Latest news with #pricegrowth
Bloomberg
6 days ago
- Business
- Bloomberg
Russia Notches Long-Awaited Win in Fight Against Inflation
Monthly price growth in Russia slowed significantly in June, the first meaningful sign that the central bank's battle against inflation may be turning a corner after a protracted period of ultra-tight monetary policy. While the annual inflation rate remains at 9%, well above the central bank's 4% target, current price growth now aligns with that goal after decelerating from the previous month, according to data from the Bank of Russia.
Bloomberg
6 days ago
- Business
- Bloomberg
Why UK Inflation Is So High and What It Means for Interest Rates
While a post-pandemic burst of inflation has abated across much of the developed world, Britain is still stuck with the highest price growth among big western economies. Granted, consumer price inflation (CPI) is now far below where it was in late 2022, when it maxed out at 11.1%. That's after the Bank of England aggressively ramped up benchmark interest rates from almost zero in late 2021 to 5.25% in 2023, sucking money out of the economy by hammering the purchasing power of borrowers.
Bloomberg
12-07-2025
- Business
- Bloomberg
US Inflation to Pick Up on More Tariff Pass-Through
After months of seeing very little inflation, US consumers probably experienced slightly faster price growth in June as companies started to pass along the higher cost of imported merchandise associated with tariffs. Prices of goods and services, excluding volatile food and energy costs, rose 0.3% in June, the most in five months, according to a Bloomberg survey of economists. In May, the so-called core consumer price index edged up 0.1%.
News.com.au
11-07-2025
- Business
- News.com.au
Geelong home prices: Suburbs where values rose in June quarter
Geelong's property market is showing its strongest signs of recovery yet with most suburbs recording price growth over the past three months. House values surged up to 5 per cent in the top performing areas as quarterly median data from PropTrack revealed an uptick in 37 suburbs. Homebuyers will need to find an extra $44,000 to buy a typical house in Manifold Heights, which had the biggest gain, and $25,000 in Wandana Heights. Affordable suburbs again dominated the top of the growth table amid further signs buyers are returning to the market. Median home values rose $19,000 in Thomson, $15,000 in North Geelong and $11,000 in Corio. Units also performed strongly across the board, with prices rising in 19 suburbs. REA Group senior economist Anne Flaherty said the figures signalled a 'strong turnaround in Geelong', particularly when coupled with increasing demand on She said a 10 per cent surge in property searches in the region over the past 12 months was the sixth biggest increase nationally. 'That fact that it's number six in the country in terms of growth year-on-year by searches that is a really strong signal of upcoming demand,' Ms Flaherty said. 'I think Geelong is an area that still has a lot of value in it, so what you can get for your amount of money is still pretty good.' She said interest rates cuts had improved affordability and boosted consumer confidence, though this week's Reserve Bank's decision this week to keep the cash rate on hold may slow price growth. 'There is a sentiment out there that property prices are going to be rising this year, and we have already seen that growth, and often when people are buying in a market where prices are going to rise that can also mean they are not going to miss out,' she said. Hayeswinckle, East Geelong director Tiffany Simpson said investors were again beating a path to Geelong as the city put price volatility behind it. 'Geelong has certainly come back into the forefront again because, when you are looking at it from a national level, New South Wales, Queensland and Western Australia from an investor point of view it's blown for the yield,' Ms Simpson said. 'Whereas here in Geelong is still a really good, favourable yield so therefore there are some areas like Thomson, like Manifold Heights, that would appeal because the yield is still strong and there's a good block size and the properties are generally well maintained.' She said another interest rate rise, now tipped for August, would further drive confidence, particularly among higher end buyers considering a move. 'Those incremental changes do make quite a significant decision on higher price points and it does filter all the way through,' she said. 'I think going forward it is exciting times for Geelong – the volatility is becoming more in the past and the positiveness going forward is giving confidence back to those sellers.' HOME VALUE CHANGES JUNE QUARTER 2025 Suburb Median house value Quarterly change Annual change Inverleigh (H) $1,019,275 8% 1% North Geelong (U) $491,055 6% 2% Manifold Heights (H) $965,847 5% 3% Thomson (H) $531,161 4% 0% East Geelong (U) $514,330 4% 1% Lorne (U) $1,049,945 4% 5% Geelong West (U) $547,745 3% -2% Marshall (U) $502,604 3% 1% Norlane (U) $414,400 3% 3% Manifold Heights (U) $481,368 3% -2% Lara (U) $459,651 3% 0% Hamlyn Heights (U) $552,071 3% -2% Newtown (U) $588,353 3% 1% Wandana Heights (H) $985,635 3% -2% Bell Park (U) $508,561 2% 0% Corio (H) $485,016 2% 2% North Geelong (H) $627,017 2% 1% Herne Hill (H) $691,561 2% 0% Indented Head (H) $810,773 2% -1% Drysdale (H) $722,617 2% -1% Hamlyn Heights (H) $708,292 2% 1% Corio (U) $386,513 2% 0% East Geelong (H) $772,701 2% -3% St Albans Park (U) $455,830 2% 1% Portarlington (H) $855,120 2% -4% Herne Hill (U) $372,296 2% -1% Little River (H) $1,116,597 2% 0% Bell Post Hill (H) $636,622 2% 2% Whittington (H) $502,727 2% 1% Drysdale (U) $538,862 2% 1% Whittington (U) $404,682 2% 1% Belmont (H) $682,364 2% 0% Belmont (U) $524,337 2% -1% Lara (H) $686,777 2% 0% Norlane (H) $447,319 1% 0% Bell Park (H) $612,191 1% 1% Portarlington (U) $639,732 1% -1% Newcomb (H) $554,068 1% -2% Grovedale (H) $662,262 1% 0% Waurn Ponds (H) $784,920 1% 0% Highton (H) $849,045 1% -2% Armstrong Creek (H) $661,456 1% 1% Bannockburn (H) $754,045 1% 1% Geelong West (H) $812,293 1% -3% Geelong (U) $626,560 1% -4% St Leonards (H) $725,580 1% -3% Marshall (H) $619,407 1% -1% Breakwater (H) $518,218 1% -2% Curlewis (H) $659,885 1% -1% Mount Duneed (H) $707,588 1% -1% Lovely Banks (H) $714,294 1% 2% South Geelong (H) $793,907 1% -4% Charlemont (H) $624,214 1% 0% Newtown (H) $1,078,680 1% -1% St Albans Park (H) $587,081 1% 0% Geelong (H) $889,471 1% -1% Newcomb (U) $466,731 0% 1% Highton (U) $519,905 0% -4% Ocean Grove (H) $935,449 0% -1% Teesdale (H) $926,105 0% 0% Leopold (H) $664,225 0% -1% Point Lonsdale (H) $1,228,578 0% 1% Clifton Springs (H) $661,191 0% -2% Torquay (U) $830,305 0% -6% Barwon Heads (H) $1,486,558 0% -4% Torquay (H) $1,201,809 0% -2% Grovedale (U) $491,495 0% -1% Leopold (U) $492,343 0% -1% Winchelsea (H) $631,582 -1% -1% Jan Juc (H) $1,324,556 -1% -1% Queenscliff (H) $1,440,069 -1% 3% Fyansford (H) $914,164 -1% -2% Anglesea (H) $1,511,360 -2% -3% Wallington (H) $1,769,580 -2% -2% Moolap (H) $954,802 -2% -3% Ocean Grove (U) $743,563 -5% -9% Lorne (H) $1,793,274 -5% -8%
CBS News
30-06-2025
- Business
- CBS News
What could happen to gold's price this July?
Gold's price soared past a record $2,400 per ounce earlier in 2025 and could soon rise again. Getty Images/iStockphoto It wasn't that long ago that gold was priced under $2,000 per ounce. In November 2023, for example, the price of the precious metal was around $1,990 for that amount, according to American Hartford Gold. Now, however? At the end of June 2025, the price of gold is $3,288.46 per ounce, making up a staggering 65% price growth in a bit over 18 months. Gold surpassed numerous price records in 2024 and continued to do so in the first half of 2025, breaking the $3,000 per ounce milestone in March before hitting a new record past $3,400 in April. This has made the precious metal attractive to both existing investors, who have seen their initial investment grow exponentially, as well as beginners eager to get started with an asset with upward mobility. Both investor types, then, may be wondering about the potential for gold price movement this July. And, if history is a reliable prognosticator, some dates and events on the calendar could impact the price of the precious metal, perhaps even bringing it to yet another record high. Below, we'll break down what you need to know about gold's price this July. Get ahead of the next gold price spike. Start protecting your portfolio with a portion of gold now. What could happen to gold's price this July? Forecasting the future price of any asset is inherently difficult, as any unforeseen factors could impact it either way. That said, based on performance in recent years and a few factors that help to drive the price of gold, the cost of the precious metal is likely to stay steady in July, minus a few minor fluctuations up and down, as is the norm. Here's why: Inflation could stay low: When inflation rises, investors tend to move toward gold, causing it's price to spike as a result. And when it cools, interest tends to cool with it, driving down it's prices. But what happens when inflation remains cool but doesn't change remarkably? Then gold is likely to stay relatively flat. While inflation did technically rise in May, it only went from 2.3% to 2.4%. Should the next inflation report, scheduled for a July 15 release (for June data) show it remaining around that same level, the impact on gold prices will be muted. Get invested in gold before the price changes again here. The interest rate pause will continue: The Federal Reserve has not issued a rate cut since December 2024, and while there's a remote possibility that the central bank will take action in its meeting at the end of July, the more likely scenario sees a rate cut issued in September. When interest rates rise, gold prices tend to decline and vice versa. But a frozen federal funds rate for another two months (there's no August Fed meeting) is likely to keep gold prices around where they started on July 1. Geopolitical tensions will remain muddled: When geopolitical tensions surge, as they have in recent years, investors look for safe-haven assets like gold. This allows them to safeguard their portfolios in a better way as gold tends to keep its value when other assets and the U.S. dollar decline. But if tensions are less prevalent or muddled, as they appear to be at the start of the month, then there's likely to be less of an impact on the price of gold and silver. That said, this is one of the harder elements to account for when predicting the future gold price and it can change overnight, causing the price of the metal to respond in new and unexpected ways. The bottom line At the start of July 2025, it appears that the price of gold will remain steady. But appearances aren't always reality. So, if you know your portfolio needs the diversification and hedge against inflation that gold can provide and you can afford to buy in at today's elevated price, even if it's for a smaller amount than you'd otherwise prefer, it makes sense to get started soon. You could always sell the metal for a theoretical profit in the future but waiting too long could result in you getting priced out of the market entirely. Just make sure that if you decide to buy in, you elect to do so by keeping gold limited to 10% of your portfolio to avoid crowding out other assets like bonds, stocks or real estate at the same time.
