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Inflation in New Zealand exceeded forecasts in July 2022, reaching 7.3%, which is the highest since 1990. [233] Economists at ANZ reportedly said they expected faster interest rate increases to counteract inflationary pressures. [234] In Fiji, inflation rose to 4.7% in April 2022 compared to –2.4% in 2021. [235]
When adjusted for inflation, overall wages increased 0.9% in the 12 months through December after advancing 1.4% in the July-September quarter. The rising so-called real income is underpinning ...
Annual inflation ticked up for a third straight month in December as food, energy costs rose, CPI report showed. But underlying price measure eased. Inflation rose to 5-month high in December.
Yet, the latest inflation report has made the outlook for interest rate cuts look more favorable in 2025, according to Bank of America. Though some investors were fretting over the possibility ...
To hear Powell tell it, the story of inflation coming down is actually intact. Even as the Fed announced a third consecutive cut, equivalent to a whole percentage point, monetary policy is still ...
For the 12 months ending in January, inflation amounted to 7.5% — the fastest year-over-year pace since 1982 — the Labor Department said Thursday. Consumers felt the price squeeze in everyday ...
The report shows that core inflation “is on the downslope,” said Mike Skordeles, head of U.S. economics at Truist, a bank. “If the trends continue, the Fed might still end up cutting at some ...
Overall, the CPI did increase more than anticipated, rising 0.4% from November and jumping 0.2 percentage points to annual rate of 2.9%. However, the monthly gain was largely driven by gas and ...