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Purchasing power news, articles and videos from leading business publications from around the world. Find the latest news on purchasing power and other financial topics related to it.
The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.
In a noteworthy development for Lithuania's economy, the Consumer Price Index (CPI) for November 2024 has shown an upward movement, reaching 0.6%. This marks a noticeable increase from the previous month's CPI, which was recorded at a modest 0.1% in October. This data, updated on December 9, 2024, indicates a shift in inflationary trends, reflecting changes in consumer prices within the country.This Month-over-Month comparison highlights the increase in the rate at which prices of goods and services consumed by households are rising, suggesting potential shifts in purchasing power and market dynamics. Analysts are watching these indicators closely, as they could signal broader economic movements or adjustments in consumer behavior.The rise in CPI could have multiple implications for Lithuania, impacting everything from monetary policy to consumer confidence. Economists and policymakers may need to reassess their strategies to manage inflation and ensure economic stability in the coming months.The material has been provided by InstaForex Company - www.instaforex.com
Hungary's Consumer Price Index (CPI) for November 2024 has recorded a noticeable uptick, with the index reaching 3.7%. This marks a rise from October's CPI, which had stabilized at 3.2%. The recent data was updated on December 10, 2024, providing insights into the country's inflation trends.The current CPI figure of 3.7% represents an annual change compared to November of the previous year, illustrating an acceleration in inflationary pressures within Hungary's economy. This follows the previous month's annual increase of 3.2% in October, indicating a trend of growing inflation when evaluated on a year-over-year basis.This increase in the CPI is crucial for policymakers, businesses, and consumers as they navigate the economic landscape. The rise in inflation could have implications for monetary policy and affect consumer purchasing power, highlighting the need for strategies to manage the inflationary environment effectively. As Hungary continues to monitor these economic indicators, stakeholders will keenly observe any further developments in the coming months.The material has been provided by InstaForex Company - www.instaforex.com
In the latest economic update from Hungary, gross wages showed a marginal year-over-year increase as they climbed to 12.9% this October, up from 12.5% in the same period last year. This improvement represents a fractional yet noteworthy growth in wages, providing insight into Hungary's labor market and economic health.This rise in gross wages, reported in data updated on December 20, 2024, suggests a sustained but slow progression in income levels for Hungarian workers. The consistent upward trend highlights enduring economic resilience amid broader regional challenges, with wage growth being an important indicator of consumer purchasing power in the country.The year-over-year analysis provides valuable context for understanding the dynamics of Hungary's economic landscape, signaling potential implications for inflation, living standards, and overall economic stability in the coming months. This slight uptick in gross wages, while modest, may shape economic forecasts and policy decisions moving forward.The material has been provided by InstaForex Company - www.instaforex.com
The European Central Bank (ECB) published, on December 18, 2024, a new ´wage tracker´ that tracks ´negotiated wages´. The index enables the ECB to understand the ´pressure´ of wages on the price level and to identify turning points. Methodologically, it is challenging to design such an index, and it is quite an accomplishment for the…
Switzerland's retail sales growth experienced a marked slowdown in November 2024, according to the latest figures released on January 6, 2025. The report indicates that retail sales increased by just 0.8% compared to the same month in the previous year. This represents a significant deceleration from the 1.5% year-over-year increase recorded the previous month.This latest indicator suggests that consumer spending, a critical driver of the Swiss economy, is losing steam as the year progresses. The modest growth rate in November could point to a shift in consumer behavior or possible economic challenges affecting purchasing power.Retailers across Switzerland will be closely watching these developments as they adapt their strategies to the changing economic landscape. With the holiday season typically spurring higher sales volumes, the tepid growth in November raises questions about overall economic health and consumer confidence as the nation ushers in 2025.The material has been provided by InstaForex Company - www.instaforex.com
In a noticeable setback for the South African automotive sector, total vehicle sales in December 2024 have decreased significantly to 41.27K units from the previous month's tally of 48.59K. This dip in sales could indicate underlying economic challenges impacting consumer purchasing power or a potential shift in market dynamics.The data, updated on January 8, 2025, showcases a drop of over 7,000 units in a single month, prompting concerns for manufacturers and dealers who depend heavily on year-end performance boosts. December often represents a crucial period for the automotive industry, as many consumers traditionally make vehicle purchases around the festive season or as year-end investments.Market analysts suggest this decline might be attributed to intensified economic pressures, potential interest rate adjustments impacting vehicle financing, or changing consumer preferences. As stakeholders digest the latest figures, the focus will likely shift to assessing the broader implications for South Africa’s economy and strategizing adaptive measures for recovery in the months ahead. The industry now awaits upcoming data to determine whether this downward trend will persist or if a rebound is on the horizon.The material has been provided by InstaForex Company - www.instaforex.com