Latest news with #coreinflation
Reuters
3 days ago
- Business
- Reuters
Morocco's annual inflation drops to 0.4% in May
RABAT, June 20 (Reuters) - Morocco's annual inflation, measured by the consumer price index, dropped to 0.4% in May from 0.7% a month earlier, the North African country's statistics agency said on Friday. Food prices, the main driver of inflation, rose 0.5% from a year earlier, while non-food inflation increased 0.3%. Core inflation, which excludes more volatile goods such as food, was up 1.1% year-on-year and stable month-on-month.
Wall Street Journal
5 days ago
- Business
- Wall Street Journal
Bank of Canada Officials Fretted Firmer Inflation Could Persist, Minutes Say
OTTAWA—Some Bank of Canada officials worried that recent firmness in core inflation could last indefinitely due to President Trump's trade policy, according to a summary of their deliberations leading up to this month's decision to keep interest rates unchanged. 'If the recent firmness in underlying inflation were to persist, it would be more difficult to cut the policy rate,' said the minutes, which summarize deliberations among the seven members of the central bank's governing council. Those deliberations started on May 30, culminating with the June 4 decision to keep the Bank of Canada's policy rate unchanged for a second straight occasion at 2.75%.
Bloomberg
12-06-2025
- Business
- Bloomberg
US PPI Muted in May, Recurring Jobless Claims Jump
00:00 Looks like we've got a fairly benign PPI coming in with final demand and core coming in a just a 10th core ex trade up, also just a 10th. So that leaves the year over year headline pie at 2.6%. The core pie falls to 3% from 3.1% and we get a 2.7% core ex trade. So that looks like in line. I'll get you some break down in just a second. Jobless claims come in at 248,000. That's 1000 more than last week, although last week was revised up to 248. So now we're looking at an unchanged jobless claims situation. Again, this is a difficult seasonal adjustment time of year. It does not suggest that there is any kind of problem with the labor market at the moment, even though we're sort of at an elevated level compared to where we had been earlier in the year.
Malay Mail
30-05-2025
- Business
- Malay Mail
Bank Negara: Malaysia's headline inflation unchanged at 1.4pc in April
KUALA LUMPUR, May 30 — Malaysia's headline inflation remained unchanged at 1.4 per cent in April 2025, while core inflation edged up to two per cent from 1.9 per cent in March 2025, according to Bank Negara Malaysia (BNM). In its Monthly Highlights for April 2025, the central bank said the rise in core inflation was driven by price increases in core components, including mobile communication services, jewellery and watches, as well as air passenger transport. 'These were partially offset by lower inflation for non-core items such as fuels and lubricants, as well as fresh vegetables, amid an easing cost environment,' it said. BNM also reported that gross exports grew by 16.4 per cent from 6.8 per cent last month, mainly due to the continued strong expansion of electrical and electronics (E&E) exports, supported by a rebound in non-E&E and commodities exports. 'Malaysia imports expanded by 20 per cent (March 2025: -2.9 per cent), amid a sharp growth of capital imports. However, intensified trade tensions are expected to weigh on exports and increase downside risks. 'This will be partly cushioned by sustained global demand for E&E and Malaysia's integral role in the global supply chain,' said BNM. The central bank noted that credit to the private non-financial sector grew by 5.5 per cent (March 2025: 5.5 per cent), supported by steady growth in outstanding loans (5.5 per cent; March 2025: 5.6 per cent) and higher growth in outstanding corporate bonds (5.5 per cent; March 2025: 5.3 per cent). 'Growth in business loans moderated slightly to 4.6 per cent (March 2025: 4.8 per cent), reflecting slower loan growth, particularly in the services sector. 'Notwithstanding, demand for business financing remained forthcoming across both small and medium enterprises (SMEs) and non-SMEs. Household loan growth remained steady at six per cent with continued growth across most loan purposes,' it noted. BNM highlighted that the global financial conditions became more volatile following tariffs announcement by the United States (US) administration. 'Global investor sentiment also turned cautious amid rising concerns over a more subdued US economy and its negative spillovers to the global economy. Amid these developments, the ringgit appreciated by 2.7 per cent against the US dollar. 'The FTSE Bursa Malaysia KLCI rose by 1.8 per cent (regional average: 1.1 per cent), while the yield on 10-year Malaysian Government Securities (MGS) declined by 11.0 basis points (regional average: -14.7 bps), in line with movements of global bond yields. 'This trend was largely driven by net foreign inflows into the bond market, amid heightened global risk aversion,' it noted. Additionally, it said the banking system continued to show healthy liquidity buffers, with an aggregate liquidity coverage ratio of 155.8 per cent (March 2025 to 151.6 per cent). 'The aggregate loan-to-fund ratio decreased slightly to 83.3 per cent (March 2025: 83.8 per cent) as the increase in total funds outpaced loan growth,' said BNM. Malaysia's gross and net impaired loans ratios remained stable at 1.4 per cent and 0.9 per cent, respectively. 'The loan loss coverage ratio (including regulatory reserves) remained prudent at 131.0 per cent of gross impaired loans, compared to 131.3 per cent in the previous month,' it added. — Bernama
Reuters
28-05-2025
- Business
- Reuters
Australia April consumer prices rise 2.4% y/y, above forecasts
SYDNEY, May 28 (Reuters) - Australian consumer prices in April rose above forecasts as higher insurance and holiday costs offset a drop in petrol, while core inflation edged higher in a slightly disappointing report. Data from the Australian Bureau of Statistics on Wednesday showed the monthly consumer price index (CPI) rose 2.4% in April compared to a year earlier, unchanged from March but above median forecasts of 2.3%. Estimates had ranged widely from 1.9% to 2.5%. The trimmed mean measure of core inflation increased by an annual rate of 2.8% in April, up from 2.7% in March. A measure excluding volatile items and holiday travel also picked up to 2.8%, from 2.6%.
