Tag: Inflation

Annual inflation rate cooled in March to 0.9 per cent as pandemic took hold

OTTAWA — Statistics Canada reports the annual pace of inflation in March slowed to a pace last seen in 2015 as the economy was gripped by the COVID-19 pandemic.The agency says the consumer price index for March was up 0.9 per cent compared with a year ago.The reading compared with a year-over-year increase
— Read on ca.finance.yahoo.com/news/march-data-expected-show-drop-080004187.html

China’s Inflation Slows as Coronavirus Locks Down Economy

(Bloomberg) — China’s inflation slowed as the coronavirus hammers demand, with a measure of price gains that strips out food and energy prices slumping to the weakest in a decade.Core consumer prices rose 1% in February from a year ago, the slowest pace since June 2010, and factory prices returned to
— Read on ca.finance.yahoo.com/news/china-inflation-slows-february-factory-022138673.html

Mexico annual inflation falls below central bank target in November – Reuters

Mexico’s annual inflation fell below the central bank’s 3% target in November, according to official figures released on Monday, adding to expectations that the bank will cut rates further.
— Read on www.reuters.com/article/us-mexico-inflation/mexico-annual-inflation-falls-below-central-bank-target-in-november-idUSKBN1YD1GT

Paul Volcker Dead at 92, Fed Chairman Who Set Bank Risk Rule – Bloomberg

Paul Volcker, the former Federal Reserve chairman who broke the back of U.S. inflation in the 1980s and three decades later led President Barack Obama’s bid to rein in the investment risk-taking of commercial banks, has died. He was 92.
— Read on www.bloomberg.com/news/articles/2019-12-09/paul-volcker-inflation-tamer-who-set-bank-risk-rule-dies-at-92