Recent Updates
- Spain: Producer Prices (Mar)
- Norway: Earnings, Government Balance Sheet (2017)
- Taiwan: Visitor Arrivals (Mar); China: Banking Assets and Liabilities, Central Government Operations, Government Revenue and Expenditures (Mar), Approved Investment Fund (Apr); Thailand: Auto Sales Press, Nonperforming Loans and Loans Outstanding, Debt Service Payment (Mar); Malaysia: Retail Pump Prices (Apr)
- UK: Public Sector Finance (Q1), Healthcare Expenditure (2016)
- more updates...
Economy in Brief
U.S. New Home Sales and Prices Strengthen
Sales of new single-family homes during March increased 4.0% (8.8% y/y) to 694,000 (SAAR)...
U.S. FHFA House Price Index Continues to Strengthen
The FHFA index of U.S. house prices rose 0.6% during February...
U.S. Energy Prices Rise Further
Retail gasoline prices increased to $2.80 per gallon last week (14.3% y/y)...
Italian Confidence Backtracks But Remains High-Valued As It Is for France and Germany
From Q1 2008 to date, Italian GDP actually has failed to grow and has declined by 5.8%...
U.S. Existing Home Sales & Prices Rise Again
The NAR reported that sales of existing homes increased 1.1% during March (-1.2% y/y) to 5.600 million units (AR)...
by Louise Curley April 6,2010
The declining rate of core inflation in many industrialized countries has raised fears of deflation. Will the decline continue or will the expansive monetary and fiscal measures taken to combat the recession begin to have an inflationary impact? The core inflation rate defined as the increase in the Consumer Price Index excluding food and energy is shown in the chart for Japan, the U.S., the U.K. and Germany. Japan continues to struggle with outright deflation. Core inflation in the U. S. and Germany continued to trend downward in January, but it has yet to show negative values in either country. The U.K. appears to be a bit of a surprise. Core inflation took a jump there U. K. in December and again in January.
The data are taken from the Haver Data Base, OECDMEI. This data base provides core rates of inflation, among other data, for the thirty members* of the Organization for Economic Co-operation and Development (OECD) and various regional aggregates. It is a convenient place to find comparable data for a diverse group of countries. .*Australia, Austria, Belgium, Canada, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Japan, Korea South, Luxembourg, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Slovak Republic, Spain, Sweden, Switzerland, Turkey, United Kingdom, United States.
Year to Year Change in Core Inflation | Jan 10 | Dec 09 | Nov 09 | Oct 09 | Sep 09 | Aug 09 | Jul 09 | Jun 09 |
---|---|---|---|---|---|---|---|---|
Japan | -0.51 | -0.63 | -0.69 | -0.91 | -1.11 | -0.95 | -1.17 | -1.02 |
United States | 1.55 | 1.81 | 1.71 | 1.71 | 1.51 | 1.44 | 1.53 | 1.72 |
United Kingdom | 3.16 | 2.85 | 1.89 | 1.90 | 1.71 | 1.80 | 1.72 | 1.52 |
Germany | 1.00 | 1.33 | 1.10 | 1.42 | 1.35 | 1.39 | 1.41 | 1.41 |