December 11, 2024
United States:
US Core Inflation Stays Firm With Fourth-Straight 0.3% Increase
US consumer prices continued to rise in November at a pace that is fueling concerns the progress toward taming inflation is stalling.
The so-called core consumer price index — which excludes food and energy costs — increased 0.3% for a fourth straight month, Bureau of Labor Statistics figures showed Wednesday.
United Kingdom:
The Bank of England can cut borrowing costs five more times to 3.5% before it runs the risk of overheating the economy and reigniting inflation, according to Bloomberg Economics.
Estimates by Chief UK economist Dan Hanson suggest the so-called neutral interest rate is between 3% and 4%, higher than previously thought.
Asia:
Japan’s Producer Inflation Tops Estimates During Rate Hike Bets
Inflation in Japan’s corporate goods prices accelerated to the fastest pace in 16 months, an outcome that points to growing inflationary pressure in the economy and supports the central bank’s further normalization of policy.
The measure of input prices for Japanese firms rose 3.7% in November from a year earlier, the Bank of Japan reported Wednesday.
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