Latest news with #ConsumerPriceIndex
New Indian Express
6 hours ago
- Business
- New Indian Express
Govt may use different base years for GDP, retail inflation
The government may use different base years for calculating Gross Domestic Product (GDP) and retail inflation (measured through the Consumer Price Index), government sources told The New Indian Express (TNIE). According to the sources, the base year for GDP will likely be 2022–23, while that for CPI will be 2023–24. Currently, both GDP and CPI calculations are based on the 2011–12 base year. '2022–23 is a natural choice for the GDP base year, as the Annual Survey of Industries (ASI), the Annual Survey of Unincorporated Sector Enterprises (ASUSE), and the Household Consumption Survey were conducted during that year,' said a government source, who declined to be named. The official added that the decision to use a different base year (2023–24) for CPI was made because the price collection survey only started in January 2024. Justifying the use of different base years, the official said both GDP and CPI are independent statistical indicators, and it is not unusual for their base years to differ. 'The structure of the economy does not change much in one year,' the official noted. According to sources, the weightage of food in the new CPI basket is expected to decline, as household consumption surveys from both 2022–23 and 2023–24 showed a reduced share of food in monthly household expenditure compared to 2011–12. As per the 2023–24 Monthly Household Consumption Survey, the food expenditure share has fallen from 52.90% in 2011–12 to 47% in rural areas, and from 46.62% to 40% in urban areas. The share of cereals and cereal substitutes in overall expenditure is now about 4.99% in rural areas and 3.8% in urban areas. Currently, food accounts for 44.6% of the combined Consumer Price Index, which tracks retail inflation. Cereals alone have a weightage of nearly 10% in the CPI. The new CPI basket will include a larger number of items—up from the current 300 to 400—whose prices will be tracked. The method of price collection may also change, the official said. For the Index of Industrial Production (IIP), the government is considering a shift from a fixed-base index to a chain-based index. Unlike fixed-base indices that use a single base year, chain-based indices use the preceding period as the base for each calculation. The advisory committee on base year revisions is yet to submit its final report. Sources said the report is expected in the coming months, after which dry runs will be conducted for 2–3 months. The new base years are likely to come into effect from 2026–27.
Leaders
17 hours ago
- Business
- Leaders
SAMA: Saudi Inflation Rate Expected to Remain Stable in Q2 2025
A recent report by the Saudi Central Bank (SAMA) showed that the Inflation rate in Saudi Arabia is expected to remain stable in the second quarter of 2025. SAMA's report noted that global economy is facing increasing challenges in 2025 due to rising geopolitical tensions and changes in trade policies. Consumer Price Index Consumer Price Index The average consumer price index in Saudi Arabia grew by 2.1% during the first quarter of 2025 compared to the same quarter in 2024. The housing, water, electricity, gas and other fuels sector recorded the highest increase of 7.4% compared to the same quarter of the previous year. Inflation Rates Inflation rates varied between the Kingdom's cities during the Q1 2025. Riyadh and Mecca reached the highest inflation rates in the first quarter of this year, at 3.6% and 3.3%, respectively. Inflation Rates Wholesale Price Index The wholesale price index in the first quarter of this year recorded an annual increase of 1.3% compared to the Q1 2024. Wholesale Price Index 2025 Q2 Anticipations Inflation rate is expected to remain stable in the second quarter of 2025 compared to the same quarter of 2024. This stability is due to various factors such as the anticipated balance between slowing global inflation and the expected impact on customs duties. 2025 Q2 Anticipations Related Topics: GASTAT: Saudi Arabia's Inflation Holds Steady at 2.2% in May 2025 Saudi Arabia's Inflation Rate Eases to 1.9% in December Rental Prices Drive Inflation in August 2024: GASTAT SAMA Officially Launches 'Samsung Pay' in Saudi Arabia Short link : Post Views: 1 Related Stories
Irish Independent
20 hours ago
- Business
- Irish Independent
Rent pressure zone now covers entire country as legislation rushed through
All people with existing tenancies, so long as they stay where they are, will only be faced with a 2pc annual rent rise, or the Consumer Price Index rate of inflation, whichever is the lower. Confirmation that all renters are now covered came after the Seanad rushed all stages of the legislation today and it was sent immediately to Áras an Uachtaráin. "Having received and considered the Residential Tenancies (Amendment) Bill 2025, the President has signed the Bill and it has accordingly become law,' a statement from his spokesperson confirmed. The Government rushed through the legislation to head off an expected rush by landlords outside the existing RPZs, which covered most of the country, to increase rents ahead of new rent rules announced by Housing Minister James Browne earlier this month. The new rules are designed to stimulate investment in rental developments, but sparked warnings that they would inevitably lead to rent increases. The Government is being pressured again over the housing crisis after announcing a swathe of new rent and housing measures. New six-year minimum tenancies on offer from March next year have been criticised for allowing landlords to 'reset' rents every six years. Earlier, Housing Minister James Browne said the target to build 41,000 new homes this year is 'not realistic'. Mr Browne has admitted previously that meeting the 2025 target would be 'extremely challenging' and all predictions are trending around 34,000. Speaking on Newstalk on Thursday, he said he is committed to enacting a 'step change' in the housing department and will clear 'the dead wood out of the way so that homes can get delivered'. ADVERTISEMENT 'I think the challenge we have this year is we're coming off a much lower base from last year than was expected,' he said of the housing targets. 'We had hoped for much higher figures last year. 'I think, looking at all of the different predictions, which are fairly consistent, I think 41,000 is not realistic for this year. 'We will wait to see how the year works out. I don't particularly like getting into predictions. 'My position as minister is to maximise supply, maximise the delivery of new homes and, irrespective of what the housing numbers will be this year, I'm making a step change so we can get that housing supply up, because we need to get from 30,000 onto 50,000, on to 60,000 houses. '40,000 houses is nowhere near enough.' The last Fianna Fáil-Fine Gael coalition built more than 130,000 homes between 2020 and 2024, while the current coalition has set a target of in excess of 300,000 new homes between 2025 and 2030. The target for this year is 41,000 new builds, despite the fact the Government missed its target of 33,450 last year and also missed its newbuild social housing target by 1,429 last year. The Central Bank has also projected the Government will miss its own housing targets by a wide margin for the next three years – and on Thursday revised its prediction down further, predicting 32,500 newbuilds by the end of 2025. The Fianna Fail-Fine Gael Government, supported by several independents, has insisted boosting supply is the best way to encourage affordability while opposition parties argue more state-owned homes and regulation is needed. 'We'd gotten to a point with housing where we had seen a very significant increase in supply over the last number of years, and then it's plateaued,' Tánaiste and Fine Gael leader Simon Harris said. 'The job of this government, and the job we're working on day in day out, is to get that momentum back.'
Cision Canada
a day ago
- Business
- Cision Canada
SELF-EMPLOYED WORKERS ARE SUCCESSFUL IN BATTLING INFLATION - NEW STUDY REVEALS Français
QUEBEC CITY, /CNW/ - One of the country's leaders in the field of self-employment, which conducted a significant study of its freelance members, revealed that the income of self-employed workers is growing strongly, to the point of keeping pace with inflation. Sharply Growing Hourly Rates While in many employment sectors, workers' salaries are not increasing at the same rate as inflation, our study shows that self-employed workers have seen an average 25% increase in their hourly rate over the past two years. This is very interesting considering that the Consumer Price Index increased by 2.4% in 2024. More than 75% of freelancers are satisfied or neutral with their income. Furthermore, according to our study, the majority of freelancers are satisfied with their financial situation, as it is constantly increasing. The hourly rate for freelancers is now $56/ hour. While this bodes extremely well for the careers of independent workers, certain challenges nevertheless persist, particularly with regard to gender equality. Indeed, there is still a gap between women's earnings and men's earnings. On average, women's hourly wage is 11% lower than that of men. To discover more data on this part of the study, you can consult our website: Considering that there are now more than 2.7 million freelancers in the country, these trends in the job market are significant. About us Founded in 2023, is part of The company was first founded in Germany in 2007. quickly became Germany's most successful digital platform for freelancers and businesses. It boasts over 30,000 active freelancers in Canada and over 6,000 self-employed people in Quebec registered as freelancers. We are available for any interview requests.
Yahoo
a day ago
- Business
- Yahoo
4 Reasons Ethereum's 44% Rally Could Just Be Starting
Ethereum is looking like it's in the process of a turnaround. It just got a major upgrade, and investors are keeping their capital on the chain. The macro environment also looks favorable at the moment. 10 stocks we like better than Ethereum › The market loves a good comeback story, and right now Ethereum (CRYPTO: ETH) is auditioning for the lead role. After spending most of 2023 and 2024 lagging other major cryptocurrencies, Ethereum has surged roughly 30% during the past 90 days. There's reason to believe that this move is not just another speculative pop. There are four catalysts that look built to last. If those forces keep pulling in the same direction, the rally may be only the opening act. Let's check them out and understand how they fit into the coin's longer-term picture. Ethereum, like all cryptocurrencies, is very sensitive to macroeconomic phenomena like inflation and the money supply. On that front, things are looking pretty good right now. May's Consumer Price Index (CPI) showed inflation running at 2.4%, the lowest readout since early 2023. That reading boosts the odds that the Federal Reserve will cut interest rates later this year, which will make it cheaper for banks to borrow money, and thus more likely that investors will need to look further down the risk curve, toward crypto, to get a return beyond the cost of borrowing. In short, lower rates have historically tended to nudge investors out of cash and into longer‑duration bets like crypto. Markets are already leaning that way. The U.S. dollar index, which tracks the strength of the dollar relative to other currencies, just slipped to a three‑year low on expectations of easier money. Cheaper dollars make dollar‑denominated assets with fixed supplies look more attractive, and Ethereum fits that bill. When the biggest wallets start buying, price moves can snowball. And there aren't any players with bigger wallets than institutional investors like pension funds and hedge funds. During the week of May 13, $205 million flowed into Ethereum‑linked products, making for the strongest haul since early 2024, and about 25% of all crypto exchange-traded product (ETP) inflows. The momentum kept rolling; by mid‑June, Ethereum exchange‑traded funds (ETFs) had logged a 16‑day intake streak worth almost $900 million. Pension funds and ETF sponsors are not day traders. Their allocations typically stay parked for multiple quarters or even years, effectively removing supply from the market and signaling that the fear that dominated late 2024 is fading. And that's bullish for Ethereum, because they hold it now. Slated for activation in late 2025, Pectra is Ethereum's biggest technology overhaul in recent years. The package rolls 11 improvement proposals into one release that simplifies wallets and smooths out gas (user) fee volatility via a variety of mechanisms. Pectra tackles three persistent pain points in one go: user‑friendliness, account security, and unpredictable transaction costs. If its second phase has the intended affects when it launches later this year as planned, it could also help the network to scale, keeping costs lower and improving transaction times. History suggests that every time Ethereum reduces friction, developer activity and on‑chain demand rise soon after, both of which tend to lift prices. While Pectra cooks, Ethereum staking is already squeezing supply. On June 11, staked Ethereum coins hit a record 34.6 million, accounting for roughly 29% of circulating supply, and up from 26% a year ago. Importantly, the staking share of total supply keeps rising even as the coin's price climbs, suggesting holders prefer yield to speculation. That means investors see that they can get a more attractive return by leaving their capital parked in staked coins rather than transferring it elsewhere, which in turn ensures that more value is stored on the chain, boosting the coin's price. The reason for this is that staked coins cannot be sold without first exiting a validator queue, which can take days. Layering on Pectra's validator simplifications, which are expected to make staking cheaper and easier, it is plausible that 35% or even 40% of all Ethereum coins could be bonded for yield within a year. A shrinking float (coin available for public trading) paired with growing demand is a classic recipe for sustained price strength, as it forces buyers to compete with each other in the form of bidding higher prices to secure coins of their own. Still, investors should take note that none of these four forces I've mentioned guarantees a straight‑line ascent. A macro shock or an unexpected bug in Pectra could smash confidence fast. Yet if inflation keeps easing, institutions keep allocating, the upgrade continues to land smoothly, and staking continues to grow, Ethereum's risk‑reward profile looks far stronger than it did six months ago. Before you buy stock in Ethereum, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Ethereum wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $658,297!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $883,386!* Now, it's worth noting Stock Advisor's total average return is 992% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Alex Carchidi has positions in Ethereum. The Motley Fool has positions in and recommends Ethereum. The Motley Fool has a disclosure policy. 4 Reasons Ethereum's 44% Rally Could Just Be Starting was originally published by The Motley Fool Sign in to access your portfolio
