The latest report from NielsenIQ has revealed that the Nigerian fast-moving consumer goods (FMCG) market has seen a 17.4% decline in transaction volume this year as Nigerians continue to struggle with the high cost of goods. The report, which measured market performance and consumer behavior as of March 2024, indicated that transaction volume on the … Read more
By Tilly Armstrong, Dailymail.Com’s Assistant Consumer Editor and Alice Wright of Dailymail.Com Published: 08:44 EDT, August 14, 2024 | Updated: 09:59 EDT, August 14, 2024 Consumer prices rose 2.9 percent from a year earlier in July. This is the first time that headline inflation, measured on an annual basis, has fallen below 3 percent since … Read more
Pensioners have been warned that tough times lie ahead as the UK’s inflation rate rises and hits the economy. The latest figures from the Office for National Statistics (ONS) have revealed that the consumer price index (CPI) rate rose to 2.2 per cent over the 12 months to July 2024. Analysts had previously forecast inflation … Read more
Getty Images The UK inflation rate has risen for the first time this year, Official figures show. Overall prices rose 2.2% in the year to July, slightly above the Bank of England’s 2% target, which had been in place since May. The increase was expected, as gas and electricity prices fell less than a year … Read more
Investing.com — All eyes will be on the U.S. monthly consumer prices release later in the session as investors look for confirmation that the Federal Reserve will begin cutting interest rates in September. Inflation in the U.K. was relatively benign, while UBS impressed with its quarterly earnings. 1. US CPI in focus It is now … Read more
Stay informed with free updates Simply register on the Inflation in the UK myFT Digest – delivered straight to your inbox. UK inflation rose less than expected to 2.2 percent in July as underlying price pressures fell sharply, opening the door to further interest rate cuts by the Bank of England this year. The annual … Read more
By Mike Dolan LONDON (Reuters) – And just like that… he was gone. It may be a little premature to say goodbye to the above-target inflation rates that have plagued Western economies over the past three years. But it seems increasingly misguided to claim that the episode has reinforced expectations of higher inflation. While expectations … Read more
By Alden Bentley NEW YORK (Reuters) – U.S. Treasury yields fell on Tuesday after a dovish producer price report that looked unlikely to divert the Federal Reserve from a easing path, while consumer price data on Wednesday will round out the inflation picture. The producer price index for July rose a less-than-expected 0.1% after rising … Read more
Rachel Reeves is expected to face a battle to keep inflation down this year and economists are predicting further increases this year. (POOL/AFP via Getty Images) Truly supportindependent journalism Learn moreNear Our mission is to provide unbiased, fact-based reporting that holds the powerful to account and exposes the truth. Whether it’s $5 or $50, every … Read more