Latest news with #CoreInflation
Bloomberg
01-07-2025
- Business
- Bloomberg
Euro-Zone Inflation Ticks Higher to Match ECB's 2% Target
Euro-area inflation settled at the European Central Bank's target in June, strengthening arguments to press pause on a year-long campaign of interest-rate cuts. Consumer prices rose 2% from a year ago, up from May's 1.9%, Eurostat said Tuesday. That matched the median estimate in a Bloomberg survey. Core inflation held steady at 2.3%, as expected, while the closely watched services gauge edged up to 3.3%.
Times
13-05-2025
- Business
- Times
Surprise fall in US inflation after Trump's ‘liberation day'
US inflation unexpectedly declined in the month that President Trump announced his 'liberation day' tariffs, pushed down by falling fuel and food prices. The rate of price growth in the world's largest economy cooled to 2.3 per cent on an annual basis in April, the lowest since February 2021, down from 2.4 per cent the previous month. Wall Street analysts had expected inflation to remain unchanged. On a monthly basis, prices increased by 0.2 per cent, compared with a 0.1 per cent decline in March, but also slightly below analysts' forecasts. Core inflation, which strips out volatile food and energy prices, increased to 0.2 per cent in the month from 0.1 per cent, but was steady at 2.8 per cent year-on-year in April. Fuel oil
