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German inflation remained at 2.8% this month preliminary data showed today

German inflation holds steady at 2.8% in January

Germany's annual inflation rate held steady in January but core inflation eased markedly, keeping intact expectations of further interest rate cuts from the European Central Bank.

Business • 31 Jan

The US personal consumption expenditures (PCE) price index rose 0.3% last month after an unrevised 0.1% gain in November, new figures show today

US inflation rising, consumer spending accelerating

US prices increased in December while consumer spending surged, suggesting that the Federal Reserve could delay cutting interest rates for some time this year.

Business • 31 Jan

Inflation rose by 1.5% year-on-year in January compared to 1% a month earlier, a flash estimate of the Harmonised Index of Consumer Prices from the CSO Office show

Inflation increases to 1.5% in January - flash estimate

Consumer prices rose by 1.5% year-on-year in January compared to 1% a month earlier, a flash estimate of the Harmonised Index of Consumer Prices from the Central Statistices Office show today - the highest level in five months.

Business • 31 Jan

US Federal Reserve chief Jerome Powell said there would be no rush to cut US rates again until inflation and jobs data made it appropriate

Fed leaves rates unchanged, sees no hurry to cut again

The US Federal Reserve held interest rates steady last night and Fed Chair Jerome Powell said there would be no rush to cut them again until inflation and jobs data made it appropriate.

Business • 30 Jan

Christine Lagarde, president of the European Central Bank (ECB)

ECB cuts rates and leaves room for more easing

The European Central Bank has cut interest rates and kept the door open to further policy easing as concerns over lacklustre economic growth supersede worries about persistent inflation.

Business • 30 Jan

The Bank of Canada today cut its key lending rate 25 basis points to 3%

Canada central bank cuts key interest rate to 3%

The Bank of Canada has today cut its key lending rate 25 basis points to 3%, noting that US tariff threats are creating uncertainty for the economy.

Business • 29 Jan

Sweden's central bank cuts rates to 2.25% from 2.5%

Sweden's central bank cut its key policy rate to 2.25% from 2.5% as expected today to boost sluggish economic growth and said its forecast for interest rates held though it stood ready to act if the outlook for prices and activity changed.

Business • 29 Jan

Today's data from the Australian Bureau of Statistics showed the consumer price index rose 0.2% in the fourth quarter, less than forecasts of a 0.3% increase

Australia inflation cools in Q4, opens door to rate cut

Australian consumer prices rose at the slowest pace in almost four years in the December quarter, while a pullback in housing costs helped cool core inflation and open the door to a cut in interest rates as early as next month.

Business • 29 Jan

The Bank of Japan has raised its short-term policy rate from 0.25% to 0.5% - a level Japan has not seen in 17 years

Bank of Japan ups interest rates to highest in 17 years

The Bank of Japan raised interest rates today to their highest since the 2008 global financial crisis and revised up its inflation forecasts, underscoring its confidence that rising wages will keep inflation stable around its 2% target.

Business • 24 Jan

Norway's Central Bank has maintained plans to start cutting borrowing costs in March

Norway central bank keeps rate on hold, plans March cut

Norway's central bank held its policy interest rate unchanged at a 17-year high of 4.5% today, as unanimously expected by analysts in a Reuters poll, and maintained plans to start cutting borrowing costs in March.

Business • 23 Jan

Investors have now fully priced in four rate cuts from the ECB this year

Easing tariff fears cement bets on ECB rate cut next week

European Central Bank policymakers are likely breathing a sigh of relief that the new US administration did not impose the blanket trade tariffs some had feared and a rate cut next week now seems like a done deal.

Business • 21 Jan

ECB should debate how much more it can cut rates

The European Central Bank is on track to lower inflation and cut interest rates but needs to have a deep think about how much further and how quickly policy should be eased, ECB board member Isabel Schnabel said over the weekend.

Business • 20 Jan

Inflation rose to an annual rate of 1.4% in December after a reading of 1% in November, new CSO figures show today

Annual inflation rises to 1.4% in December - CSO

Inflation in Ireland is beginning to rise again, according to the latest figures from the Central Statistics Office.

Business • 16 Jan

German inflation eased slightly in December to 2.8%, figures confirmed today

More German companies want to raise prices, Ifo says

The Ifo price expectations index in Germany rose to its highest level since April 2023 in December, with all economic sectors contributing to the increase, the economic institute Ifo said today.

Business • 16 Jan

The US consumer price index rose 0.4% last month after climbing 0.3% in November

US consumer prices rise above expectations in December

US consumer prices increased slightly more than expected in December amid higher costs for energy goods, pointing to still elevated inflation that aligns with the Federal Reserve's projections for fewer interest rate cuts this year.

Business • 15 Jan

The ECB cut interest rates four times last year and investors see another three or four moves in 2025

ECB must be prudent with rate cuts given high uncertainty

The European Central Bank is likely to keep easing policy this year but needs to be cautious as exceptional uncertainty, from a potential global trade war to domestic politics, cloud the outlook, two of the bank's top officials said today.

Business • 15 Jan

The UK annual inflation rate fell to 2.5% last month, new figues show today

UK annual inflation dips to 2.5% in December

British inflation unexpectedly slowed last month and core measures of price growth - tracked by the Bank of England - fell more sharply, according to data that will be welcomed by finance minister Rachel Reeves after recent a market selloff.

Business • 15 Jan

ECB seeking middle ground with rate cuts - Lane

The European Central Bank can ease policy further this year but must find a middle ground that neither induces a recession nor causes an undue delay in curbing inflation, ECB chief economist Philip Lane has said.

Business • 14 Jan

China's full-year consumer price index (CPI) rose 0.2% in 2024, in line with the previous year's pace and well below the official target of around 3% for last year

China's consumer prices stall in 2024 on feeble demand

China's consumer prices barely rose in 2024 while factory gate prices extended into a second year of declines in a row, official data showed today, weighed by persistently weak domestic demand.

Business • 09 Jan

Euro zone inflation accelerated in December to 2.4% on the back of higher energy prices

Euro zone inflation jumps on higher energy costs

Euro zone inflation accelerated in December, an unwelcome but anticipated blip that is unlikely to derail further interest rate cuts from the European Central Bank.

Business • 07 Jan

France's inflation rate fell below the ECB's 2% target last year

French inflation steady in December at 1.3%

France's annual inflation rate remained steady in December, with prices of manufactured goods falling again while those for energy rebounded slightly, official figures showed today.

Business • 07 Jan

Turkey's consumer prices rose by 44.3% last month, down from 47.1% in November

Turkish inflation slows to 44.3% in December

Turkey's annual inflation rate slowed for the seventh consecutive month in December, official figures showed today.

Business • 03 Jan

A flash estimate of the Harmonised Index of Consumer Prices (HICP) from the CSO shows that consumer prices rose by 1% in the year to December

Inflation doubles to 1% in December, flash estimate shows

Consumer prices rose by 1% in the year to December, double the rate of 0.5% recorded in November, a flash estimate of the Harmonised Index of Consumer Prices (HICP) from the Central Statistics Office showed today.

Business • 31 Dec 24

Euro zone annual inflation accelerated in November to 2.2% from 2% a month earlier and above the ECB's 2% target rate

Next ECB rate cut could be longer in coming - Holzmann

The next interest rate cut by the European Central Bank could be longer in coming after a recent uptick in inflation, ECB Governing Council member Robert Holzmann was quoted as saying over the weekend.

Business • 30 Dec 24

Irish inflation fell to a three year low at the close of 2024, but many consumers are still waiting to feel the effects.

From groceries to Oasis: How inflation impacted 2024

When Ireland took to the polls in November to elect the next Dáil it was clear that money was on the mind.

Business • 30 Dec 24