News
Entertainment
Science & Technology
Life
Culture & Art
Hobbies
News
Entertainment
Science & Technology
Culture & Art
Hobbies
Discover Latest #Purchasing power News, Articles and Videos with Contenting
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 ECB and the disastrous decline of the purchasing power of EU wages | Real-World Economics Review Blog
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 Momentum Slows in November 2024 - ForexTV
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
South Africa's Vehicle Sales Take a December Dip as Economic Pressures Mount - ForexTV
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
Czech Republic's Inflation Rate Edges Up to 3.0% in December - ForexTV
The Czech Republic has witnessed a slight uptick in its Consumer Price Index (CPI) as inflation rates climbed to 3.0% in December, according to the latest data updated on January 13, 2025. This marks an increase from November's inflation rate of 2.8%, establishing a modest upward trend during the final month of 2024.This year-over-year comparison illustrates that December's inflation rate reflects a stronger yearly price increase compared to the same period in the previous year. The data suggests that consumer prices have been rising at a faster pace, indicating that the Czech economy is experiencing moderate inflationary pressures as it enters into the new year.Economists and market observers will be keenly watching these figures as they continue to unfold, as inflation can significantly impact both consumer purchasing power and the wider economic growth outlook. The slight rise in CPI could prompt policymakers to adjust monetary strategies to keep inflation within targeted corridors, ensuring economic stability for the country moving forward.The material has been provided by InstaForex Company - www.instaforex.com
Germany's Harmonized Index of Consumer Prices Stays Steady at 2.8% in December 2024 - ForexTV
In an economic development that speaks volumes about inflational stability, Germany's Harmonized Index of Consumer Prices (HICP) for December 2024 has remained unchanged at 2.8%, mirroring the same rate recorded in December 2023.The data, updated on January 16, 2025, suggests a consistent inflation rate in Germany when assessing a year-over-year comparison. While many anticipated shifts in consumer prices amid economic fluctuations, this consistent figure underscores a potentially stable economic environment heading into 2025.As businesses and consumers alike keep a close watch on inflation metrics that could affect purchasing power and economic planning, this stagnation at 2.8% may indicate an absence of significant upward pressure on prices for goods and services for now. Economists and policy makers may interpret this steadiness as a sign to uphold current monetary strategies, maintaining a balance between encouraging economic growth and keeping inflation in check.The material has been provided by InstaForex Company - www.instaforex.com
The Specialty Food Ingredients Market: A Thriving Landscape - ForexTV
Specialty Food Ingredients Market to Surpass USD 240.9 Billion by 2028, Led by Industry Giants ADM (US), DSM (Netherlands), and International Flavors & Fragrances Inc. IFF (US)Delray Beach, FL, Jan. 23, 2025 (GLOBE NEWSWIRE) -- The global specialty food ingredients market is poised for significant growth, projected to reach a staggering USD 240.9 billion by 2028, soaring from USD 179.8 billion in 2023, exhibiting a robust compound annual growth rate (CAGR) of 6.0% during the forecast period. This dynamic expansion is fueled by a confluence of factors, primarily driven by the escalating consumer demand for healthier, more nutritious, and diverse food options. Download PDF Brochure Now Unveiling Specialty Food Ingredients: A Deeper Dive Specialty food ingredients encompass a diverse spectrum of components, including: Food Flavorings Market: Enhancing the taste profiles of food and beverages.Food Additives Market: Improving the texture, shelf life, and appearance of food products.Food Preservatives Market: Extending the product lifespan and ensuring food safety.Food Colorings Market: Enhancing the visual appeal of food and beverages.Functional Food Ingredients Market: Delivering specific health benefits beyond basic nutrition, such as: Probiotics Market: Promoting gut health and immune function.Prebiotics Market: Nourishing beneficial gut bacteria.Antioxidants Market: Combating oxidative stress and supporting overall health.Omega-3 Fatty Acids Market: Supporting brain health, heart health, and cognitive function. Make an Inquiry Now Driving Forces Shaping the Market Population Growth: The burgeoning global population, with approximately 250,000 individuals added daily, necessitates a commensurate increase in food production. This burgeoning demand fuels the market for innovative and value-added solutions, including specialty food ingredients that cater to diverse dietary needs and preferences.Globalization of Dietary Habits: As consumers become increasingly exposed to global cuisines, the demand for exotic and ethnic ingredients, such as spices, herbs, and flavor enhancers, has surged. This global culinary exchange fosters a dynamic market for these specialty food components.Health and Wellness Consciousness: The growing emphasis on preventive healthcare and the rise of health-conscious consumers are driving the demand for functional foods and ingredients that offer a range of health benefits beyond basic nutrition. Key Market Insights U.S. Market Dominance: The United States is anticipated to retain its position as the largest market for specialty food ingredients, driven by a diverse consumer base with significant purchasing power and a strong inclination towards culinary experimentation and new product exploration.Food Flavorings: A Flavorful Frontier: The food flavorings market is currently the dominant segment in North America, propelled by the continuous pursuit of unique and distinctive flavor profiles to cater to evolving consumer tastes.Functional Food Ingredients: The Future of Nutrition: The functional food ingredients segment is projected to exhibit the most significant growth during the forecast period, driven by the increasing consumer demand for products that offer tangible health benefits. Leading Players Shaping the Specialty Food Ingredients Industry ADM (US)DSM (Netherlands)International Flavors & Fragrances Inc. IFF (US)Kerry Group plc. (Ireland)Givaudan (Switzerland)Cargill, Incorporated (US)Sensient Technologies Corporation (US)Ingredion. (US)Chr. Hansen Holding A/S (Denmark)Tate & Lyle (UK)Amano Enzyme Inc. (Japan) Conclusion The specialty food ingredients market is a dynamic and rapidly evolving landscape, driven by a confluence of factors, including evolving consumer preferences, global dietary trends, and the increasing demand for innovative and health-conscious food products. As consumers continue to prioritize health, convenience, and culinary exploration, the market for specialty food ingredients is poised to maintain its upward trajectory in the years to come. CONTACT: About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Rohan Salgarkar MarketsandMarkets Inc. 1615 South Congress Ave. Suite 103, Delray Beach, FL 33445 USA: 1-888-600-6441 UK: +44-800-368-9399 Email: sales@marketsandmarkets.com Visit Our Website: https://www.marketsandmarkets.com/
Facts about Rwanda - Marginal REVOLUTION
…Rwanda is still poorer than most African countries due to being less urbanized than most African nations (Rwanda is 82% rural compared to Sub Saharan Africa’s 57% average). Rwanda’s donor aid adds up to ~75% of Rwanda’s government spending, which is roughly $1B. The average Rwandan makes $1K a year ($3300 at purchasing power parity). At purchasing power parity, […]