South Korea export prices reach new high

Export prices in South Korea jumped 18.6% year-on-year in August, the Bank of Korea said on Tuesday (Sept.14), accelerating from an upwardly revised 17.4% rise in July. It was the fastest rise in export prices since February 2009. Export prices for manufacturing products jumped 18.6% on year and export prices for agricultural, forestry and marine products gained 9.6%. Meanwhile, import prices soared

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German inflation continues to jump in August

Germany’s consumer price inflation rose to 3.9% year-on-year in August, the highest since December 1993 and in line with market expectations, according to a Federal Statistical Office (Destatis) provisional report published on Monday (Aug. 30). The figure was marked an increase from the previous month when the inflation rate stood at a 28-year high of 3.8%. The end of VAT holiday introduced

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US inflation is hot and consumers feel the heat

The US consumer price inflation (CPI) rate held steady at 5.4% in July, unchanged from June’s 13-year high , the Labor Department said in a much anticipated report released Wednesday (August 11). The pace of growth was expected to dip to 5.3%, according to Wall Street economists, reflecting the low base effect caused by the Covid19 crisis, the re-opening of the economy

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China’s annual inflation stands at 1.1% in June

China’s consumer-price inflation moved up 1.1%  in June from a year earlier, slightly lower than economists’ forecast for a 1.2% gain, on the back of falling pork prices, according to a report by the country’s National Bureau of Statistics (NBS), released on Friday (July 9). Pork prices have now dropped 36.5% from last year’s spike. Pork is a mainstay of the Chinese diet

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