US Wholesale Prices Up 0.2% in May
The US Labor Department reported today that the Producer Price Index (PPI) shows wholesale prices rose 0.2 percent in May – this is well below projections of 0.6 percent. More
UK Inflation Slows in My
Annual inflation as measured by the Consumer Price Index (CPI) fell to 2.2 percent in May from 2.3 percent the month before. This is still above the Bank of England’s target inflation rate of 2 percent. More
US New Home Construction Up 17%
New home construction in the US increased by 17.2 percent in May. This is the largest single-month increase in three months. More
Bank of Japan Notes Improvements to Economy
Despite noting today that the economy has stabilized, the Bank of Japan will keep interest rates unchanged at 0.1 percent. More
