Tag: inflation
Surprise fall in inflation boosts interest rate cut hopes
UK inflation unexpectedly dipped in December, raising expectations of an interest rate cut next month. Prices rose 2.5% in the year to December, down from 2.6% the month before, marking the first fall in inflation for three months. The drop was driven by hotel prices falling and smaller rises in airfares than usual, but prices…
Sainsbury’s to raise pay to £12.60 an hour due to ‘tough’ inflation
Sainsbury’s has said it will raise hourly pay though it is cautious about recruiting new staff this year due to rising costs. The supermarket chain said wages would rise 5% to £12.60 but it will be introduced in two phases “to help manage a particularly tough cost inflation environment”. Sainsbury’s expects costs to jump due…
November inflation rises to 2.3% amid speculation over pre-election interest rate cut from RBA
Economists had predicted a November annual CPI inflation figure within the Reserve Bank of Australia’s preferred 2% to 3% target range The monthly inflation rate rose to 2.3% in November, according to the latest figures from the Australian Bureau of Statistics. The underlying inflation rate – the Reserve Bank’s preferred measure for prices – has…
In recent weeks, Argentina’s economy has shown encouraging signs that have positively influenced local financial markets.
In recent weeks, Argentina’s economy has shown encouraging signs that have positively influenced local financial markets.