ESM - European Supermarket Magazine’s Post

📣 Czech inflation falls to the CNB’s 2% target 📉 It fell to 2.0% yoy in February from 2.3% yoy in January, slightly below the market consensus (2.1%) and well below the CNB's February forecast (2.8%). 📈 Consumer prices rose by 0.3% mom. This was mainly due to a strong increase in fuel prices of 4.3%, supported by rising crude oil prices and a weaker koruna. On the other hand, food prices declined slightly. ❗ Core inflation surprised on the upside, decelerating only slightly from 2.9% yoy in January to 2.8% yoy in February. However, this was still well below the CNB forecast of 3.5%. Seasonally adjusted mom core inflation increased sharply. According to our estimates, it was the highest since March 2023 and was close to 5% on an annualised basis. The delayed repricing from the beginning of the year may have had an impact. Services prices grew by 5.2% yoy in February. Together with higher energy prices (+4.9% yoy) they were the main drivers of yoy headline inflation. In contrast, goods prices rose only marginally (+0.2% yoy). 🔜 We expect headline and core inflation to remain within the tolerance band of the central bank's 2% target (1-3%) until the end of the year. 💰 The Czech National Bank should therefore continue to cut interest rates. Given the rapid decline in inflation and the subdued economy, we still see a chance of a 75bp cut in March, as the current interest rate level is too high. However, the development of core inflation and the cautious communication of the board so far tilt the balance of risks clearly in favour of a further 50bp cut. Read Komerční banka's complete #KBreport 👇 #economics #inflation #prices #energy #food #services #goods #data #forecasts #monetarypolicy #interestrates #financialmarkets #czechia

Inflation Cools and Interest Rate Cut coming Consumer price inflation fell from 5.1% in June to 4.6% in July. This is the lowest rate since July 2021. It is also very close to the South African Reserve Bank's target of 4.5%. #ZeeliePASA #AccountingFirm #AccountingServices #TaxServices #PayrollServices #SaipaProud #BookkeepingServices

Consumer price inflation in Ireland has risen by 1.5% in the year to June and 0.3% from May CSO (Central Statistics Office Ireland)

According to new data from the the Central Statistics Office (CSO), transport costs were up 3.3 per cent in the month, along with food and energy prices both up 0.5 per cent

South African consumers face imminent fuel price hikes and possible tax rises, impacting transport, retail prices, and inflation. Geopolitical tensions and currency fluctuations exacerbate the situation. #FuelPriceHike #SouthAfricaEconomy #Inflation #FuelTax #TransportCosts #RetailPrices #GeopoliticalTensions #CurrencyFluctuations #EconomicImpact #ConsumerStruggle

June CPI in Canada cooled to 2.7%, driven by gas prices and durable goods... Surprised people aren't buying as many big ticket items in this economy? Neither am I. Let's see what the BoC decision is next week. #Finance #Investing #Inflation #InterestRates #Canada #Economy #MonetaryPolicy

Hungary’s headline inflation dips below 8% in November #bne #bneEditorsPicks #Hungary #inflation Hungarian headline inflation slowed to an annual 7.9% (chart) in November from 9.9% in October, 0.2pp below analysts' forecasts, as disinflation in food and fuel continued, statistics office KSH said on December 8. On a monthly basis, prices were flat. Despite easing price pressure in the economy, the National Bank will likely maintain the pace of rate cuts seen in the previous two months. The 2pp annualised slowdown in the headline data was driven by decelerating food and fuel prices. Although food prices surprisingly rose on a monthly basis (0.5%), the annual data showed a 7.1% growth, down from 10.4% in October and 15.4% in September. Food inflation peaked at over 44% in December, due to several factors, including the surging global energy and commodity prices, but local factors, such as VAT, and windfall taxes on retailers also weighed in.

Czech inflation stagnated at 2% in March #bne #bneEditorsPicks #Czech #bneChart #infaltion #macro Consumer price indices (inflation) in Czechia remained at 2% in March, the same year-on-year growth as in February, which is the lowest inflation rate since December 2018. It increased by 0.1% month on month, driven by higher prices in the transportation sector, including the government raising those for motorway vignettes.

Interesting read on inflation prices within the food market. The highest inflation was on Olive oil which doesn't surprise me. We can look at alternative shipping costs for you if you are shipping from the EU. Please feel free to message me. https://lnkd.in/eS6K5XNe

UK Consumer Price Index (YoY) - Wednesday 17th January 2024 - 07:00 The United Kingdom (UK) Core Consumer Price Index (CPI), released by the Office for National Statistics on a monthly basis, is a measure of consumer price inflation – the rate at which the prices of goods and services bought by households rise or fall – produced to international standards. The YoY reading compares prices in the reference month to a year earlier. Core CPI excludes the volatile components of food, energy, alcohol and tobacco. The Core CPI is a key indicator to measure inflation and changes in purchasing trends. Generally, a high reading is seen as bullish for the Pound Sterling (GBP), while a low reading is seen as bearish. Based on the previous 10 events, GBPUSD has on average moved 16.9pips in the hour after release. Learn more about our Economic Calendar and request a demo here: https://hubs.ly/Q02gpsQR0