prices

    • Eurozone factories boost output as raw materials surge

      Eurozone factories boost output as raw materials surge

      The factory activity of the Eurozone posted a record pace of growth in June but managers warned of record surge in costs of input materials, Reuters reported quoting official EU statistics data. The rise in prices of raw materials proves to be strongest in almost twenty years. During the Covid -19 lockdowns across the EU government restrictions led to a devastating slump in the dominant service sector but the industrial plants largely continued to operate.

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    • Eurozone CPI inches down on expected autumn surge

      Eurozone CPI inches down on expected autumn surge

      The consumer prices in the Eurozone inched down to 1.9% in June after leveling the ECB limit of 2% in May, Reuters reported. The June figures matched the expectations of ECB which further foresee a rise in the consumed prices in the autumn driven by higher costs of commodities and raw materials.

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    • Energy, services spur Eurozone inflation

      Energy, services spur Eurozone inflation

      Robust growth in energy prices and a surge in costs of services have contributed for a sharp rise in consumer prices in the Eurozone, Reuters reported. The May data has exceeded the forecast of the European Central Bank. The statistics office of the European Union Eurostat confirmed that inflation in the 19 countries sharing the euro was up 0.3% compared to the previous month to reach a 2.0% year-on-year increase. The ECB wants to keep inflation below to 2%.

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    • UK inflation spikes above BoE forecast

      UK inflation spikes above BoE forecast

      The inflation in the UK surged by 2.1 percent in May, topping the expectations of the Bank of England, Reuters reported. The increase of consumer prices was fueled by post-pandemic surge in demand for consumer goods. The May CPI rise comes on top of April's 1.5% increase. The figures proved that it was the first time inflation has gone above the BoE's 2% target in almost two years. Economic analysts had expected inflation in UK to accelerate by 1.8.

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    • Eurozone inflation surges as economies restart

      Eurozone inflation surges as economies restart

      Inflation of the Eurozone surged last month to 2%, BBC reported. Soaring prices were largely attributed to the lifting of pandemic lockdowns in most European countries which spurred end-consumer demand. Prices were also pushed higher by a very strong rise in energy prices from a year ago and put inflation at its highest level since October 2018, ECB said.

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    • Metal prices slump on China state firms warning

      Metal prices slump on China state firms warning

      The global prices of industrial metals dipped as Chinese official state authorities issued a warning, directed to state firms, with a call to stop the aggressive buyer approach, BBC reported. As China is the biggest consumer of metals, the warning helped sinking the prices on all markets. China's National Development and Reform Commission (NDRC) urged the firms to maintain "normal market orders". The move comes after metal prices have surged in recent months as major economies emerge from the pandemic.

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    • EU investigates Mondelez over pricing and trade practices

      EU investigates Mondelez over pricing and trade practices

      EU has launched an investigation of trade practices of the food giant Mondelez due to concerns linked to trade and pricing practices, BBC reported.  The European Commission has said that Mondelez restricted trade across borders between EU countries which resulted in higher prices for some products. Mondelez confirmed the on-going investigation and said it would "work constructively" with the Commission.

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