Tag Archives: Consumer Price Index
Rate Cut Uncertain as Canadian Inflation Rose Unexpectedly
Canada’s annual inflation rate increased to 2.9% in May 2024, up from a three-year low of 2.7% in April. The rise contradicted market expectations of a slowdown to 2.6%. While the inflation rate aligns with the Bank of Canada’s forecast of inflation staying near 3% in the first half of 2024, the halt in the […]
US Economic Momentum Slows, Rate Cut Possibility Rises
Retail sales in the United States remained flat in April 2024, showing no change from the previous month. This followed a downwardly revised gain of 0.6% in March and defied market expectations of a 0.4% rise, suggesting consumer spending has slightly eased. Out of the 13 categories tracked, 7 posted declines. Significant drops were seen […]
Switzerland Tops Euro Nations With Remarkable Inflation Rate
Inflation Rate Remains Unchanged at 1.7% Switzerland stands out as a beacon of stability and resilience. In October 2023, the annual inflation rate in Switzerland remained steady at 1.7%, meeting market predictions. There was a 0.1% increase in the Consumer Price Index (CPI) compared to the previous month, reversing a 0.1% decline. Several factors contributed […]
