CONSUMER PRICE INDEX

World Market Overview 04/28/2011

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The Australian share market closed lower amid concerns about a tough upcoming federal budget, strong local dollar and possible interest rate rises sparked by higher inflation figures.

So What Is Silver Shouting About?

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The CURRENT SURGE in silver prices worldwide might seem dramatic, but it's more measured - so far, at least - than the true silver bubble that went Bang! in Jan. 1980. Even so, you might as well call this a record price.

China Locks Up More Cash as Prices Keep Rising

There will be a little less money to go around in China starting later this week. China's government is worried about rising prices and is tightening its grip on the country's cash. In the latest step, the country's banking authorities have told banks that they must raise the amount they set aside in their reserves another half a percentage point, effectively reducing lending.
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BoJ Statement on Further Monetary Easing (Full Text)

The Bank of Japan (BOJ) said on Monday it will increase the size of the asset purchase program from five trillion yen to 10 trillion yen and promised to inject additional liquidity into the financial system battered by the triple whammy of a disastrous earthquake, a tsunami and an unfolding nuclear crisis.
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German inflation rose 2.1 pct in February

Inflation in Germany rose more than previously estimated in February, strengthening speculation that the European Central Bank (ECB) may hike interest rate as early as next month.
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Gold climbs to record as Mideast violence flares

Gold climbed to a record high above $1,440 an ounce on Monday as the threat of violence spreading in the Middle East and North Africa pushed oil prices to 2-1/2 year highs and burnished the metal's safe-haven appeal.
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Fewer in U.S. deem homeownership a safe investment

Homeownership as an investment is no longer the rock-solid foundation for the American Dream it once was, according to a survey released on Monday by the firm the government created in the 1930s to promote homeownership.
China sees growth risk, not inflation, in oil surge

China sees growth risk, not inflation, in oil surge

Soaring oil prices will have little impact on Chinese consumer inflation, but will place considerable cost pressure on the country's manufacturers, a government adviser and ministry official said on Thursday.
A security guard stands next to a shipment of copper ready to be delivered in Valparaiso city

Zambia economy seen growing 6.5 pct in 2011

Zambia's economy is expected to grow 6.5 percent this year and 6.6 percent next year on the back of a rally in copper prices and improvements in agriculture, a Reuters poll of 12 economists showed on Thursday.
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Gold gains safe-haven bid from M.East turmoil

Gold rose for a fourth day in a row on Thursday in its strongest run since September, helped by safe-haven demand as unrest spread across the Middle East, while the dollar remained under mild pressure.
Traders work on the floor of the New York Stock Exchange

US stocks decline after CPI, jobs data

US stocks declined in early trade on Thursday after official data showed that weekly jobless claims unexpectedly rose last week while Consumer Price Index (CPI) climbed more than forecast in January.
US consumer prices rise as food, fuel costs increase

US consumer prices rise as food, fuel costs increase

The overall consumer price inflation in the U.S. rose 0.4 percent in January on a seasonally adjusted basis, the Bureau of Labor Statistics (BLS) said on Thursday. The rise in inflation was mainly driven by increases in energy, commodities and food prices, the report said.
Shoppers leave Costco in Fairfax, Virginia

Consumer prices rise in January

U.S. core consumer prices rose at their quickest pace in more than a year in January, government data showed on Thursday, but the increase was not strong enough to suggest a build-up in inflation pressures.
An welder works on a section of a Pelamis wave energy converter at their factory in Edinburgh, Scotland.

Exports boost UK factory orders

The UK factory orders rose in February as demand for exports from the country continued to improve. Manufacturers’ total order book balance in Britain rose to -8 in February from -16 in January, the Confederation of British Industry (CBI) survey showed on Thursday.
China inflation data adds to tightening case

China inflation data adds to tightening case

Chinese inflation hit a lower-than-forecast 4.9 percent in January, but price pressures excluding food were their strongest in at least a decade and will force the central bank to keep tightening monetary policy.

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