Knoema.com - Inflation http://ar.knoema.com 2024-02-08T12:09:21Z /favicon.png يمثل موقع Knoema مسار معرفتك الشخصية GDP Forecast for next 5 years //ar.knoema.com/swxrsj/gdp-forecast-for-next-5-years 2024-02-08T12:09:21Z Balaji S ar.knoema.com://ar.knoema.com/user/1000220
GDP Forecast for next 5 years

Balaji S ar.knoema.com://ar.knoema.com/user/1000220
Inflation in Kuwait //ar.knoema.com/smirwxg/inflation-in-kuwait 2024-01-24T14:03:30Z Nematullah Khan ar.knoema.com://ar.knoema.com/user/1975840
Inflation in Kuwait

Nematullah Khan ar.knoema.com://ar.knoema.com/user/1975840
Haiti - Inflation //ar.knoema.com/jmspobe/haiti-inflation 2023-11-09T13:09:24Z Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Haiti - Inflation

Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
US Inflation Forecast: 2022, 2023 and Long Term to 2030 | Data and Charts //ar.knoema.com/kyaewad/us-inflation-forecast-2022-2023-and-long-term-to-2030-data-and-charts 2023-11-09T13:09:20Z Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
US Inflation Forecast: 2022, 2023 and Long Term to 2030 | Data and Charts

(November 1, 2022) The Federal Open Market Committee (FOMC), in its latest meeting on September 21, 2022, forecasted that the Personal Consumption Expenditures (PCE) inflation rate in the United States will average at 5.4% in 2022, and then decline to 2.8% in 2023. The FOMC — the US Federal Reserve System's monetary policymaking body, which seeks to foster price stability — publishes inflation projections from its twelve members four times a year, in conjunction with their meetings in March, June, September, and December. PCE inflation refers to the percent change in the Personal Consumption Expenditures price index. It is used by the Federal Reserve as a primary measure of inflation in determining inflation goals. Other agencies such as the International Monetary Fund, United Nations Department of Economic and Social Affairs, Organisation for Economic Co-operation and Development, European Commission, and U.S. Department of Agriculture give inflation forecasts in terms of Consumer Price Index (CPI). Due to the differences in the "baskets" of goods considered, the two inflation measures are not identical: since 1970, CPI inflation has been an average of 0.5 percentage points higher than PCE inflation. Different agencies' predictions differ, putting US CPI inflation within the range of 7.0% to 8.1% percent in 2022 and around 2.8-3.5% in 2023. All agencies predicted that CPI inflation in 2023 will be 0.8-1.5% higher compared to the Federal Reserve target of 2%. By 2025, CPI inflation in the US is expected to return to 2%. The inflation rate depends on the balance between aggregate supply and aggregate demand within the economy. Labor market conditions and inflation expectations are the major demand side forces: a decrease in the unemployment rate means number of employees increases, which, in turn, increases demand and inflation.According to the survey of economists by FocusEconomics, CPI inflation is expected to average 8.0% in 2022.According to the US Bureau of Labor Statistics (BLS), in September 2022 the US unemployment rate was 3.5%, which is 1.2 percentage points lower than a year before.One-year inflation expectations decreased to 5.4% in September 2022 in the New York Fed’s Survey of Consumer Expectations compared to 6.8% in June 2022.US GDP, representing the country's aggregate demand, increased at annual rate of 2.6% in the third quarter of 2022, according to the U.S. Bureau of Economic Analysis (BEA).Current US CPI inflation, which is released monthly by the US BLS, averaged 8.2% in September 2022. The US PCE inflation rate released by BEA for Q3 2022 was 4.2% on average.   For analysis of the other G20 economies, select a country page: US | Canada | Mexico | France | Germany | UK | Italy | Brazil | Argentina | Turkey | Australia | China | India | Japan | South Korea | Indonesia | Russia | South Africa | Saudi Arabia | EU | Euro Area Or, select an economic indicator: GDP Forecast | Inflation Forecast | Unemployment Forecast | Current Account Balance Forecast | Government Debt Forecast

Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
U.S. Inflation Trends: Like Coffee? Get Ready to Pay More //ar.knoema.com/qemlhre/u-s-inflation-trends-like-coffee-get-ready-to-pay-more 2023-07-30T20:18:15Z Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
U.S. Inflation Trends: Like Coffee? Get Ready to Pay More

(19 October 2021) Through June-September of 2021, consumer price index (CPI) inflation in the U.S. accelerated to 5.4% on a year-over-year basis, which was the highest monthly growth rate in the last 12 years. Not all consumer goods were affected by price increases equally. For example, used car and gasoline prices were up 40% year-over-year in July, while consumer coffee prices have only increased by 1% year-over-year. However, the latest commodity market data indicates that millions of Americans will likely be paying more for "the favorite beverage of the civilized world".The price for New York traded Arabica beans increased to an average $2.03 per pound in August 2021 — a 66% increase since the end of 2020.Coffee futures prices have risen on expected coffee crop loss in Brazil, the world's largest producer and exporter of coffee. According to USDA estimates, the severe droughts could reduce the 2020-2021 Brazilian Arabica coffee harvest by 30% compared to the previous market year, and by 23% compared to the 2017-2021 average. Rising sea fright prices also contribute to an increase in coffee costs. Brazil accounts for 40% of Arabica coffee beans production and 27% of global coffee beans exports. Thirty percent of coffee beans imported by the U.S. are supplied from Brazil. Note: Arabica, Coffea arabica, is the world's most popular and widely produced species of coffee, as well as the type most commonly imported into the US. Arabica is grown at higher altitudes and tends to have a sweeter and more nuanced taste. Robusta, Coffea canephora, the other widely-produced species of coffee, has a stronger and harsher taste. It contains twice as much caffeine as arabica, is generally considered to be of inferior quality, and is typically less expensive.

Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
Knoema | U.S. CPI Inflation Expected to Ease in June According to High-Frequency Indicators //ar.knoema.com/kejkcy/knoema-u-s-cpi-inflation-expected-to-ease-in-june-according-to-high-frequency-indicators 2023-01-02T05:39:26Z Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
Knoema | U.S. CPI Inflation Expected to Ease in June According to High-Frequency Indicators

(11 June 2021) According to the latest Bureau of Labor Statistics (BLS) report, U.S. consumer price index (CPI) rose sharply agin in May to 5.0% year-over-year, going well above the Federal Reserve target of 2%. Based on data for the first eleven days of June, Knoema's U.S. CPI Inflation Index — which combines data from four high-frequency indicators — points that consumer price inflation is expected to ease in June 2021 on a year-over-year basis.   Note: Knoema's U.S. CPI Inflation Index is designed to predict the potential change in direction of the U.S. CPI year-over-year growth rate and should not be regarded as a CPI forecast.

Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
The Rise in Global Inflation Threatens World Economy //ar.knoema.com/mofqrgf/the-rise-in-global-inflation-threatens-world-economy 2022-12-19T16:04:15Z Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
The Rise in Global Inflation Threatens World Economy

The latest data on inflation from the World Bank shows that global inflation continues to accelerate. In May 2022, the world consumer price index (CPI) growth accelerated to 8.1% year-over-year. The last time year-over-year global inflation approached 8% was in 2008, when the world economy was stepping in the Great Recession. Knoema's global inflation heat map, based on the World Bank data, reveals the spread of inflation to more and more countries each month. In Dec 2019, among 107 countries in the World Bank's dataset, there were only 5 countries where year-over-year CPI growth exceeded 10%, and 21 economies where CPI growth ranged between 4% and 10%.By May 2022 the number of countries with year-over-year CPI growth above 10% had increased to 39, and the number of countries with CPI growth between 4% and 10% had reached 54.Due to high commodity prices the potential for cost-push inflation still remains high. For example, in May 2022 global CPI was 16.4% higher than it had been in May 2019. For the same period, prices for energy and non-energy commodities — the raw materials and energy used in production — increased by 88.9% and 64.4%, respectively.The downward trend in commodity prices since mid-June 2022, especially declining prices for copper, may indicate that high inflation is already hitting the global economy.

Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
Alternative Data Points to Falling Housing Costs in US //ar.knoema.com/hdibshd/alternative-data-points-to-falling-housing-costs-in-us 2022-12-02T07:34:33Z Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
Alternative Data Points to Falling Housing Costs in US

(December 2022) Housing costs have been a big driver of inflation in US. In October 2022 the shelter component of CPI had it's largest MoM increase since 1990, contributing 0.25 percentage points to MOM total CPI growth. Meanwhile the Apartment List national rent index had it's sharpest MoM decline in its history (starting in 2017), indicating that the growth in shelter component of CPI index will decelerate in the near-term future.According to the latest report from the Apartment List home rents across the US dropped in November by the most in at least five years. Rents nationally fall by 1% month-over-month. Prices still up 4.6% year-over-year.The national median rent increased by a record-setting 17.6 percent over the course of 2021. This rapid growth in rent prices is a key contributor to overall inflation, which is currently rising at its fastest pace in four decadesOver the course of the year as a whole, rent growth is continuing to outpace pre-pandemic years, but by an increasingly small margin. From January through November of this year, rents are up by a total of 4.7 percent, which is much closer to the growth rates we saw in 2018 and 2019 than it is to the astronomical 18 percent growth that we saw at this point last year. The cooldown in rent growth is being mirrored by continued easing on the supply side of the market. The Apartment List vacancy index now stands at 5.7 percent, after more than a year of gradual increases from a low of 4.1 percent last fall.The recent slowdown has been geographically widespread. Rents decreased this month in 93 of the nation’s 100 largest cities in October. Among large metros nationwide, Seattle saw the sharpest decline in November, with prices down by 2.6 percent month-over-month. Las Vegas, Phoenix, Jacksonville, and Riverside have all seen rent growth of 30 percent or more since March 2020, but none of these metros has seen rents increase by more than 1 percent over the past twelve months.

Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
Tracking US Inflation: Is the Worst Behind Us or Still to Come? //ar.knoema.com/dxcpbtb/tracking-us-inflation-is-the-worst-behind-us-or-still-to-come 2022-11-27T07:01:51Z Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
Tracking US Inflation: Is the Worst Behind Us or Still to Come?

(27 September 2021) The latest data from the U.S. Bureau of Labor Statistics (BLS) shows that inflation in the U.S. is slowing down. In August, the consumer price index (CPI) decelerated to a 0.3% month-over-month increase compared to 0.7% to 0.9% monthly increases in April through June.  The highest inflation has been concentrated among only a small number of categories of consumer goods and services. Prices for used cars and rental cars jumped amid supply chain disruptions and strong demand. Motor fuel prices increased, following world oil prices. And prices for plane tickets rose with the recovery of air traffic. The latest BLS data points to easing of these trends. Nevertheless, the worst may still be ahead.The decrease in used car, car rental and airfare prices in August was mostly driven by the new COVID wave. Such near-real-time indicators as Apple's driving mobility index and the number of travelers screened at TSA checkpoints confirm an overall decrease in mobility through August and the first half of September. Once the current COVID surge subsides, price trends may reverse.While used car pricing received the most attention, prices for many other consumer categories are growing at a rate of more than 2% per year. A U.S. CPI heat map that highlights price trends for 26 major commodity and services categories shows only five categories had price gains less than 2% year-over-year. And for 50% of the categories, prices increased more than 4% year-over-year. Some indirect indicators also point to growing inflation pressure. According to the National Federation of Independent Business's small business actual price change indicator, which, when viewed with a six month time lag, can serve as a leading indicator predicting the CPI trend, the number of small businesses revising selling prices upwards has been growing since February 2021. The observed price hikes at small businesses may point to further inflation acceleration in the coming months.Though the U.S. Federal Reserve announced recently that it is going to moderate the pace of asset purchases soon, which could slow inflation, so far it continues to inject new money into the economy to boost demand. In addition to the 2020 $3.2 trillion stimulus package, the Federal Reserve purchased U.S. Treasury securities and mortgage-backed securities worth $1.1 trillion in Jan.–Sept. 2021. U.S. consumers are currently anticipating inflation levels closer to 4% in the mid-term, and vague statements from the Fed may not be enough to anchor inflation expectations.

Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
IMF October 2021 Outlook | Robust Expansion Despite Rising Inflation //ar.knoema.com/hftinad/imf-october-2021-outlook-robust-expansion-despite-rising-inflation 2022-10-15T15:45:24Z Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
IMF October 2021 Outlook | Robust Expansion Despite Rising Inflation

(14 October 2021) The mid-term prospects for the development of the global economy look promising — the International Monetary Fund projects that almost 6% global GDP growth in 2021 and almost 5% growth in 2022 will be followed with annual growth above 3% in 2023 through 2026. However, uncertainty around inflation pressure and the pandemic situation are considered major risks for global growth. Here are the key takeaways from the October 2021 edition of the IMF's World Economic Outlook (WEO) report:October 2021 global growth projections by the IMF were nearly unchanged from the summer outlook. The global GDP growth estimate for 2021 has been revised downward by 0.1 percentage points, to 5.9%, underlining the negative impact of global supply chain disruptions and worsening pandemic dynamics. The forecast for 2022 global growth is unchanged, at 4.9%.Looking into 2022, the IMF expects that commodity prices will stay at 2021 levels, while global food prices will see further increases.In addition to commodity prices staying high, CPI inflation is expected to accelerate. In 2021–2022, the IMF anticipates annual CPI growth over 4% in more than 70 countries, compared to 54 countries in 2020 (out of 190 countries in the IMF's WEO Outlook database).So far, the IMF considers the recent increases in inflation rates in the US, Europe, and many developing economies to be driven by temporary pandemic-induced supply-demand mismatches. The inflation pressure is expected to subside in 2022, though uncertainty around inflation prospects remains high.

Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
Investors Expect Subsiding Inflation //ar.knoema.com/mjujlqb/investors-expect-subsiding-inflation 2022-10-10T20:39:10Z Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
Investors Expect Subsiding Inflation

(10 October 2022) Even after their recent rise, current ten-year government bond yields lag inflation over the past 12 months by five percentage points in America and a whopping ten points in the Netherlands. This gap reflects investors’ expectation that inflation is likely to subside fairly soon. Persistence of high inflation for a longer period may provoke the further fall in financial asset prices.

Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
Central Banks Unable to Cope With Rising Inflation //ar.knoema.com/orggtlg/central-banks-unable-to-cope-with-rising-inflation 2022-09-21T21:47:30Z Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
Central Banks Unable to Cope With Rising Inflation

With inflation at multi-decade highs central banks in many countries started to hike policy rates in 2021. Through more than a year of monetary policy tightening CPI rates continue to rise all over the world.Data on inflation rates shows that distance between CPI year-over-year growth and central banks' inflation policy targets increased in all economies (in a sample of 38 countries whose monetary policy rates are tracked by Bank for International Settlements) since mid-2021.In 37 countries (including United States) consumer price inflation has increased above the monetary policy inflation targets. China is the only exception where CPI rate is below monetary policy target.Today only four central banks (China, Japan, Indonesia and Croatia) keep their policy rates unchanged or below compared to end of 2020 level. Note: Monetary policy rate is the rate that is used by central bank to implement or signal its monetary policy stance. It is most commonly set by the central banks policymaking committees (IMF). Monetary policy targets of CPI inflation shown below include upper limit of deviation from target where applicable.

Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
Rising Cost of Burger //ar.knoema.com/zrsjmrf/rising-cost-of-burger 2022-08-08T11:03:47Z Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
Rising Cost of Burger

As ingredients for Big Macs, McNuggets and other items have become more expensive McDonald's, the world's biggest restaurant chain, expects that more price hikes for its meal could be coming this year. Data from the U.S, Bureau of Labor Statistics shows that costs for key burger ingredients between Jan. 2019 and Jul. 2022 increased from 9% for species to 117% for wheat (key component in production of buns)McDonald’s U.S. food and paper costs were up by about 4% in 2021, and management anticipates about a 8% increase in 2022, with more pressure earlier in the year. Management notes that this will pressure both margins and cash flow.

Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
Euro Area: The Lost of Confidence Amid Record Inflation //ar.knoema.com/lijarh/euro-area-the-lost-of-confidence-amid-record-inflation 2022-06-01T11:22:56Z Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
Euro Area: The Lost of Confidence Amid Record Inflation

(01 June 2022) European consumers are beginning to feel the impact of global energy and food crisis. Latest data from Eurostat, shows that consumer price inflation in Euro area in May 2022 accelerated to record high of 8.1% year-over-year.High prices for energy commodities and food push up general CPI index. In May 2022, consumer prices for energy and food increased 39.2% and 7.5% year-over-year, respectively.Amid rising consumer prices, consumers in Euro area are losing confidence. According to Eurostat, consumer confidence in Euro area in March-May 2022 dropped to -21.2%, which is comparable to the periods of The Great Recession and coronacrisis.According to the latest available data from Eurostat,  manufacturing producers in Euro area increased output prices by 17.8% in March 2022, which points to high potential for cost-push inflation.

Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
The Right Food Price Hotspots to Worry About //ar.knoema.com/yniczof/the-right-food-price-hotspots-to-worry-about 2022-02-25T12:40:30Z Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
The Right Food Price Hotspots to Worry About

(1 March 2020) The recent rise in global food prices poses a direct threat to many countries and millions of households around the world.  In its recent article on the subject Bloomberg named five such "hotspots" — Russia, India, Brazil, Turkey,  and Nigeria. According to Bloomberg, the acceleration of food price inflation in these countries has the potential not only to exacerbate food insecurity for families but to transfer to social protests. Looking deeper at the most recent data on food inflation in the five hotspots, and investigating the domestic patterns of supply and consumption of one of the most important food commodity groups, grains, we analyze how vulnerable Bloomberg's hotspots really are to food inflation.First of all, Nigeria. Food inflation there topped 20% year-over-year at the end of 2020. Because of the high dependency on imported food, and the almost 60% share of the budget spent on food in the average household, this country is ranked among the top 10 in Knoema's Grain Price Vulnerability Index. The decline in oil exports, depreciation of Naira, and growing unemployment fueled record-high incidents of political and social unrest in 2020.Turkey, Brazil, India, and especially Russia can hardly be counted among hotspots. Food inflation in Brazil, India, and Russia increased to approximately 10% year-over-year in recent months — a level that is not unusual for these countries and is rarely associated with social protests among the population. In Turkey, food inflation topped 20% in Nov–Dec 2020 (again, far from a record high in this country). But the share of expenditures spent on food in the average household budget is only 21% — only a third compared to the share spent in Nigeria, leaving room for the population to adapt to higher food prices through the shift in the commodity basket.According to Knoema's Grains Price Vulnerability Index, which shows how vulnerable a given country is to the acceleration of grain prices, India, Russia, Brazil, and Turkey are among the less vulnerable countries. High self-sufficiency in food and agricultural products, a moderate share of expenditures on food in household consumption, and protection of domestic markets through local currency devaluation in 2020 create conditions for further import substitution, rather than for growing protest activity in these countries.

Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
The US Inflation Landscape //ar.knoema.com/kgeqryb/the-us-inflation-landscape 2022-01-28T18:52:47Z Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
The US Inflation Landscape

(January 26, 2022) According to the U.S. Bureau of Labor Statistics (BLS), in December 2021 consumer price inflation in the U.S. accelerated to 7.0% year-over-year — the fastest pace of growth since 1982. And this is not just because of high prices on gasoline and and passenger cars. BLS data shows that prices increased across a wide range of consumer goods and services. To estimate the "spread" of inflation across the U.S. consumer market, we employed the BLS CPI inflation data for 80 representative expenditure categories — from motor fuels, tires, apparel, and bakery products to newspapers and magazines and veterinary services for pets — and compared the first and the last months of 2021.The comparison shows that the number of expenditure categories where price growth is below 2.0% year-over-year decreased from 40 (50% of the categories analyzed) in Jan. 2021 to 18 (22.5%) in Dec. 2021.In December, there were 11 expenditure categories where price growth exceeded 10% year-over-year, including fuel and cars but also meat, furniture and home equipment, and lodging away from home. For 45 categories, the price growth exceeded 4%. In the previous January, on the other hand, there were only 16 categories where prices grew more than 4% year-over-year, and no categories that recorded price growth above 10%. The median inflation rate (which splits the number of expenditure categories equally) for the 80-category sample increased from 2.0% to 4.4% between January and December last year, underlining that inflation has not only increased as a whole, but spread to more consumer goods and services. The spread of inflation across more and more expenditure categories may indicate unfolding cost-push inflation — when an increase in prices for raw materials and intermediates as well as demand for high wages translates into higher consumer prices.

Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
Canada: Consumer Inflation Rate Reaches 30-Year High //ar.knoema.com/mbwowfe/canada-consumer-inflation-rate-reaches-30-year-high 2022-01-26T09:02:37Z Nematullah Khan ar.knoema.com://ar.knoema.com/user/1975840
Canada: Consumer Inflation Rate Reaches 30-Year High

(20 January 2022) Canada’s year-over-year inflation rate rose to a three-decade high in December, increasing chances of a hawkish turn from the Bank of Canada. Inflation has been above 3%, the upper limit of the Bank of Canada’s 1%−3% target range, since April.Consumer price inflation rose 4.8% in December, the largest year-over-year increase since September 1991, when it was 5.5%. The December price gain was mainly driven by the rising cost of food and housing.Food prices rose 5.2% in December — the fastest pace of growth since 2011 and a huge jump from the 1.1% YoY growth in same period in 2020. Higher transportation costs and continued high energy prices are putting upward pressure on food prices.Housing costs rose 5.4% in December, up from 1.6% last December, fuelled by rising prices for natural gas and fuel oil used for heating homes.Gas prices at the pump cooled down in December, with inflation dropping to 33.3% year-over-year, down from 43.6% in November.

Nematullah Khan ar.knoema.com://ar.knoema.com/user/1975840
U.K. Inflation Rose to a Ten-Year High in October 2021 //ar.knoema.com/awdinse/u-k-inflation-rose-to-a-ten-year-high-in-october-2021 2022-01-19T13:25:08Z Nematullah Khan ar.knoema.com://ar.knoema.com/user/1975840
U.K. Inflation Rose to a Ten-Year High in October 2021

(19 November 2021) Consumer price inflation, a gauge of the cost of living, accelerated in the United Kingdom in October, largely driven by higher energy prices and mounting supply-chain disruptions, reaching the highest level since December 2011. The U.K. consumer price index rose 4.2% YoY in October following a 3.1% increase in September. The October rise was more than double the target of 2% set by Bank of England. Household energy costs were one of the biggest contributors to inflation; Ofgem, the British energy regulator, raised the price cap on domestic gas and electricity on October 1, 2021. Petrol prices also rose in October amid a surge in global energy prices. The Bank of England's Monetary Policy Committee expects inflation to rise further, to around 5% in the spring of 2022, before falling back towards the target rate as the impact of higher oil and gas prices fades and demand for goods moderates.

Nematullah Khan ar.knoema.com://ar.knoema.com/user/1975840
US Inflation Hits 6.8%, a Four-Decade High //ar.knoema.com/hyabkoc/us-inflation-hits-6-8-a-four-decade-high 2022-01-18T18:01:30Z Nematullah Khan ar.knoema.com://ar.knoema.com/user/1975840
US Inflation Hits 6.8%, a Four-Decade High

(12 December 2021) In November, U.S. consumer price inflation, a measure of the cost of a wide-ranging basket of consumer goods and services, hit its highest year-over-year growth in four decades. Inflation continues to put pressure on households and businesses. The consumer price index was up 6.8% year-over-year in November, largely driven by food, energy and housing prices. Core inflation, which excludes volatile categories such as food and energy, climbed 4.9%, the highest jump since 1991.Food prices were up 6.1% in November, while housing rose 4.8% as disruption in the supply of raw materials limited construction activities.Energy price were up 33.3% in November following a 30% increase in October. Gasoline prices were up a staggering 58.1% year-over-year in November. In recent months, high inflation resulting from the pandemic has been spurred by disruption in global supply chains as well as by strong demand resulting from stimulus packages. The persistently elevated inflation has raised concern among Federal Reserve policy makers. The uptick has lasted longer than expected, and it is showing no sign of cooling down as demand for products remains strong and fear of the new Omicron variant continues to disrupt manufacturing and transportation. If the Fed regards inflation as permanent rather than transitory, it is likely to cut back support for the economy by slowing down monthly bond purchases, and eventually by raising interest rates — likely sooner than they had previously expected.

Nematullah Khan ar.knoema.com://ar.knoema.com/user/1975840
Most Central Banks are Ignoring Rising Inflation Pressure //ar.knoema.com/gmdpxic/most-central-banks-are-ignoring-rising-inflation-pressure 2021-10-21T09:51:32Z Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
Most Central Banks are Ignoring Rising Inflation Pressure

(21 June 2021) Fast post-COVID recovery of consumer demand amid supply chain disruptions has resulted in rising inflation in most countries around the world. In many economies, consumer price inflation (CPI) has already exceeded monetary policy targets, but so far central banks are mostly ignoring the rising inflation on the grounds that the acceleration is caused by temporary factors. The reluctance of monetary authorities to combat rising inflation pressure raises a question of whether the world economy may end up with uncontrollably high inflation by the end of the year.By the middle of June 2021, 36 countries (out of 38 countries whose monetary policy rates are tracked by Bank for International Settlements) have seen accelerated consumer price inflation compared to the end of 2020. And in 15 economies (including the United States), consumer price inflation has already increased above the monetary policy inflation targets.Only three central banks (Turkey, Russia and Brazil) increased their policy rates between the end of 2020 and mid-June 2021 in an effort to cool down inflation. The Bank of Denmark also increased its policy rate by 0.1 percentage points, to -0.5%, but since this rate remains in the negative zone, the increase can hardly be considered a tightening of monetary policy. Note: Monetary policy rate is the rate that is used by central bank to implement or signal its monetary policy stance. It is most commonly set by the central banks policymaking committees (IMF). Monetary policy targets of CPI inflation shown below include upper limit of deviation from target where applicable.

Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
OECD: How Soaring Home Prices Contribute to Inflation //ar.knoema.com/rtjcypd/oecd-how-soaring-home-prices-contribute-to-inflation 2021-10-19T07:51:24Z Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
OECD: How Soaring Home Prices Contribute to Inflation

(13 October 2021) Low interest rates, economic stimulus and high uncertainty over the course of the pandemic boosted consumer demand for new homes as well as home prices around the world. To estimate a potential contribution of soaring home prices to overall inflation, we analyzed home price and housing rent data for 33 economies for which data was available in the Organization for Economic Cooperation and Development (OECD).OECD housing data for 2010-2021 shows that a one percent increase in home prices can add on average up to 0.5 percentage points to housing rent growth.Given the average housing rent contribution to consumer price index, 0.12 percentage points (observed in OECD countries in 2019), and the OECD average housing rent growth of 2.6% in 2020, we estimate that a one percent increase in home prices on average adds around 0.02 percentage points to the general consumer price index, due to the increase in prices for rental housing.According to OECD data, home prices in OECD countries have increased by 11.2% during the pandemic (Q4 2019 to Q1 2021), which could account for 0.26 percentage points (or 11%) of the 2.2% CPI growth in OECD economies during the same period.

Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
US: Small Business Selling Price Indicates Accelerating Inflation //ar.knoema.com/qykdofe/us-small-business-selling-price-indicates-accelerating-inflation 2021-09-28T09:10:29Z Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
US: Small Business Selling Price Indicates Accelerating Inflation

(05 August 2021) The US consumer price inflation (CPI) index is probably the most tracked economic indicator today. The main question: whether the current inflation wave has been driven by temporary factors (as the Federal Reserves hopes) or is something that will turn into a long-term threat to U.S. economic growth. Findings from the small business survey from the National Federation of Independent Business (NFIB) can shed light on the near-term future.According to the NFIB's small business actual price change indicator, which, when viewed with a six month time lag, can serve as a leading indicator predicting the CPI trend, the number of small businesses revising selling prices upwards has been growing since February 2021. The observed price hikes at small businesses may point to further inflation acceleration in the coming months.

Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
India: WPI Inflation Eases to 12.07% in June, 2021 //ar.knoema.com/xehvpvc/india-wpi-inflation-eases-to-12-07-in-june-2021 2021-07-20T15:07:25Z Nematullah Khan ar.knoema.com://ar.knoema.com/user/1975840
India: WPI Inflation Eases to 12.07% in June, 2021

(20th July 2021) India's wholesale inflation (WPI) eased marginally to 12.07% YoY in June from a record high of 12.9% in previous month as fuel and food witnessed slight softening in prices. Food inflation grew 3.1% YoY in June as compared to 4.3% in the previous month, while fuel and power inflation eased to 32.8% from 37.6% despite recent increase in petrol, diesel and cooking gas prices.Manufactured products inflation ticked up 10.9% from 10.8% in May led by textiles, apparel, leather. However, WPI inflation remained in double digit for third consecutive month in June and would have spillover impact on retail inflation in coming months.   Consumer price index (CPI) , also known as retail inflation, marginally reduced to 6.26% YoY in June from 6.3% in previous month as food prices hardened coupled with fuel prices.Food inflation inched to 5.2% from 5% in May.Inflation in oil and fats grew 34.8% in June from 30.8% in previous month. Fuel and light inflation stood at 12.7% compared to 11.9% last month. However, the inflation remained above RBI's monetary policy committee (MPC) targeting range of 4% (+/-2). Given the devastating impact of COVID-19 pandemic on the economy, the MPC is expected to maintain policy rate unchanged.   

Nematullah Khan ar.knoema.com://ar.knoema.com/user/1975840
United States: A Price Storm in Used Car and Car Rental Markets //ar.knoema.com/poxiyxc/united-states-a-price-storm-in-used-car-and-car-rental-markets 2021-07-02T13:48:55Z Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
United States: A Price Storm in Used Car and Car Rental Markets

(17 June 2021) With the US vaccination progress continuing and many anti-COVID restrictions easing, American's driving activity is recovering, and the increased mobility combined with stimulus checks, pent-up demand, and high credit availability have quickly translated into an increase in car sales. Many Americans wanting to buy a car are stumbled on car shortages at auto dealerships, though. This growing demand and lack of supply have already translated into sharp price growth in the used car and car rental markets. According to the US Bureau of Labor Statistics' Consumer Price Index (CPI) report, the price growth for used cars accounted for about one-third of the overall increase in CPI in May. In March 2021, new light vehicle sales in the US increased to 18 million units (SAAR) — the highest monthly sales level since June 2005.US car manufacturers not only failed to increase production, but in many cases had to pause assembly lines due to the semiconductor shortage. Car imports from Canada and Mexico — two largest sources of US car imports — also declined.The mismatch between demand and supply brought domestic car inventories and inventory-to-sales ratio to a record low in April 2021.The shift of consumer demand to used cars and rental cars led to price hikes. The Manheim Used Vehicle Value Index, which measures wholesale pricing and typically runs several months ahead of the behavior of the consumer price index for used cars, suggests that the price of used cars will likely grow further in the coming months.

Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
Indonesia Short Term Economic Profile: Prices and Unemployment //ar.knoema.com/mjaekdc/indonesia-short-term-economic-profile-prices-and-unemployment 2021-05-14T12:15:10Z Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Indonesia Short Term Economic Profile: Prices and Unemployment

United States | Japan | European Union | Euro Area | Germany | Italy | France | United Kingdom | Australia | Argentina | Canada | Indonesia | Mexico | Saudi Arabia | Korea | Turkey | Brazil | Russia | South Africa | China | India  Real Sector | Financial Sector | Foreign Sector | Prices and Unemployment Consumer Prices, Unemployment Rate

Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
COVID-19 Pandemic Has Devalued Online Dollar //ar.knoema.com/dvkiamc/covid-19-pandemic-has-devalued-online-dollar 2021-04-15T06:26:28Z Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
COVID-19 Pandemic Has Devalued Online Dollar

(5 April 2021) In 2020, for the first time since Adobe began tracking digital purchasing power, US consumers were getting less for their online dollars than they had the previous year.The rise in consumer demand and online sales in the second half of 2020, stimulated by US government spending, easing of monetary policy, and pent-up demand from the early months of the pandemic, was met with supply chain disruptions and rising prices.The online dollar continued to weaken in the opening months of 2021. In February, online inflation was evident in 13 product categories out of 18 tracked by Adobe. In the same month a year ago, online prices were increasing for only five product categories. While the Consumer Price Index (CPI) continues to stay well below the Federal Reserve's 2% target, the reverse in the long-term online pricing trend could be an early signal of accelerating inflation in the near future.

Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
Movement of Gold Prices and Inflation in India //ar.knoema.com/xtanql/movement-of-gold-prices-and-inflation-in-india 2020-03-25T02:40:03Z Nematullah Khan ar.knoema.com://ar.knoema.com/user/1975840
Movement of Gold Prices and Inflation in India

Nematullah Khan ar.knoema.com://ar.knoema.com/user/1975840
China: Coronavirus Accelerating Inflation //ar.knoema.com/uapoajd/china-coronavirus-accelerating-inflation 2020-03-05T06:17:00Z Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
China: Coronavirus Accelerating Inflation

Last month, inflation in China hit its highest level in more than eight years. While many businesses in China are closed due to coronavirus, increasing government spending to fight the outbreak may accelerate inflation still further due to supply shortages.China’s consumer price index rose 5.4 percent on a year-over-year basis in January, after a 4.5 percent increase in December, according to the National Bureau of Statistics of China (NBS).The NBS attributed January's inflation figures to the Lunar New Year holiday, the coronavirus outbreak, and a lower price base from last year.January’s jump was mainly fueled by the rising price of meats (especially pork) due to the Asian swine fever that has decimated hog populations in China. Meat prices almost doubled in January compared to the same month of 2019.   

Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
India’s CPI Inflation Spiked to 7.4% in December 2019 //ar.knoema.com/evcpnfd/india-s-cpi-inflation-spiked-to-7-4-in-december-2019 2020-01-15T16:22:42Z Nematullah Khan ar.knoema.com://ar.knoema.com/user/1975840
India’s CPI Inflation Spiked to 7.4% in December 2019

India's retail inflation accelerated to 7.4 percent YoY in December as compared to 5.5 percent in November 2019, owing to volatile vegetable and onion prices. The inflation was previously slumbering along at 2 percent from November 2018 to April 2019 and around 3 percent from May 2019 to August 2019. Since October 2019, it has started breaching the Reserve Bank of India's (RBI) medium-term target of 4 percent.   The food items that constitute around half of the inflation basket (48.2%) grew 14 percent in December compared to 10 percent in November. Within the food and beverages category, vegetable prices rose 60 percent in December compared to 36 percent in November 2019.   Core inflation - excluding volatile prices of items such as food and energy - grew modestly at 3.7 percent in December, led by increases in freight and telecom rates. The stagnant core inflation that has more weightage (around 52 percent) as compared to food and beverages weightage (around 48 percent) reflects subdued demand in the economy.    December inflation represents a breach of the RBI’s upper bound on inflation (2-6% target) for the first time since July 2016. Citing inflation concerns, the RBI kept interest rates unchanged in its December 2019 meeting. The central bank is likely to face a policy dilemma in the next monetary policy committee meeting in February as the Indian economy is facing stagflation and high inflation coupled with low GDP growth. 

Nematullah Khan ar.knoema.com://ar.knoema.com/user/1975840
India’s CPI Inflation Jumped to 5.54 Percent in November 2019 //ar.knoema.com/ayxxemc/india-s-cpi-inflation-jumped-to-5-54-percent-in-november-2019 2019-12-13T11:36:16Z Nematullah Khan ar.knoema.com://ar.knoema.com/user/1975840
India’s CPI Inflation Jumped to 5.54 Percent in November 2019

India's retail inflation grew 5.54 percent YoY in November compared to 4.62 percent in October 2019, led by vegetables and onions price. The food price inflation that constitutes around half of the inflation basket, grew 10 percent in November compared to 7.89 percent in previous month. Within food and beverages category, vegetable prices rose 36 percent in November compared to 26.1 percent and pulses rose to 13.94 percent in November compared to 11.72 percent in October. Seasonal food supply constraint is likely to put upward pressure on inflation in coming months.   Core Inflation that excludes volatile prices of items such as food and energy remained modest at around 3.5 percent in November 2019. The stagnant core inflation reflects the subdued demand in the economy. However, increase in telecom tariffs could push core inflation in coming months.   November inflation print, breaches RBI’s medium-term target of 4 percent for the second consecutive month. The surging inflation coupled with low GDP growth and declining industrial production possess policy challenge to RBI. However, MPC has given weightage to inflationary concerns over economic growth in its last meeting.

Nematullah Khan ar.knoema.com://ar.knoema.com/user/1975840
Inflation in Saudi Arabia //ar.knoema.com/zgqonge/inflation-in-saudi-arabia 2019-11-25T10:29:11Z Nematullah Khan ar.knoema.com://ar.knoema.com/user/1975840
Inflation in Saudi Arabia

Consumer price inflation rose 0.19 percent MoM in October, no change from September 2019 print. Housing and utilities increased 0.68 percent MoM in October compare to 0.1 percent growth in September 2019, while transportation contracted further to 0.41 percent from 0.25 percent in September 2019.   In annual terms, consumer prices contracted 0.28 percent YoY in October compared to 0.75 percent decline in September 2019.

Nematullah Khan ar.knoema.com://ar.knoema.com/user/1975840
India’s CPI inflation Spiked to 4.62 percent in October 2019 //ar.knoema.com/xdzyymd/india-s-cpi-inflation-spiked-to-4-62-percent-in-october-2019 2019-11-13T21:41:44Z Nematullah Khan ar.knoema.com://ar.knoema.com/user/1975840
India’s CPI inflation Spiked to 4.62 percent in October 2019

India’s retail inflation spiked to 4.62 percent YoY in October compared to 3.99 percent in August 2019, driven by food prices as unpredictable rains disrupted supply of vegetables. The retail inflation surpassed the RBI’s medium-term target of 4 percent for the first time since July 2018.   Food price inflation, which amounts around half of the inflation basket, grew 7.89 percent in October compared to 5.11 percent in September. Within food and beverages category, vegetable prices rose highest 26.1 percent in October compared to 15.47 percent in September and pulses rose to 11.72 percent in October as compared 8.4 percent in September 2019.   Core Inflation, which excludes volatile items price such as food and energy, contracted to 3.44 percent in October compared to 4.02 percent in September 2019. The decline in the core inflation reflects the subdued demand in the economy.   Inflation by Area: Rural and Urban.Urban inflation ticked up 5.11 percent in October compared to 4.78 percent in September 2019, while food inflation jumped to 10.47 percent in October compared to 8.76 percent in September.Rural inflation rose to 4.29 percent in October compared to 3.24 percent in September 2019, driven by food inflation that grew to 6.42 percent in October compared to 3.22 percent in September 2019. Despite ticked up in retail inflation, the Reserve Bank of India is likely to maintain accommodative stance on more concerned factors such as subdued core inflation, worst performance of industrial growth, weakness in consumer demand and slowing economic growth, at MPC meeting in December 2019.

Nematullah Khan ar.knoema.com://ar.knoema.com/user/1975840
World's inflation //ar.knoema.com/gnxmzxb/world-s-inflation 2019-10-24T16:45:06Z Vladimir Bougay ar.knoema.com://ar.knoema.com/user/1000080
World's inflation

Vladimir Bougay ar.knoema.com://ar.knoema.com/user/1000080
India’s CPI inflation Spiked to 3.9 percent in September 2019 //ar.knoema.com/utzllqc/india-s-cpi-inflation-spiked-to-3-9-percent-in-september-2019 2019-10-14T18:27:21Z Nematullah Khan ar.knoema.com://ar.knoema.com/user/1975840
India’s CPI inflation Spiked to 3.9 percent in September 2019

India’s retail inflation ticked up to 3.99 percent in September compared to 3.28 percent in August 2019, highest since July 2018. The retail inflation was higher than market expectation.   The acceleration in the inflation was largely driven by food and beverages category that ticked up to 4.7 percent in September compared to 2.96 percent in August. Within food and beverages category, vegetable prices rose highest 15.4 percent in September compared to 6.9 percent in August and meat & fish prices rose 10.29 percent in September as compared to 8.51 percent in August. The food price inflation rose to 5.11 in September compared to 2.99 in August 2019, highest since December 2017 as India experienced skewed rainfall across the country.    Rural and Urban:Rural inflation moved up to 3.24 percent in September from 2.25 percent in the previous month.Urban inflation remained flat at 4.78 percent in September as compared to 4.49 percent in the previous month.The gap between rural and urban inflation reduced in September compared to previous month as food inflation helped to push  rural inflation upward. Despite tick up in retail prices more than market expectations, it stayed within the range of RBI’s medium-term target of 4 percent. Given subdued core inflation, weak industrial production (IIP), weakness in consumer demand, RBI is likely to maintain accommodative stance in coming MPC meeting. Moreover, global factors such as volatility in crude oil prices in the near term, weakness in global demand, persisting geopolitical uncertainties would also help to maintain rate cut cycle in coming MPC meeting in December 2019.

Nematullah Khan ar.knoema.com://ar.knoema.com/user/1975840
India’s CPI inflation Inches up to 3.21 percent in August 2019 //ar.knoema.com/fxexqzd/india-s-cpi-inflation-inches-up-to-3-21-percent-in-august-2019 2019-09-13T09:39:27Z Nematullah Khan ar.knoema.com://ar.knoema.com/user/1975840
India’s CPI inflation Inches up to 3.21 percent in August 2019

India’s retail inflation ticked up to 3.21 percent in August compared to 3.15 percent in July, highest in last ten months. The acceleration in the inflation was largely due to rise in food items like meat and fish, vegetables and pulses.   Core inflation, which excludes volatile items price such as food and energy, contracted marginally to 4.20 percent in August from 4.25 percent in July. The contraction in the core inflation has been indicating weak demand in the economy.   Despite a small tick up in headline inflation, it stayed below RBI’s medium-term target of 4 percent. Given the subdued inflationary pressure, falling manufacturing PMI , industrial production index  and slowing economic growth, RBI has lowered its repo rate by 110bps over last four MPC meetings.  Given the subdued inflationary pressure and slowing economy, RBI could cut rates further in the next MPC meets on 4th Oct 2019.

Nematullah Khan ar.knoema.com://ar.knoema.com/user/1975840
Indonesia's Economic Growth Slowed to 5.05 Percent in Q2 2019 //ar.knoema.com/xbivmve/indonesia-s-economic-growth-slowed-to-5-05-percent-in-q2-2019 2019-08-28T12:07:56Z Nematullah Khan ar.knoema.com://ar.knoema.com/user/1975840
Indonesia's Economic Growth Slowed to 5.05 Percent in Q2 2019

Indonesia’s economic growth slowed marginally in Q2 2019, driven by declining exports and slowing investment growth. Southeast Asia’s largest economy grew 5.05 percent y-o-y last quarter compared to 5.07 percent growth in Q1 2019. However, the economy has been growing consistently around five percent for the last 15 quarters.

Nematullah Khan ar.knoema.com://ar.knoema.com/user/1975840
Indonesia’s Economy Grows by 5.07% in Q1 2019 //ar.knoema.com/gimgdxb/indonesia-s-economy-grows-by-5-07-in-q1-2019 2019-08-07T07:09:55Z Nematullah Khan ar.knoema.com://ar.knoema.com/user/1975840
Indonesia’s Economy Grows by 5.07% in Q1 2019

Indonesia’s economy, the largest economy in Southeast Asia, grew 5.1 percent in Q1 2019, slightly lower than market expectations, and some experts expect even strongly growth in the years ahead. The economy has grown consistently at around 5 percent for the last 14 quarters, despite capital outflows from emerging markets during 2018.Reforms that have improved the business climate and fiscal incentives to develop manufacturing units have helped support the economy's robust growth.Growth in private and government investment spending has also helped to moderate Indonesia's current account deficit, which had grown during 2018 due to imports used in infrastructure and private investments.The World Bank expects Indonesia’s economy will grow by 5.2 percent in 2019 and 5.3 percent in 2020, supported by private spending, which is backed by stable inflation and a strong labour market outlook as well continued government financial assistance to households.

Nematullah Khan ar.knoema.com://ar.knoema.com/user/1975840
Inflation Rate by Country 2019 | Data and Charts //ar.knoema.com/uasxtte/inflation-rate-by-country-2019-data-and-charts 2019-07-29T10:53:28Z Anna Volegova ar.knoema.com://ar.knoema.com/user/1052610
Inflation Rate by Country 2019 | Data and Charts

Inflation is a phenomenon of persistent growth of the overall price level in an economy. Inflation rate shows how fast prices are growing and is usually calculated as the percentage change of the price level over the previous year. Deflation, in turn, is a persistent decline in prices, which is a more rare phenomenon than inflation. Countries with the highest inflation rate in the world in 2019 are Venezuela, Zimbabwe, Sudan, Argentina, and Iran. But how to measure the price level? There are two major approaches used in practice: consumer price index (CPI) and GDP deflator. The GDP deflator is the ratio of nominal GDP to real GDP (in calculating nominal GDP, quantities of products sold are multiplied by current prices in each period while in calculating real GDP, quantities are multiplied by constant prices as if they do not change from period to period). So, GDP deflator shows the price level of all goods and services produced in an economy. Consumer price index, in turn, shows price level of only of a subset of products consumed in an economy which excludes goods and services sold to firms - like equipment - and includes imported products (not included in GDP deflator). Inflation rates measured through CPI and GDP deflator, give, in general, similar results. But consumer price inflation is usually published by national statistical agencies of countries on a monthly basis, while GDP deflator - once a quarter, in line with GDP data. This page presents the list of countries by inflation rate measured in both consumer price index and GDP deflator. There is a negative relationship between inflation and unemployment rate known as the Phillips relationship in the macroeconomy. It means that in the periods of low unemployment, inflation tends to grow and in periods of high unemployment inflation tends to decrease. The inflation rate is closely monitored by central banks of countries as it may increase uncertainty, affect income distribution, and create other skewness. Targeting inflation rate is one of the instruments of monetary policies.

Anna Volegova ar.knoema.com://ar.knoema.com/user/1052610
India’s CPI inflation Inches up to 3.05% in May, 2019 //ar.knoema.com/pielvxf/india-s-cpi-inflation-inches-up-to-3-05-in-may-2019 2019-06-13T12:32:20Z Nematullah Khan ar.knoema.com://ar.knoema.com/user/1975840
India’s CPI inflation Inches up to 3.05% in May, 2019

India’s consumer price inflation ticked up to 3.05% in May, highest in the last seven months, from revised number of 2.99%, in April, 2019. The acceleration in the inflation was largely due to rise in pulses (2.13% in May from deflation of 0.81% in April) and vegetable prices (5.46% in May vs. 2.87% in April) resulting into overall food inflation accelerating to 1.83% in May, as compared to 1.10% in the previous month. Food inflation could pick up further in coming months if there is shortfalls in rain during this monsoon season. The core inflation declined to 4.2% in May from 4.5% in April, 2019 due to weak domestic demand in the Indian economy. In spite of marginal increase in headline inflation, it stayed below RBI’s medium term target of 4% for ten consecutive months. Given the subdued inflationary pressure, lower manufacturing PMI in May and slowing economic growth, RBI had lowered its repo rate by 25bps to 5.75% in the last MPC meet in June, third consecutive rate cut since February, 2019.

Nematullah Khan ar.knoema.com://ar.knoema.com/user/1975840
India's CPI Inflation Rises Marginally to 2.92% in April 2019 //ar.knoema.com/bsgzeh/india-s-cpi-inflation-rises-marginally-to-2-92-in-april-2019 2019-05-31T11:14:45Z Nematullah Khan ar.knoema.com://ar.knoema.com/user/1975840
India's CPI Inflation Rises Marginally to 2.92% in April 2019

India’s consumer price inflation rose marginally to 2.92% on YoY in April 2019, stays below RBI’s benchmark at 4%. Inflation has increased by 1.87% and 4.1% in rural and urban areas respectively. Among the CPI components, food and beverages inflation increased to 1.38% in April from 0.66% in March 2019. Within food items, the inflation for meat and fish has increased to 7.55% and vegetables 2.87%, whereas inflation for fruits has declined to 4.89% in April 2019.The inflation for housing fell to 4.7%, while for miscellaneous, transport and communication items fell to 5.1% and 2.2% respectively in April 2019. The core inflation has been declined to 4.5% in April from 5.1% in March 2019. This reflects slowdown in consumer demand. Given the lower inflation and slowdown in industrial production, market seems to believe that the lower growth has created room for RBI to cut the rates further when Monetary Policy Committee (MPC) meets in June, 2019 for the policy review. The Central bank has cut the key policy rate by 25bps each in it last two policy reviews. However, oil prices at international market, fiscal situation of the economy and monsoon strength are going to pose challenge to MPC when they meet for the policy review.

Nematullah Khan ar.knoema.com://ar.knoema.com/user/1975840
Which Food Items are Costlier Now Compared to the Previous Month & Year? //ar.knoema.com/mufgz/which-food-items-are-costlier-now-compared-to-the-previous-month-year 2019-05-14T23:42:25Z Balaji S ar.knoema.com://ar.knoema.com/user/1000220
Which Food Items are Costlier Now Compared to the Previous Month & Year?

Balaji S ar.knoema.com://ar.knoema.com/user/1000220
US Inflation //ar.knoema.com/dniwemb/us-inflation 2019-04-29T06:44:05Z Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
US Inflation

Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Statistics: OECD Consumer Price Indices //ar.knoema.com/flpqpkd/statistics-oecd-consumer-price-indices 2019-03-04T13:14:51Z Mikhail Zhukovskii ar.knoema.com://ar.knoema.com/user/1293430
Statistics: OECD Consumer Price Indices

Consumer Price Indices (CPIs) measure the average changes in the prices of consumer goods and services purchased by households. In most instances, CPIs are compiled in accordance with international statistical guidelines and recommendations. However, national practices may depart from these guidelines, and these departures may impact on international comparability between countries. OECD releases updated version of Consumer Price Indices every months. Event Holder: OECD

Mikhail Zhukovskii ar.knoema.com://ar.knoema.com/user/1293430
U.S. Consumer Price Inflation //ar.knoema.com/sdpzrnd/u-s-consumer-price-inflation 2019-01-19T21:06:59Z Nematullah Khan ar.knoema.com://ar.knoema.com/user/1975840
U.S. Consumer Price Inflation

The U.S. consumer price inflation fell to 1.9% on year-on-year basis in Dec 2018 in line with market expectations, mainly due to a sharp decline in energy prices. The consumer prices for energy fell to 0.3% over the past 12 months. Among the energy commodities, gasoline declined sharply 2.1% over the last year, whereas electricity and natural gas prices have increased 1.1% and 2.3% respectively. However, pressure on the core consumer price that excludes volatile food and energy prices remained firm as rental housing and healthcare costs rose steadily. The core inflation increased 2.2% in Dec 2018 compared to a year ago. This is slightly higher than the 2% long term target of the Federal Reserve, the US central bank.

Nematullah Khan ar.knoema.com://ar.knoema.com/user/1975840
Senegal in 2020 //ar.knoema.com/xotxqx/senegal-in-2020 2018-11-15T08:59:20Z Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Senegal in 2020

Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Consumer price Inflation in Malaysia //ar.knoema.com/pnujfsg/consumer-price-inflation-in-malaysia 2018-10-18T13:43:07Z Nematullah Khan ar.knoema.com://ar.knoema.com/user/1975840
Consumer price Inflation in Malaysia

Nematullah Khan ar.knoema.com://ar.knoema.com/user/1975840
CPI - Inflation by Country //ar.knoema.com/wvlmrud/cpi-inflation-by-country 2018-07-10T08:21:08Z Balaji S ar.knoema.com://ar.knoema.com/user/1000220
CPI - Inflation by Country

Balaji S ar.knoema.com://ar.knoema.com/user/1000220
Cuba: Planned Economy, Mixed Results //ar.knoema.com/euddccg/cuba-planned-economy-mixed-results 2018-06-19T11:05:25Z Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Cuba: Planned Economy, Mixed Results

50+ Years of Cuba's economic performance | Who trades with Cuba?

Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Seven Big Summits: 44th Group of Seven (G7) Presidency //ar.knoema.com/akbjrkf/seven-big-summits-44th-group-of-seven-g7-presidency 2018-01-29T12:36:21Z Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Seven Big Summits: 44th Group of Seven (G7) Presidency

Canada is proud to host the 2018 G7 Summit in Charlevoix. This vibrant region captures everything that our country is about – from bilingualism, to cultural diversity, to stunning scenery in every season. I look forward to welcoming my counterparts this year in beautiful Charlevoix. I’m sure they will fall in love with the region, just as Canadians have done for generations. Event date: 8-9 June 2018 Location: Canada The Nuclear Security Summit | UN General Assembly Special Session on the World Drug Problem | World Humanitarian Summit | Group of Seven Summit | Group of Twenty Summit | Habitat III | Conference of Parties to the UN Framework Convention on Climate Change

Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Inflation, GDP Deflator and Exchange Rates in African Countries //ar.knoema.com/fxbort/inflation-gdp-deflator-and-exchange-rates-in-african-countries 2018-01-11T15:05:10Z Balaji S ar.knoema.com://ar.knoema.com/user/1000220
Inflation, GDP Deflator and Exchange Rates in African Countries

Balaji S ar.knoema.com://ar.knoema.com/user/1000220
Health Inflation Sub-Saharan Africa //ar.knoema.com/jpecqtd/health-inflation-sub-saharan-africa 2017-10-12T07:52:01Z Diederik van Eck ar.knoema.com://ar.knoema.com/user/1062870
Health Inflation Sub-Saharan Africa

Diederik van Eck ar.knoema.com://ar.knoema.com/user/1062870
Seven Big Summits: Group of Twenty Summit 2017 //ar.knoema.com/gttdepg/seven-big-summits-group-of-twenty-summit-2017 2017-08-23T06:27:28Z Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Seven Big Summits: Group of Twenty Summit 2017

The 2017 G20 Hamburg summit will be the twelfth meeting of the Group of Twenty (G20). It will be held on 7–8 July 2017 in the city of Hamburg, Germany.   The Nuclear Security Summit | UN General Assembly Special Session on the World Drug Problem | World Humanitarian Summit | Group of Seven Summit | Group of Twenty Summit | Habitat III | Conference of Parties to the UN Framework Convention on Climate Change

Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
India Food Inflation Trends (WPI) //ar.knoema.com/ukqzeqf/india-food-inflation-trends-wpi 2017-07-12T12:33:15Z Sridhar Venkataraman ar.knoema.com://ar.knoema.com/user/1024550
India Food Inflation Trends (WPI)

WPI Data for the timeframe Jan 2006 till date.  The first graph shows the data for Cereals and Pulses, the second for Vegetables & Fruits, the third for OIlseeds, the fourth for Spices, Tea, Coffee & Sugar.  Use the Maximize option on any graph to show in fullscreen mode. Inputs/Suggestions/Comments to sridharve@gmail.com.

Sridhar Venkataraman ar.knoema.com://ar.knoema.com/user/1024550
Inflation Latest //ar.knoema.com/ufcdzkf/inflation-latest 2017-07-12T12:33:10Z Dharani Meenakshi Nathan ar.knoema.com://ar.knoema.com/user/1007120
Inflation Latest

Dharani Meenakshi Nathan ar.knoema.com://ar.knoema.com/user/1007120
Food Price Trend in this year comparing previous year //ar.knoema.com/naluvvc/food-price-trend-in-this-year-comparing-previous-year 2017-07-12T12:33:02Z Balaji S ar.knoema.com://ar.knoema.com/user/1000220
Food Price Trend in this year comparing previous year

Here is the Food price changes Since Jan 2014 in comparing with previous year same time.  Source: Whole Sale Price Index

Balaji S ar.knoema.com://ar.knoema.com/user/1000220
Trend of WPI& IIP //ar.knoema.com/tztqorb/trend-of-wpi-iip 2017-07-12T12:32:59Z Balaji S ar.knoema.com://ar.knoema.com/user/1000220
Trend of WPI& IIP

Compare the trend between Whole Price Index (WPI) & Industrial Production Index (IIP)

Balaji S ar.knoema.com://ar.knoema.com/user/1000220
U.S. Producer Price Index //ar.knoema.com/huleuog/u-s-producer-price-index 2016-06-24T08:17:38Z Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
U.S. Producer Price Index

Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Which State is costlier to live in India //ar.knoema.com/maedqxf/which-state-is-costlier-to-live-in-india 2016-04-18T06:39:58Z Balaji S ar.knoema.com://ar.knoema.com/user/1000220
Which State is costlier to live in India

Balaji S ar.knoema.com://ar.knoema.com/user/1000220
Tur Dhal Retail Price Movement in India //ar.knoema.com/ngrcppe/tur-dhal-retail-price-movement-in-india 2016-04-13T05:48:54Z Balaji S ar.knoema.com://ar.knoema.com/user/1000220
Tur Dhal Retail Price Movement in India

Balaji S ar.knoema.com://ar.knoema.com/user/1000220
India Short Term Economic Profile: Prices and Unemployment //ar.knoema.com/suglfrg/india-short-term-economic-profile-prices-and-unemployment 2016-02-29T10:11:40Z Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
India Short Term Economic Profile: Prices and Unemployment

United States | Japan | European Union | Euro Area | Germany | Italy | France | United Kingdom | Australia | Argentina | Canada | Indonesia | Mexico | Saudi Arabia | Korea | Turkey | Brazil | Russia | South Africa | China | India  Real Sector | Financial Sector | Foreign Sector | Prices and Unemployment Consumer Prices, Producer Prices, Unemployment Rate

Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Brazil Short Term Economic Profile: Prices and Unemployment //ar.knoema.com/daobrlf/brazil-short-term-economic-profile-prices-and-unemployment 2016-02-29T10:11:38Z Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Brazil Short Term Economic Profile: Prices and Unemployment

United States | Japan | European Union | Euro Area | Germany | Italy | France | United Kingdom | Australia | Argentina | Canada | Indonesia | Mexico | Saudi Arabia | Korea | Turkey | Brazil | Russia | South Africa | China | India  Real Sector | Financial Sector | Foreign Sector | Prices and Unemployment Consumer Prices, Producer Prices, Unemployment Rate

Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Argentina Short Term Economic Profile: Prices and Unemployment //ar.knoema.com/qlcouce/argentina-short-term-economic-profile-prices-and-unemployment 2016-02-29T10:11:38Z Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Argentina Short Term Economic Profile: Prices and Unemployment

United States | Japan | European Union | Euro Area | Germany | Italy | France | United Kingdom | Australia | Argentina | Canada | Indonesia | Mexico | Saudi Arabia | Korea | Turkey | Brazil | Russia | South Africa | China | India  Real Sector | Financial Sector | Foreign Sector | Prices and Unemployment Consumer Prices, Producer Prices, Unemployment Rate

Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Euro Area (18 countries) Short Term Economic Profile: Prices and Unemployment //ar.knoema.com/tynbusg/euro-area-18-countries-short-term-economic-profile-prices-and-unemployment 2016-02-11T05:41:50Z Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Euro Area (18 countries) Short Term Economic Profile: Prices and Unemployment

United States | Japan | European Union | Euro Area | Germany | Italy | France | United Kingdom | Australia | Argentina | Canada | Indonesia | Mexico | Saudi Arabia | Korea | Turkey | Brazil | Russia | South Africa | China | India  Real Sector | Financial Sector | Foreign Sector | Prices and Unemployment Consumer Prices, Producer Prices, Harmonised Unemployment Rate

Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
European Union (28 countries) Short Term Economic Profile: Prices and Unemployment //ar.knoema.com/ysvlonc/european-union-28-countries-short-term-economic-profile-prices-and-unemployment 2016-02-02T06:54:20Z Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
European Union (28 countries) Short Term Economic Profile: Prices and Unemployment

United States | Japan | European Union | Euro Area | Germany | Italy | France | United Kingdom | Australia | Argentina | Canada | Indonesia | Mexico | Saudi Arabia | Korea | Turkey | Brazil | Russia | South Africa | China | India  Real Sector | Financial Sector | Foreign Sector | Prices and Unemployment Consumer Prices, Producer Prices, Harmonised Unemployment Rate

Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Japan Short Term Economic Profile: Prices and Unemployment //ar.knoema.com/kujcrwd/japan-short-term-economic-profile-prices-and-unemployment 2016-02-01T07:21:02Z Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Japan Short Term Economic Profile: Prices and Unemployment

United States | Japan | European Union | Euro Area | Germany | Italy | France | United Kingdom | Australia | Argentina | Canada | Indonesia | Mexico | Saudi Arabia | Korea | Turkey | Brazil | Russia | South Africa | China | India  Real Sector | Financial Sector | Foreign Sector | Prices and Unemployment Consumer Prices, Producer Prices, Harmonised Unemployment Rate

Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Saudi Arabia Short Term Economic Profile: Prices and Unemployment //ar.knoema.com/vdmqdrb/saudi-arabia-short-term-economic-profile-prices-and-unemployment 2015-10-31T06:41:02Z Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Saudi Arabia Short Term Economic Profile: Prices and Unemployment

United States | Japan | European Union | Euro Area | Germany | Italy | France | United Kingdom | Australia | Argentina | Canada | Indonesia | Mexico | Saudi Arabia | Korea | Turkey | Brazil | Russia | South Africa | China | India  Real Sector | Financial Sector | Foreign Sector | Prices and Unemployment Consumer Prices, Producer Prices

Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Australia Short Term Economic Profile: Prices and Unemployment //ar.knoema.com/tpfyydb/australia-short-term-economic-profile-prices-and-unemployment 2015-10-31T06:35:51Z Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Australia Short Term Economic Profile: Prices and Unemployment

United States | Japan | European Union | Euro Area | Germany | Italy | France | United Kingdom | Australia | Argentina | Canada | Indonesia | Mexico | Saudi Arabia | Korea | Turkey | Brazil | Russia | South Africa | China | India  Real Sector | Financial Sector | Foreign Sector | Prices and Unemployment Consumer Prices, Producer Prices, Harmonised Unemployment Rate

Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Italy Short Term Economic Profile: Prices and Unemployment //ar.knoema.com/mucrvke/italy-short-term-economic-profile-prices-and-unemployment 2015-10-30T06:35:54Z Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Italy Short Term Economic Profile: Prices and Unemployment

United States | Japan | European Union | Euro Area | Germany | Italy | France | United Kingdom | Australia | Argentina | Canada | Indonesia | Mexico | Saudi Arabia | Korea | Turkey | Brazil | Russia | South Africa | China | India  Real Sector | Financial Sector | Foreign Sector | Prices and Unemployment Consumer Prices, Producer Prices, Harmonised Unemployment Rate

Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
France Short Term Economic Profile: Prices and Unemployment //ar.knoema.com/jugdcvf/france-short-term-economic-profile-prices-and-unemployment 2015-10-30T06:35:25Z Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
France Short Term Economic Profile: Prices and Unemployment

United States | Japan | European Union | Euro Area | Germany | Italy | France | United Kingdom | Australia | Argentina | Canada | Indonesia | Mexico | Saudi Arabia | Korea | Turkey | Brazil | Russia | South Africa | China | India  Real Sector | Financial Sector | Foreign Sector | Prices and Unemployment Consumer Prices, Producer Prices, Harmonised Unemployment Rate

Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Canada Short Term Economic Profile: Prices and Unemployment //ar.knoema.com/egxrrgf/canada-short-term-economic-profile-prices-and-unemployment 2015-10-30T06:35:09Z Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Canada Short Term Economic Profile: Prices and Unemployment

United States | Japan | European Union | Euro Area | Germany | Italy | France | United Kingdom | Australia | Argentina | Canada | Indonesia | Mexico | Saudi Arabia | Korea | Turkey | Brazil | Russia | South Africa | China | India  Real Sector | Financial Sector | Foreign Sector | Prices and Unemployment Consumer Prices, Producer Prices, Harmonised Unemployment Rate

Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Germany Short Term Economic Profile: Prices and Unemployment //ar.knoema.com/afkumsb/germany-short-term-economic-profile-prices-and-unemployment 2015-10-30T06:34:42Z Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Germany Short Term Economic Profile: Prices and Unemployment

United States | Japan | European Union | Euro Area | Germany | Italy | France | United Kingdom | Australia | Argentina | Canada | Indonesia | Mexico | Saudi Arabia | Korea | Turkey | Brazil | Russia | South Africa | China | India  Real Sector | Financial Sector | Foreign Sector | Prices and Unemployment Consumer Prices, Producer Prices, Harmonised Unemployment Rate

Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
United Kingdom Short Term Economic Profile: Prices and Unemployment //ar.knoema.com/hyisvab/united-kingdom-short-term-economic-profile-prices-and-unemployment 2015-10-30T06:34:27Z Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
United Kingdom Short Term Economic Profile: Prices and Unemployment

United States | Japan | European Union | Euro Area | Germany | Italy | France | United Kingdom | Australia | Argentina | Canada | Indonesia | Mexico | Saudi Arabia | Korea | Turkey | Brazil | Russia | South Africa | China | India  Real Sector | Financial Sector | Foreign Sector | Prices and Unemployment Consumer Prices, Producer Prices, Harmonised Unemployment Rate

Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
United States Short Term Economic Profile: Prices and Unemployment //ar.knoema.com/mytcwof/united-states-short-term-economic-profile-prices-and-unemployment 2015-10-30T06:34:05Z Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
United States Short Term Economic Profile: Prices and Unemployment

United States | Japan | European Union | Euro Area | Germany | Italy | France | United Kingdom | Australia | Argentina | Canada | Indonesia | Mexico | Saudi Arabia | Korea | Turkey | Brazil | Russia | South Africa | China | India  Real Sector | Financial Sector | Foreign Sector | Prices and Unemployment Consumer Prices, Producer Prices, Harmonised Unemployment Rate

Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
China Short Term Economic Profile: Prices and Unemployment //ar.knoema.com/prnemxe/china-short-term-economic-profile-prices-and-unemployment 2015-10-26T13:58:06Z Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
China Short Term Economic Profile: Prices and Unemployment

United States | Japan | European Union | Euro Area | Germany | Italy | France | United Kingdom | Australia | Argentina | Canada | Indonesia | Mexico | Saudi Arabia | Korea | Turkey | Brazil | Russia | South Africa | China | India  Real Sector | Financial Sector | Foreign Sector | Prices and Unemployment Consumer Prices, Producer Prices, Unemployment Rate

Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
CPI vs WPI in India //ar.knoema.com/ixcgjce/cpi-vs-wpi-in-india 2015-07-29T08:10:37Z Balaji S ar.knoema.com://ar.knoema.com/user/1000220
CPI vs WPI in India

Inflation in India is primarily measured by WPI (Wholesale Price Index). But, most of the developed economies, Inflation is measured by the Consumer Price Index. This puts the WPI data is not directly comparable with other countries CPI data. Later CPI is started being measured from Jan 2011 onwards. Below chart shows the comparison of how WPI & CPI varies over time. Note: It is time for India to re-base WPI, as the last time the re-base was done in 2004.

Balaji S ar.knoema.com://ar.knoema.com/user/1000220
South Africa Short Term Economic Profile: Prices and Unemployment //ar.knoema.com/mdzgsng/south-africa-short-term-economic-profile-prices-and-unemployment 2015-07-09T07:07:53Z Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
South Africa Short Term Economic Profile: Prices and Unemployment

United States | Japan | European Union | Euro Area | Germany | Italy | France | United Kingdom | Australia | Argentina | Canada | Indonesia | Mexico | Saudi Arabia | Korea | Turkey | Brazil | Russia | South Africa | China | India  Real Sector | Financial Sector | Foreign Sector | Prices and Unemployment Consumer Prices, Producer Prices, Unemployment Rate

Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Russia Short Term Economic Profile: Prices and Unemployment //ar.knoema.com/lkdhxy/russia-short-term-economic-profile-prices-and-unemployment 2015-07-09T06:13:29Z Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Russia Short Term Economic Profile: Prices and Unemployment

United States | Japan | European Union | Euro Area | Germany | Italy | France | United Kingdom | Australia | Argentina | Canada | Indonesia | Mexico | Saudi Arabia | Korea | Turkey | Brazil | Russia | South Africa | China | India  Real Sector | Financial Sector | Foreign Sector | Prices and Unemployment Consumer Prices, Producer Prices, Unemployment Rate

Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Turkey Short Term Economic Profile: Prices and Unemployment //ar.knoema.com/qdmjxmc/turkey-short-term-economic-profile-prices-and-unemployment 2015-07-07T07:38:19Z Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Turkey Short Term Economic Profile: Prices and Unemployment

United States | Japan | European Union | Euro Area | Germany | Italy | France | United Kingdom | Australia | Argentina | Canada | Indonesia | Mexico | Saudi Arabia | Korea | Turkey | Brazil | Russia | South Africa | China | India  Real Sector | Financial Sector | Foreign Sector | Prices and Unemployment Consumer Prices, Producer Prices, Harmonised Unemployment Rate

Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Korea Short Term Economic Profile: Prices and Unemployment //ar.knoema.com/yvvebrb/korea-short-term-economic-profile-prices-and-unemployment 2015-07-07T07:05:10Z Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Korea Short Term Economic Profile: Prices and Unemployment

United States | Japan | European Union | Euro Area | Germany | Italy | France | United Kingdom | Australia | Argentina | Canada | Indonesia | Mexico | Saudi Arabia | Korea | Turkey | Brazil | Russia | South Africa | China | India  Real Sector | Financial Sector | Foreign Sector | Prices and Unemployment Consumer Prices, Producer Prices, Harmonised Unemployment Rate

Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Mexico Term Economic Profile: Prices and Unemployment //ar.knoema.com/dzxavi/mexico-term-economic-profile-prices-and-unemployment 2015-07-07T06:12:30Z Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
 Mexico Term Economic Profile: Prices and Unemployment

United States | Japan | European Union | Euro Area | Germany | Italy | France | United Kingdom | Australia | Argentina | Canada | Indonesia | Mexico | Saudi Arabia | Korea | Turkey | Brazil | Russia | South Africa | China | India  Real Sector | Financial Sector | Foreign Sector | Prices and Unemployment Consumer Prices, Producer Prices, Harmonised Unemployment Rate

Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Understanding US unemployment & inflation measures //ar.knoema.com/lflqogb/understanding-us-unemployment-inflation-measures 2015-04-27T18:19:48Z Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Understanding US unemployment & inflation measures

Today, Jan 28 US Federal Reserve's Open Market Committee (FOMC) will hold a regular meeting and shall formulate its vision of US monetary policy for the near future. Due to fallen commodities prices and changes in monetary policy in Europe, financial markets expect the US Fedcan alsochange therhetoric andmove thepreviously expectedrate hikesand policy tightening further inthe future. Let's try to take a deeper look at main indicators US Fed uses for setting policy guidelines according to its dual mandate: employment situation and inflation rates. As the FOMC has repeatedly stated, it does not use a "mechanistic" approach to the determination of current labor market's condition, but considers the situation in the complex. There are 6 main indicators of unemployment in the US: the "main" or "official" unemployment rate (according to the International Labour Organization definition of "unemployment") and 5 other measures. "Official" unemployment rate (or U-3) is a percent of total labor force, which includes all jobless persons who want to find a job, available to take a job and have actively sought work in the past four weeks. 3 broader measures are: U4: U3 + "discouraged workers", or those who have stopped looking for work because current economic conditions make them believe that no work is available for them; U5: U4 + other "marginally attached workers", or "loosely attached workers", or those who "would like" and are able to work, but have not looked for work recently for any reason and U6 (broadest measure) includes U3 and U4 + part-time workers who want to work full-time, but cannot due to economic reasons (underemployment). And there are 2 narrower measures: U1: Percentage of labor force unemployed 15 weeks or longer and U2: Percentage of labor force who lost jobs or completed temporary work (for more explanation check this US Bureau of Labor Statistics page) Regarding the inflation FOMC prefers the Personal Consumer Expenditure Price Index less Food & Energy (so called Core PCE Price Index) as the main inflation indicator instead of more widely known Consumer Price Index (CPI or its "core" - less food & energy variant). The reasons for that are complex and explained in detail in various papers from FRS staff (e. g. check this explanations on the FRB of San-Francisco web-page). But as the data shows, all four main inflation measures usually moves close enough. And for now all of it still lower than pre-crisis levels and far enough from FOMC "floating" target range (2%-2.5%). And all six unemployment indicators are still higher than its pre-crisis levels (while each of it improved significantly over the recent years), thereforeit can be concluded that current situation at least not forces FOMC to any policy tightening. And in order to boost economy for some more time, such a decision really may be postponed to later date (than previously expected).

Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
European long-term interest rates & inflation //ar.knoema.com/cqscgpe/european-long-term-interest-rates-inflation 2015-04-27T18:19:42Z Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
European long-term interest rates & inflation

   According to wide-spread market and analyst expectations,todaythe European Central Bank in order torespond to the growingdeflationarytrendswill launcha new Large-Scale Asset Purchase program (LSAP, or, so called, "Quantitatve Easing").However, the massivepurchases of assets(usuallygovernment bonds) by central banksnot only increaseinflation,but also createpressure ongovernment bond yields,which in Europe are on lowest levels for last ten years (see the graph) and in core EMU countries are closeto zero.   Interestingly,that in recent yearsthere wasa clear relationshipbetween the level ofinflationandbond yields on country level:higher inflation rateleads, counterintuitively, to lowerinterest rates on government bonds (see the bubble chart below). A possible explanation forthisis that thelower inflationin some european countriesinduced bylow economic growth.    On the other hand,the higher is the levelof public debt, thehigher are interest rates on government bonds.Thus,the ECB asset purchase program, on the onehand,will stimulateeconomic growthandinflation, and on the otherhand, reduce thecost of debt service which may help to reduce total government debt levels in future.So ECB may create double impact onthe real(inflation-adjusted) interest rate of government bonds,which may become negativeagain, asin 2011-2013(see the ranking gadget on the left). Sources: Long-term interest rate statistics for EU Member States, Monthly, Jan 1993 to December 2014,    World Bank Global Economic Monitor, January 2015, OECD Economic Outlook No 95 - December 2014

Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Inflation, Disinflation and Industrial Production //ar.knoema.com/zknpnu/inflation-disinflation-and-industrial-production 2015-04-27T18:19:30Z Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Inflation, Disinflation and Industrial Production

Disinflationary trend in developed economies, started about 2011, continues. As latest World Bank's Data shows, inflation in developed world in December was at lowest levels since 2008-2009 financial crisis and its clearly going to enter the deflation zone soon. But industrial production, in general, keeps growing, though at a slower pace. In some countries the picture is quite different. E. g., stagflation environment (industrial production contraction accompanied by high inflation rate) can be noticed in India, Indonesia, Brazil & Russia last months. Also, Japan somewhat stagflationary. Recent developments of situation in Ukraine looks like catastrophe (double-digits contraction in industrial production). Select the country from the list at top right of the page to explore recent & historical trends.

Alex Kulikov ar.knoema.com://ar.knoema.com/user/1847910
Inflation and Monetary Policy //ar.knoema.com/bhlrqee/inflation-and-monetary-policy 2015-04-27T12:33:17Z Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
Inflation and Monetary Policy

Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
Inflation and Monetary Policy //ar.knoema.com/ovvlypg/inflation-and-monetary-policy 2014-08-13T10:03:46Z Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
Inflation and Monetary Policy

Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
Zimbabwe Inflation and Monetary Policy //ar.knoema.com/fhkknje/zimbabwe-inflation-and-monetary-policy 2014-07-28T10:04:33Z Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
Zimbabwe Inflation and Monetary Policy

Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
Inflation in European Union //ar.knoema.com/qaqhlbe/inflation-in-european-union 2013-02-06T09:02:57Z Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
Inflation in European Union

Misha Gusev ar.knoema.com://ar.knoema.com/user/1000560
Credit & Market Indicators //ar.knoema.com/stjzktd/credit-market-indicators 2012-04-11T17:20:05Z Misha Gusev ar.knoema.com://ar.knoema.com/user/1000140
Credit & Market Indicators

Misha Gusev ar.knoema.com://ar.knoema.com/user/1000140