Please Sign in to view recently saved searches.
01 Nov 2024
Global CPI Changes in October
Keywords
Eurozone: Eurozone CPI growth rebounded in October, with a year-on-year increase of 2%, surpassing both the previous month and expectations. Food prices saw the largest increase, rising from 2.4% in September to 2.9% in October. Core inflation, which excludes volatile factors and energy prices, also slightly exceeded expectations.
France: France’s October CPI rose by 0.2% month-on-month, meeting expectations of a 0.2% increase.
Switzerland: Switzerland’s October CPI decreased by 0.1% month-on-month, against an expected 0%, following a previous decline of 0.3%. The year-on-year CPI rose by 0.6%, below both the forecasted and previous 0.8%. Meanwhile, real retail sales for September increased by 2.2% year-on-year, with the prior figure revised down from 3.2% to 2.7%.
Germany: Germany’s CPI grew by 2% year-on-year in October, exceeding expectations of 1.8%. Month-on-month, the CPI rose by 0.4%, above the anticipated 0.2%.
China: On October 31, China’s National Bureau of Statistics reported a Manufacturing Purchasing Managers' Index (PMI) of 50.1 for October, a 0.3-point increase from September. This marked a return to expansion territory after five months below 50%, with 12 of the 21 sub-industries showing a PMI above 50, indicating growth across most sectors.
Data released by the National Bureau of Statistics of China shows that in October, China's consumer price index (CPI) decreased by 0.3% month - on - month and increased by 0.3% year - on - year. The core CPI, which excludes food and energy prices, rebounded slightly, rising by 0.2% year - on - year, with the growth rate being 0.1 percentage point higher than that of last month. China's producer price index for industrial products (PPI) dropped by 0.1% month - on - month, with the decline rate being 0.5 percentage points narrower than that of last month, and decreased by 2.9% year - on - year.
United States: On the 13th, the U.S. Bureau of Labor Statistics released data. In October, the U.S. Consumer Price Index (CPI) rose by 2.6% year-on-year. The estimate was a 2.6% increase, and the previous value was a 2.4% increase. Month-on-month, it rose by 0.2%. The estimate was a 0.2% increase, and the previous value was also a 0.2% increase. The core CPI, which excludes food and energy prices, increased by 3.3% year-on-year. The estimate was a 3.3% increase, and the previous value was a 3.3% increase as well. Month-on-month, it rose by 0.3%. The estimate was a 0.3% increase, and the previous value was also a 0.3% increase.
Vietnam: On the 6th, Vietnam's General Statistics Office reported that the Consumer Price Index (CPI) rose by 2.89% year-on-year in October, with a 0.33% increase from the previous month. Notably, prices for dining and food services increased by 0.55% and 0.77%, respectively, while rice prices rose by 0.79%. Additionally, vegetable prices saw a significant 3% increase, and pork prices edged up by 0.25%. Meanwhile, Australia's September trade surplus came in below expectations.
Indonesia: Indonesia’s October CPI rose by 1.71% year-on-year, slightly above the forecasted 1.66%. Month-on-month, CPI increased by 0.08%, surpassing expectations of 0.03%. Core CPI rose by 2.21% year-on-year, higher than the anticipated 2.09%.
Japan: Japan's overall consumer inflation rate continued to ease in October, influenced by the government's energy subsidy policies. Data released by the Japanese government showed that the overall consumer prices rose by 2.3% year-on-year in October, compared with a 2.5% increase in September. The super-core CPI, which excludes the more volatile fresh food and energy prices, climbed by 2.3% in October, after rising by 2.1% in September. As the recent weakening of the Japanese yen has triggered concerns about rising import prices, expectations that the Bank of Japan will raise interest rates are constantly growing.
Japan (Tokyo): Tokyo’s core CPI rose by 1.8% year-on-year in October, marking the first time in five months it fell below the Bank of Japan’s 2% target. Non-public sector services increased by 1.1% year-on-year, slightly down from September’s 1.2% rise. Tokyo’s inflation data is viewed as an indicator for national trends.
Australia: Data released by the Australian Bureau of Statistics shows that in the third quarter of Australia, the Consumer Price Index (CPI) rose by 2.8% year-on-year, compared with an estimated 2.9%. It increased by 0.2% month-on-month, against an estimated 0.3%. The Consumer Price Index (CPI) after excluding volatile items rose by 0.8% month-on-month, which was in line with expectations. Reserve Bank of Australia Governor Michele Bullock said that it would take "one or two years" for the inflation rate to consistently return to the target range of 2 - 3%.
Disclaimer: Blooming reserves the right of final explanation and
revision for all the information.