CONSUMER PRICE INDEX

On Rock Bottom Housing Prices

For all who claim that rampant inflation is up next, and home price deflation is over, I present the following charts for readers to ruminate on just how much higher existing home sales inventories are relative to some semblance of a trendline, in addition to a long-term chart comparing CPI with the median home price.

Consumer prices fall unexpectedly

U.S. consumer prices fell unexpectedly in March and recorded their first annual drop since 1955, government data showed on Wednesday, as slumping demand pushed down energy and food costs.

U.S. consumer prices rise in January on energy

U.S. consumer prices rose in January as energy costs rebounded, government data showed on Friday, temporarily easing fears of deflation amid a severe economic downturn. The Labor Department said its closely watched Consumer Price Index rose 0.3 percent, advancing for the first time since July, after falling 0.8 percent in December. The increase was bang in line with market expectations. U.S. sto...

U.S. consumer prices rise 0.3 pct in January

U.S. consumer prices rose in January, advancing for the first time since July as energy costs rebounded, government data showed on Friday, but a severe economic downturn was likely to keep inflation pressures muted in the months ahead. The Labor Department said its closely watched Consumer Price Index rose 0.3 percent after falling 0.8 percent in December. Analysts polled by Reuters had forecast ...

U.S. consumer prices rise 0.3 percent in January

U.S. consumer prices rose in January, advancing for the first time since July as energy costs rebounded, government data showed on Friday, but a severe economic downturn was likely to keep inflation pressures muted in the months ahead. The Labor Department said its closely watched Consumer Price Index rose 0.3 percent after falling 0.8 percent in December. Analysts polled by Reuters had forecast ...

U.S. consumer prices seen up in January

U.S. consumer prices are estimated to have risen in January as a recent rise in energy prices defied the economic downturn and disinflationary trends, according to economists polled by Reuters. As energy prices rose, a median forecast culled from a poll of more than 70 economists estimated that consumer prices overall rose 0.3 percent in January from December, while prices excluding food and ener...

Euro-Area CPI Estimate Falls Down To 1.1%

Release Explanation: CPI measures the average price of a fixed market basket of goods and services purchased by consumers, and therefore give an overall read of Inflationary pressures. It is the most widely used Inflation indicator of Central Banks

OzForex FX Market Watch - 27/01/2009

USD : On the US front this week it all starts with Existing Home Sales data for the month of December. On Tuesday we see the release of Consumer Confidence data. The

Wall Street Rallies as Data Meets Expectations

U.S. stocks rose on Friday, paring the week's losses, after oil retreated and by a rising dollar while some measures of inflation matched economists' forecast, damping speculation the Federal Reserve will boost interest rates this year.

China's GDP Grew 10.6 Pct in 1Q

China's gross domestic product (GDP) in the first quarter grew 10.6 percent over the same period of last year, and also higher than the annual growth rate target of 8 percent, the China National Bureau of Statistics (CNBS) said on Wednesday.

Inflation steady in March

The Office for National Statistics (ONS) has released figures showing that the annual rate of inflation was unchanged in March. The ONS said that consumer price index (CPI) inflation rose by 0.4 per cent in March but that the annual rate of inflation was steady at 2.5 per cent.

FX Summary - Feb 20

The greenback edged higher against the majors, climbing to 108.36 versus the yen and pushing the euro to 1.4615. A barrage of US economic data was released earlier in the session, with key indicators on inflation and housing

Inflation gathers steam, housing slides

Inflation accelerated in January in a worrying sign for the Federal Reserve's campaign to bolster the flagging economy, while a separate report on Wednesday showed more troubling signs for beleaguered housing market.

FX Summary - Feb 19

The dollar is weaker against the euro and Aussie as the US market returns from holiday, falling to its lowest level in 3-months versus the Aussie at 0.9236 and a 2-week low against the euro at 1.4756.

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UK: Inflation driven up by petrol and food

The Office for National Statistics (ONS) today released figures showing an increase in consumer prices index (CPI) annual inflation in January, largely a result of higher petrol prices.
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Europe Rates Steady, UK Drops on Inflation Pressure

The European Central Bank kept its key interest rate steady on Thursday but the Bank of England reduced rates for the second straight month, citing inflation pressure in line with analyst expectations.
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UK CPI Rises 2.1 pct

The Office of National Statistics (ONS)released figures on Tuesday showing that Consumer Price Inflation (CPI) was unchanged at 2.1 per cent in December, the same figure as in November.
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Sept CPI rise largest since May

A pickup in energy prices helped drive consumer prices ahead at the sharpest rate in four months during September, according to a government report on Wednesday that was likely to keep the Federal Reserve wary about inflation.
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Rich hit as cost of living lavish soars

Prices for luxury goods rose twice as fast as consumer prices this year, a study showed, showing the jet set needs even more to fund its lavish lifestyle.
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Oil Spike: Insult to Injury

A steep cut in U.S. interest rates should have eased debt worries but inflation in oil and food prices is a concern.
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Consumer prices dip unexpectedly

Consumer prices unexpectedly dipped 0.1 percent last month and new home construction hit a 12-year low, data on Wednesday showed, underlining concerns about the country's economic outlook. August consumer prices were pushed lower by slumping energy costs and posted their first decline since October, the Labor Department said, while core inflation rose as expected.
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