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Overseas Headlines – January 13, 2026

January 13, 2026

United States:  

US Core CPI Rose by Less Than Forecast in December

 

Underlying US inflation rose in December by less than expected, a more confident signal of cooling price growth after shutdown-related distortions complicated the previous report.

 

The core consumer price index, excluding the often-volatile food and energy categories, increased 0.2% from November, according to Bureau of Labor Statistics data out Tuesday. On an annual basis, it advanced 2.6%, matching a four-year low.

 

https://www.bloomberg.com/news/articles/2026-01-13/us-core-cpi-rose-by-less-than-forecast-in-december?srnd=phx-latinamerica

 

 

 

Europe:

UK Retail Sales Growth Slowed as Shoppers Waited for Sales

 

UK retail sales growth slowed for a fourth consecutive month in December, with customers thought to be waiting for post-Christmas discounts before loosening their purse strings.

 

Total retail sales growth slowed to just 1.2% year on year last month, according to the British Retail Consortium, against a growth of 3.2% in December 2024.

 

https://www.bloomberg.com/news/articles/2026-01-13/uk-retail-sales-growth-slowed-in-run-up-to-christmas?srnd=phx-economics-v2

 

 

Asia:

Yen Falls Further Even as Katayama, Bessent Share Concerns

 

The yen dropped to its weakest level in 18 months despite Japan’s finance minister and her US counterpart uniting in their concern over the currency’s slide.

 

Japan’s currency fell as much as 0.6% to 159.05 per dollar, with losses accelerating after local media outlet Kyodo reported that Prime Minister Sanae Takaichi told a senior member of the ruling Liberal Democratic Party that she intends to call a snap election.

 

https://www.bloomberg.com/news/articles/2026-01-12/japan-s-katayama-bessent-share-concerns-about-weakening-yen

 

 

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