US Data Response Consumer Prices & Retail Sales (Sep.) September's consumer prices and retail sales figures will do little to ease the Fed's concerns that inflation is too low and that economic growth is too weak. Indeed, in a speech today Fed Chairman... 15th October 2010 · 1 min read
Asia Economics Update Tightening cycle in India nearly over Inflation data published today in India showed that price pressures are still high while the recent weakness in the industrial production figures is probably overstated. We expect that the Reserve... 15th October 2010 · 1 min read
Europe Data Response Euro-zone Trade (Aug.) & CPI (Final, Sep.) August’s euro-zone trade figures suggest that the region is coping with slowing global demand pretty well for now. But with the euro appearing increasingly likely to be a major loser in any global... 15th October 2010 · 1 min read
Asia Economics Update Singapore tackles the inflation risk The currency war has yet to pull in Singapore. Data released today showed a large q/q annualised drop in Q3 GDP but the big surprise was the decision of the Monetary Authority of Singapore to tighten... 14th October 2010 · 1 min read
UK Data Response UK Consumer Prices (Sep.) UK consumer price inflation remains stubbornly high. But that is unlikely to prevent the Monetary Policy Committee from providing the economy with further policy support should activity continue to... 12th October 2010 · 1 min read
UK Data Response UK Consumer Prices (Sep.) UK consumer price inflation remains stubbornly high. But that is unlikely to prevent the Monetary Policy Committee from providing the economy with further policy support should activity continue to... 12th October 2010 · 1 min read
Emerging Europe Economics Update Rising Czech inflation doesn't warrant higher interest rates Last month’s pick-up in inflation in the Czech Republic is likely to give further ammunition to the hawks on the National Bank’s (CNB’s) policymaking Board. But core price pressures remain remarkably... 11th October 2010 · 1 min read
UK Data Response Producer Prices (Sep.) September’s UK producer prices figures suggest that pipeline cost pressures in the industrial sector are still quite strong. But we do not expect that to prevent overall consumer price inflation from... 8th October 2010 · 1 min read
Latin America Economics Update Brazilian inflation pushed up by food prices Although Brazilian inflation accelerated in September, the pick-up was driven by food prices. With the economy now growing at a sustainable rate, we expect the headline rate of inflation to remain at... 7th October 2010 · 1 min read
China Economics Update Inflation Monitor (Sep.) Consumer price inflation is probably close to a peak. If the People’s Bank does not raise interest rates in the next few weeks (we think it won’t), it will find it increasingly hard to justify doing... 5th October 2010 · 1 min read
Japan Data Response Unemployment, Spending & CPI (Aug.) This week's wave of Japanese data has ended on a more positive note, with the unemployment rate falling in August for the second successive month, household spending firm, and the CPI no worse than... 1st October 2010 · 1 min read
Europe Data Response Euro-zone Flash CPI & German Unemployment (Sep.) September’s rise in euro-zone CPI inflation probably reflected energy and food effects, while underlying price pressures remain very weak. 30th September 2010 · 1 min read
Europe Data Response German Flash CPI (Sep.) & Consumer Confidence (Oct.) September’s rise in German HICP inflation appears to have reflected temporary energy and food effects. Core inflation remains extremely subdued and we still see the headline rate coming close to zero... 28th September 2010 · 1 min read
Emerging Europe Economics Update Too soon to cry victory in Russia's inflation battle Aside from a recent drought-related rise in food prices, our forecast that Russian inflation would fall sharply this year has played out as we expected. But while underlying price pressures should... 22nd September 2010 · 1 min read
UK Economics Weekly Labour market slack will help inflation to fall Last week’s consumer prices figures showing headline inflation holding steady at 3.1% fuelled doubts in some quarters over the MPC’s long held view that spare capacity in the economy will have a... 20th September 2010 · 1 min read
