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INFLATION

Dt - MAR 8 2016, Time - 10:00 am

Inflation rate in US beat market expectation and made strong pitch for increase Interest rate. However, the growth concerns in Euro zone remains gloomy,while the BRICS are facing high inflation pressure.

UNITED STATES :

Consumer prices in the United States went up 1.4 percent year-on-year in January of 2016, following a 0.7 percent increase in the previous month. The inflation rate accelerated for the fourth straight month, reaching the highest since October of 2014 and beating market expectations of a 1.3 percent gain, driven by prices of rents, medical care and transportation while energy cost fell at a slower pace. Core inflation reached the highest in 4-1/2-years.

Inflation Rate in the United States averaged 3.30 percent from 1914 until 2016, reaching an all time high of 23.70 percent in June of 1920 and a record low of -15.80 percent in June of 1921. Inflation Rate in the United States is reported by the U.S. Bureau of Labor Statistics.

EURO :
Consumer prices in the Euro Area decreased 0.2 percent year-on-year in February of 2016, following a 0.3 percent rise in the previous month and lower than market expectations, preliminary estimates showed. The inflation rate turned negative for the first time in five months, falling the most in a year as oil prices weight.
Inflation Rate in the Euro Area averaged 2.05 percent from 1991 until 2016, reaching an all time high of 5 percent in July of 1991 and a record low of -0.70 percent in July of 2009. Inflation Rate in the Euro Area is reported by the Eurostat.

China :
China's annual inflation rate came in at 1.8 percent in January of 2016, up from 1.6 percent in the previous month and reaching the highest since August last year but below market expectations. The politically sensitive food prices increased 4.1 percent while non-food cost rose at a slower 1.2 percent. Cost of consumer goods gained 1.5 percent and those of services advanced 2.2 percent. On a monthly basis, consumer prices rose 0.5 percent, the same pace as in the previous month and in line with expectations.
Inflation Rate in China averaged 5.51 percent from 1986 until 2016, reaching an all time high of 28.40 percent in February of 1989 and a record low of -2.20 percent in April of 1999. Inflation Rate in China is reported by the National Bureau of Statistics of China.

Germany :
Consumer prices in Germany are expected to remain unchanged in February from a year earlier following a 0.5 percent growth in January of 2016 while missing market expectations of 0.1 percent growth. It was the lowest level since September last year, as a sharp drop in cost of energy was enough to offset an increase in prices of rents and food.
Inflation Rate in Germany averaged 2.43 percent from 1950 until 2016, reaching an all time high of 11.54 percent in October of 1951 and a record low of -7.62 percent in June of 1950. Inflation Rate in Germany is reported by the Federal Statistics Office.

UK :
Consumer prices in the United Kingdom increased 0.3 percent year-on-year in January of 2016, following a 0.2 percent rise in the previous month and matching preliminary estimates. It is the highest figure since January of 2015 due to rising housing and utilities cost while prices of food and recreation and culture fell at a slower pace. On a monthly basis, consumer prices declined 0.8 percent, the biggest drop in twelve months.
Inflation Rate in the United Kingdom averaged 2.64 percent from 1989 until 2016, reaching an all time high of 8.50 percent in April of 1991 and a record low of -0.10 percent in April of 2015. Inflation Rate in the United Kingdom is reported by the Office for National Statistics.

INDIA :
Consumer prices in India went up 5.69 percent year-on-year in January of 2016, higher than 5.61 percent in December of 2015 and accelerating for the sixth straight month. It is the highest figure since August of 2014 and above market expectations of 5.4 percent. Food inflation increased to 6.85 percent from 6.4 percent in December, also the highest in seventeen months.
Inflation Rate in India averaged 7.90 percent from 2012 until 2016, reaching an all time high of 11.16 percent in November of 2013 and a record low of 3.69 percent in July of 2015. Inflation Rate in India is reported by the Ministry of Statistics and Programme Implementation (MOSPI), India

Russia :
Consumer prices in Russia increased 8.1 percent year-on-year in February of 2016, compared to 9.8 percent in the previous month and below market expectations. It was the lowest figure since September of 2015, as cost of food, housing and transportation rose at a slower pace. On a monthly basis, prices went up by 0.6 percent.
Inflation Rate in Russia averaged 137.42 percent from 1991 until 2016, reaching an all time high of 2333.30 percent in December of 1992 and a record low of 3.60 percent in April of 2012. Inflation Rate in Russia is reported by the Federal State Statistics Service

Brazil :
Consumer prices in Brazil increased 10.71 percent year-on-year in January of 2016, accelerating for the fourth straight month and reaching a fresh 12-year high. Figures came slightly above market expectations mainly due to a rise in food prices. The country is struggling with stubbornly high inflation since mid-2014 after the government imposed several tax increases aiming at balancing overall budget while a weak real pushes import prices up. The real fell around 47 percent to the USD in 2015.
Inflation Rate in Brazil averaged 377.27 percent from 1980 until 2016, reaching an all time high of 6821.31 percent in April of 1990 and a record low of 1.65 percent in December of 1998. Inflation Rate in Brazil is reported by the Instituto Brasileiro de Geografia e Estatística (IBGE)

Alok Samantaray
MD, Ray Research & Consulting Pvt Ltd

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