Committee (MPC) of the Central Bank of Iceland (CBI) chose to raise the key interest rate by 50 basis points, taking it to 2% during its meeting on Thursday (Nov. 17).
The manufacturing sector in Taiwan saw a further loss of growth momentum during September, the latest survey from Markit Economics showed on Friday (Oct. 1).
Japan's economy grew an annualized 1.9% in the second quarter of 2021, the Cabinet Office said on Wednesday (Sept. 8), beating economists' median forecast for a 1.6% gain and the initial estimate of a 1.3% expansion.