February 13, 2025
United States:
US Wholesale Inflation Exceeds Forecast on Higher Food, Energy
US wholesale prices picked up in January on higher food and energy costs, highlighting only limited progress on inflation ahead of tariffs imposed by the Trump administration.
The producer price index for final demand rose 0.4% from a month earlier following an upwardly revised 0.5% increase in December, according to a Bureau of Labor Statistics report released Thursday.
Europe:
German Economy Is Set for Another Year of Contraction, DIHK Says
Germany’s economy will probably shrink for a third year in 2025, according to the German Chamber of Commerce and Industry.
A survey of about 23,000 companies across all sectors and regions of the country showed that “significantly more firms continue to expect worse business than better,” the lobby group — known as DIHK — said in a statement on Thursday. Based on the results, it expects gross domestic product to decline by 0.5% this year.
Asia:
Japan’s Producer Price Gains Quicken, Keeping BOJ on Hike Path
The pace of gains in Japan’s corporate goods prices accelerated last month to the fastest clip in 19 months, keeping the Bank of Japan on track for further interest rate hikes.
The measure of input prices for Japanese firms rose 4.2% in January from a year earlier, the BOJ reported Thursday.
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