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Accumulation of mercury and lead in the body has been linked to a range of health problems, including neurological damage, and lead has been linked to learning disabilities and behavioral problems in children. Studies have shown that mercury can adversely affect the immune system, and can be toxic to the nervous system. It is important to understand the sources of these toxins and how to reduce exposure to them. Common sources of mercury and lead include water, food, air, and industrial and medical waste. In particular, mercury can be found in fish, dental amalgams, and natural gas, while lead can be found in paint, gasoline, and lead-acid batteries. To reduce exposure to these toxins, it is important to avoid eating large fish, such as tuna, that contain high levels of mercury, and to limit the amount of lead-based paint used in the home. In addition to avoiding sources of mercury and lead, it is also important to follow good health practices, such as eating a balanced diet, exercising regularly, and avoiding smoking and alcohol. Finally, it is important to talk to your doctor if you have any concerns about your health, and to have your blood tested for heavy metals if you are concerned about exposure.
THE PHILIPPINE ECONOMY is expected to grow above 6% in the second quarter amid base effects and improved government spending, HSBC Global Research said on Wednesday. “For the second quarter, [the economy is] going to grow above 6%, mainly because of base effects, because as you remember, in second quarter of last year, the government […]
Wholesale price growth in the country and retail price growth in the National Capital Region (NCR) both eased to multiyear lows in May amid base effects, the Philippine Statistics Authority (PSA) reported on Friday. Preliminary data from the PSA showed the country’s general wholesale price index (GWPI) inched up by 2.3% year on year that […]
Economists struck a note of caution, pointing out that the drop was largely due to the base effect of high inflation last year and that it could head back up in the coming months. Retail inflation based on the Consumer Price Index (CPI) in July 2023 was 7.44% while that in June this year printed at 5.08%.
On future indicators, the RBI noted that headline inflation in July and Q2 of the current financial year are expected to be lower, given their base effect advantage, but the uncertainty is still there due to frequent recurrence of adverse weather events, resurgence of geo-political tensions and financial market volatility.
We expect the euro area inflation data today to show that headline inflation eased to 2.2% y/y in August from 2.6% in July, driven by base effects on energy prices. We see underlying inflation remaining persistent due to sticky service inflation and a normalization of core goods inflation from the very low levels seen in the first half of the year. The most important part of the print will be the monthly increase in services inflation, which we expect to come in at around 0.3% m/m s.a. for the third consecutive month. This will still be high but at least lower than what we saw at the beginning of the year.
Easy base effects due a high monthly EMU CPI reading last year already foreshadowed a substantial cooling of EMU headline inflation this month. On top of that, German (2.0%) and Spanish (2.4%) national data published yesterday surprised slightly to the downside. Maybe there was room for the EMU figure to also touch the psychological barrier of 2%? This didn’t materialize.
We have a big day and big week ahead in terms of eco data and central bank speeches. EMU headline inflation (tomorrow) is on track to drop below the ECB’s 2% inflation target for the first time since June 2021 following downward surprises in French and Spanish readings end last week. German figures are released today. The September drop is mainly energy-inspired though as ECB President Lagarde suggested already at the Q&A session of the previous ECB meeting: “We are looking at a whole battery of indicators. And I’m saying that in particular because September will certainly deliver a low reading of inflation. Very likely. We expect, because of the base effect, particularly on energy, our inflation numbers to be up in the fourth quarter, so the last three months of 2024. But September is going to deliver a low reading.” While EMU money markets have been eager to nearly fully discount a 25 bps October ECB rate cut on the back of these softer national CPI readings and weak September PMI’s, we still tend to err on the side of the status quo. Unless the ECB president herself convinces us otherwise at an hearing in front of the European parliament later today.
Today's most important data release will be the US October CPI, where we expect inflation to slow down in both headline (+0.1% m/m SA, from +0.2%) and core (+0.2% m/m SA, from +0.3%) terms. In annual terms, headline inflation could still appear to accelerate due to base effects stemming from a low reading a year ago (headline forecast 2.5% y/y, from 2.4%).