July 16, 2025
United States:
US Producer Prices Stagnated on Decline in Services Costs
US wholesale inflation moderated in June as a sharp decline in the costs of travel-related services blunted a pickup in goods prices.
The producer price index was unchanged from a month earlier, after an upwardly revised 0.3% gain in May, according to a Bureau of Labor Statistics report released Wednesday.
Europe:
UK Inflation Unexpectedly Jumps as Labour Tax Hikes Take Toll
UK inflation unexpectedly rose to its highest level since January 2024 as climbing food bills prompted more criticism of the Labour government’s tax rises.
Consumer price inflation picked up to 3.6% in June from 3.4% previously, the Office for National Statistics said on Wednesday.
Asia:
Japan’s Super-Long Bonds Rebound Amid Pre-Election Volatility
Japan’s super-long bonds rose on Wednesday, reversing course after a rout earlier in the week over concern that an election this weekend will result in higher government spending.
The gains saw the nation’s 30-year government bond yield drop 10 basis points to 3.06%, after climbing on Tuesday to its highest level since 1999.
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