News
Entertainment
Science & Technology
Life
Culture & Art
Hobbies
News
Entertainment
Science & Technology
Culture & Art
Hobbies
1. U.S. Inflation Hits Highest Level Since 2008 2. Inflation Rate in U.S. Climbs to 3.6%, Highest Level Since 2012 3. Fed's Powell: Inflation Is Rising, But It's Not a Short-Term Problem 4. How Inflation Can Affect Your Investments 5. What Is Inflation and How Does It Affect the Economy? 6. 8 Simple Strategies to Protect Yourself From Inflation 7. What You Need to Know About High Inflation 8. Corporate Profits Feel the Squeeze as Inflation Rises 9. How Inflation Affects Your Finances 10. Video: What Is Inflation and How Does It Impact You?
Singapore's key consumer price gauge rose 1.9% in November on a yearly basis, lower than economists' forecasts and the smallest rise in nearly three years, official data showed on Monday. The core inflation rate - which excludes private road transport and accommodation costs - was lower than the 2.1% forecast by a Reuters poll of economists and compared with a 2.1% rise seen in October. Headline inflation was 1.6% in annual terms in November, lower than the 1.8% expected in the poll.
The focus today is the euro area inflation print. Inflation was expected to be 2.4% y/y in December, up from 2.2% in November. But with Germany rising 50bp and both Spain and Portugal rising 40bp, inflation will most likely come in higher. We expect headline inflation at 2.6% y/y, while we expect core inflation at 2.8% y/y. In our view, an upside surprise in December inflation should not alter the near-term outlook for the ECB, as the focus remains on weak growth prospects. We also receive data on unemployment, which we expect to show a small uptick to 6.4% from 6.3%, as surveys have pointed to a softening in the labour market; overall, however, the unemployment rate remains historically low.
It further said, the headline inflation eased for the second successive month in December, although the stickiness in food inflation warrants careful monitoring of second order effects. Get more Economy & Infra News and Business News on Zee Business.
Global headline inflation is expected to decline to 4.2 per cent in 2025 and to 3.5 per cent in 2026, converging back to target earlier in advanced economies than in emerging markets and developing economies, it added. Get more Economy & Infra News and Business News on Zee Business.