economic trends News

South Korea Faces Persistent Inflation: Consumer Prices Surpass 2% for the Third Month in a Row

South Korea's consumer prices have risen above 2% for the third consecutive month, driven by increases in processed food prices and university tuition fees. The Bank of Korea antic...

Eurozone Inflation Dips Slightly in March: A Closer Look at the Numbers Behind the Drop

Eurozone's annual inflation slightly decreased from 2.3% in February to 2.2% in March, with services contributing the most to the CPI increase. Core CPI rose by 2.4% year-on-year, ...

Record-Breaking $129.4 Billion Remittances to India in 2024: A Testament to Global Indian Diaspora's Strength

In 2024, Indians abroad sent a record $129.4 billion home, marking the third year remittances exceeded $100 billion. Growth is driven by skilled migration and IT sector expansion, ...

Eurozone Inflation Dips Slightly to 2.2% in March: A Closer Look at the Numbers

Eurozone's annual inflation slightly decreased to 2.2% in March, with services being the largest contributor to the CPI increase. Core CPI rose by 2.4% year-on-year, with significa...

Italy's Inflation Holds Steady at 1.6% in March: A Closer Look at the Economic Trends

Italy's annual inflation rate held steady at 1.6% in March, as reported by the National Statistics Office (INE). This stability raises questions about the future economic direction...

Italy's Producer Prices Surge by 6.2% in February 2025, Signaling Economic Shifts

Italy's Producer Price Index (PPI) surged by 6.2% in February 2025 year-on-year, with a 0.7% monthly increase, as reported by Istat, highlighting significant economic trends.

February Sees a 0.4% Dip in French Producer Prices, Signaling Economic Shifts

French industry production prices decreased by 0.4% in February year-over-year, with domestic market prices dropping 1.4%. Monthly data shows a 0.5% fall overall and a 0.8% decline...

French Industry Faces a Dip: Producer Prices Drop by 0.4% in February Amid Economic Shifts

French industry production prices decreased by 0.4% in February year-over-year, with a more significant drop in the home market. Excluding energy, prices actually increased, highli...

U.S. Trade Deficit Narrows to $147.9B in February, Defying Analysts' Predictions

The U.S. trade deficit unexpectedly narrowed to $147.9 billion in February, with exports rising and imports slightly decreasing. Wholesale inventories also showed growth, indicatin...

Janet Yellen Brings Her Economic Expertise to Pimco's Global Advisory Board

Former US Treasury Secretary Janet Yellen joins Pimco's global advisory board, bringing her economic expertise to help navigate global financial markets. The board, consisting of t...

UK Inflation Dips Unexpectedly to 2.8% in February, Beating Analyst Predictions

The UK's annual inflation rate unexpectedly fell to 2.8% in February, below analysts' expectations and down from 3% in January, with consumer prices rising 0.4% monthly and CPIH in...

Australia's Inflation Rate Unexpectedly Dips to 2.4% in February, Signaling Economic Shifts

Australia's inflation rate unexpectedly fell to 2.4% in February, with core measures also showing a decline, indicating potential shifts in the economic landscape. This development...

Spain's Producer Prices Surge by 6.6% in February, Energy Costs Lead the Charge

Spain's producer prices surged by 6.6% in February, with energy costs skyrocketing by 22.2% annually. Excluding energy, prices remained stable, but the monthly increase of 1.2% sig...

Spain's Inflation Rises to 3% in February: A Detailed Look at the Economic Shift

Spain's inflation rate increased to 3% in February, with consumer prices rising by 0.4% month-on-month. Core consumer prices and the Harmonized Index of Consumer Prices also showed...

US Dollar Gains Momentum Against Vietnamese Dong: A Detailed Market Analysis

The US dollar shows a slight increase against the Vietnamese dong, with Vietcombank reporting a 0.08% rise. Amidst global trade tensions and fluctuating U.S. Treasury yields, the d...

Swiss Inflation Rate Dips Slightly to 0.3% in February: A Closer Look

Switzerland's inflation rate slightly decreased to 0.3% in February, with the consumer price index rising by 0.6% monthly. Higher prices in clothing, footwear, and transport contri...

Turkey's Inflation Rate Drops Significantly to 39.05% in February: A Closer Look

Turkey's annual inflation rate dropped to 39.05% in February from 42.12% in January, with significant variations across different sectors. The Consumer Price Index rose by 2.27% mo...

Unexpected Surge: US Jobless Claims Jump by 22,000 to 242,000

The US has seen a notable increase in jobless claims, with a rise of 22,000 to 242,000 for the week ending February 22, exceeding analysts' expectations. The 4-week moving average ...

January Sees a Surprising 0.4% Rise in US Producer Prices, Beating Expectations

The US Producer Price Index (PPI) for final demand rose by 0.4% in January, surpassing analysts' expectations. Over the past year, the index increased by 3.5%, with services and go...

December Sees a 0.5% Drop in US Wholesale Inventories, Reflecting Economic Trends

US wholesale inventories decreased by 0.5% in December 2024, totaling $898.5 billion, in line with expectations. Merchant wholesalers' sales grew by 1% from November and 2.8% year-...

Surge in Tokyo's Inflation Rate: A Closer Look at the 3.4% Jump

Tokyo's Ku-area sees an unexpected rise in inflation to 3.4% in January, up from 3% in December, with CPI figures excluding fresh food and energy also showing an increase. This ind...

Tokyo's Inflation Surges to 3.4% in January, Exceeding Expectations

Tokyo's Ku-area experiences a rise in annual inflation to 3.4% in January, exceeding expectations. The CPI excluding fresh food and energy slightly increases, highlighting ongoing ...

European Markets Await Trump's Davos Speech: A Pivotal Moment for Global Investors

European stock markets remain steady as investors await US President Donald Trump's speech at the World Economic Forum in Davos. Key figures including Argentine President Javier Mi...

Italy's Unemployment Rate Drops to 5.7% in November, Beating Expectations

Italy's unemployment rate decreased to 5.7% in November, a positive shift that exceeded analysts' expectations, indicating potential economic recovery and resilience.