Tag: Consumer price index
There is hope that inflation has peaked
The Minister of Finance hopes that inflation has peaked and is optimistic about the future. The government intends to take action to introduce lower prices. The consumer price index has increased by 0.59 per cent since last month, and annual inflation has fallen from 10.2 per cent to 10.2 per cent. up to 9.8 percent […]
Sweden sees record high food prices, mainly for baby food
STOCKHOLM, March 6 (Xinhua) — Food prices have seen record month-on-month increases in Sweden, with baby food particularly affected, a survey showed on Monday. The survey by price comparison site Matpriskollen covered around 44,000 items and showed that food prices had increased by 2.5 percent in February – the highest monthly increase since 2015, the […]
Inflation breaks the 10 percent barrier
The consumer price index is up 1.39 percent from the previous month, and the inflation rate is now 10.2 percent. The consumer price index, excluding housing, has increased by 8.9% over the last twelve months. These figures come from the latest report from the Icelandic Statistics Office. Price index of consumer goods and services, based […]
US dollar firms after strong retail sales
NEW YORK, Feb. 15 (Xinhua) — The U.S. dollar strengthened in late trade Wednesday after data showed U.S. retail sales rose in January. The dollar index, which measures the greenback against six major peers, rose 0.65 percent to 103.9080 in late trade. In late New York trading, the euro was down to US$1.0683 from US$1.0738 […]
US dollar falls after inflation data
NEW YORK, Feb. 14 (Xinhua) — The U.S. dollar fell in late trade on Tuesday after data showed U.S. inflation for January turned out warmer than expected. The dollar index, which measures the greenback against six major peers, was down 0.12 percent at 103.2355 in late trade. In late New York trading, the euro was […]
The US dollar falls as traders await key inflation data
NEW YORK, Feb. 13 (Xinhua) — The U.S. dollar fell in late trade on Monday as market participants awaited a key U.S. inflation report. The dollar index, which measures the dollar against six major peers, fell 0.26 percent to 103.3630. In late New York trading, the euro was up at US$1.0715 from US$1.0674 in the […]
Sweden raises the key interest rate to 3 pct to curb inflation
STOCKHOLM, Feb. 9 (Xinhua) — Sweden’s central bank (Riksbank) on Thursday announced a 50 percentage point increase in the key interest rate to 3 percent, the highest in 15 years. The Riksbank said the rate hike, due to take effect on February 15, was necessary as the country’s 12-month consumer price index (CPI) reached 12.3 […]
US dollar firms ahead of key inflation data
NEW YORK, Feb. 10 (Xinhua) — The U.S. dollar strengthened in late trade on Friday as market participants awaited a key U.S. inflation report. The dollar index, which measures the greenback against six major peers, rose 0.38 percent to 103.6290. In late New York trading, the euro was down to US$1.0674 from US$1.0736 in the […]
Base interest rates will increase by half a percentage point
It has just been announced that the monetary policy committee of the Central Bank of Iceland has decided to increase the key interest rate by 0.5 percentage point. Thus, they reached the level of 6.5%. In May 2021, they were 0.75 percent. This increase is in line with the forecasts of the bank’s analytics departments, […]
Inflation continues to rise
The latest market research by the Icelandic Statistical Office shows an increase in the consumer price index from month to month, by 0.85%. Inflation is currently 9.9%, the last time it was at this level in July 2022. Inflation rates fell slightly in the fall of 2022, but rose throughout the winter. Icelandic consumers have […]
Inflation continues to rise
The latest market research by the Icelandic Statistical Office shows an increase in the consumer price index from month to month, by 0.85%. Inflation is currently 9.9%, the last time it was at this level in July 2022. Inflation rates fell slightly in the fall of 2022, but rose throughout the winter. Icelandic consumers have […]
Inflation continues to rise and now stands at 9.9%
The latest market research by the Icelandic Statistical Office shows an increase in the consumer price index from month to month, by 0.85%. Inflation is currently 9.9%, the last time it was at this level in July 2022. Inflation rates fell slightly in the fall of 2022, but rose throughout the winter. Icelandic consumers have […]
In 2023, the annual payments of undrawn government-subsidized loans – with the aim of alleviating cost pressures related to housing
The annual payments for state-subsidized loans taken out for the construction, purchase or renovation of rental and right-of-occupancy housing depend on the change in the consumer price index of July of the previous year. The fluctuations of the consumer price index have been quite moderate in recent years: in July of 2015 and 2021, the […]
Inflation in Sweden is three decades high
The data show that electricity and food are peaking higher than expected price growth Inflation in Sweden has soared to double digits for the first time in more than thirty years, driven by rising electricity and food prices, Statistics Sweden said on Friday. Sweden’s inflation adjusted for fixed interest rates (KPIF), the measure used by […]
US dollar slips after inflation report
NEW YORK, Jan. 12 (Xinhua) — The U.S. dollar fell sharply in late trade Thursday after data showed signs that U.S. inflation was cooling. The dollar index, which measures the greenback against six major peers, fell 0.87 percent to 102.2910. In late New York trading, the euro was up at US$1.0851 from US$1.0764 in the […]
Business Round-Up: Inflation continues to fall … slowly
Inflation in Denmark continues to fall…albeit slowly. In October it reached 10.1 percent – the highest rate in 40 years – but it began to fall in November and again in December. According to Statistics Denmark, it fell from 8.9 to 8.7 percent in the last month of the year – still far higher than […]
Business Round-Up: Inflation continues to fall … slowly
Inflation in Denmark continues to fall…albeit slowly. In October it reached 10.1 percent – the highest rate in 40 years – but it began to fall in November and again in December. According to Statistics Denmark, it fell from 8.9 to 8.7 percent in the last month of the year – still far higher than […]
US Dollar Falls Ahead of Inflation Data
NEW YORK, Jan. 11 (Xinhua) — The U.S. dollar edged lower in late trade on Wednesday as market participants awaited a key U.S. inflation report. The dollar index, which measures the greenback against six major peers, fell 0.05 percent to 103.1880. In late New York trading, the euro was up at US$1.0764 from US$1.0743 in […]
US dollar rises ahead of inflation data
NEW YORK, Jan. 10 (Xinhua) — The U.S. dollar rose in late trade on Tuesday as market participants awaited key U.S. inflation data. The dollar index, which measures the greenback against six major peers, rose 0.23 percent to 103.2360. In late New York trading, the euro fell to US$1.0743 from US$1.0757 in the previous session, […]
The Swedish government expects the recession to last until 2025
STOCKHOLM, Dec. 22 (Xinhua) — Sweden will enter a recession next year that is expected to last until 2025, the government said here Thursday. “The Swedish economy and households will be under pressure in the coming years,” Finance Minister Elisabeth Svantesson said when she presented the economic forecast at a press conference. – The recession […]
US dollar falls after cooler-than-expected inflation report
NEW YORK, Dec. 13 (Xinhua) — The U.S. dollar weakened significantly in late trading Tuesday after data showed U.S. consumer inflation rose less than expected in November. The U.S. consumer price index (CPI) rose 0.1 percent last month, below the 0.3 percent consensus, for a 7.1 percent increase from a year earlier, the Labor Department […]
US dollar rises ahead of CPI data, Fed meeting
NEW YORK, Dec. 12 (Xinhua) — The U.S. dollar strengthened in late trade Monday as market participants awaited a key U.S. inflation report and the Federal Reserve’s monetary policy meeting. The US consumer price index (CPI) for November is released on Tuesday. The Fed is expected to deliver another rate hike when it wraps up […]
Inflation fell in Denmark in November – finally!
Several financial analysts have hailed November’s dip in inflation as a sign of what’s to come in 2023, but warned that the rate will continue to be high in December – not least in line with the high prices homeowners face to heat their homes during the current cold spell. and the rest of the […]
The US dollar falls as risk appetite improves
NEW YORK, Nov. 11 (Xinhua) — The U.S. dollar fell sharply in late trade on Friday, as signs of improvement in U.S. inflation increased investors’ appetite for risk assets. The dollar index, which measures the greenback against six major peers, fell 1.76 percent to 106.2950, following a 2.12 percent decline in the previous session. In […]
The US dollar plunges on weaker-than-expected inflation data
NEW YORK, Nov. 10 (Xinhua) — The U.S. dollar fell sharply in late trade Thursday after data showed signs of improvement in inflation in the U.S. consumer price index (CPI) in October. The dollar index, which measures the dollar against six major peers, lost 2.12 percent to 108.2040. In late New York trading, the euro […]
The US dollar strengthens amid risk-averse sentiment
NEW YORK, Nov. 9 (Xinhua) — The U.S. dollar appreciated noticeably in late trading on Wednesday as risk-off sentiment returned to the market, bolstering demand for the safe-haven asset. The dollar index, which measures the greenback against six major peers, rose 0.83 percent to 110.5490. In late New York trading, the euro fell to US$1.0005 […]
US dollar falls ahead of key inflation report
NEW YORK, Nov. 8 (Xinhua) — The U.S. dollar weakened in late trade on Tuesday as market participants awaited a key U.S. inflation report. The dollar index, which measures the greenback against six major peers, fell 0.44 percent to 109.6390. In late New York trading, the euro was up at US$1.0077 from US$1.0028 in the […]
Sweden’s GDP forecast is adjusted downward for next year
STOCKHOLM, Nov. 7 (Xinhua) — Nordea, one of the largest banks in the Nordics, has sharply lowered its forecast for Sweden’s gross domestic product (GDP) for 2023 to minus 1.8 percent from minus 0.5 percent two months ago in Economic overview. Weaker domestic developments, dramatically tightened financial conditions with higher interest rates and inflation eating […]
Swedes face a dark, cold winter as the energy crisis ravages Europe
© Provided by Xinhua In winter, “light is life” – and the ongoing energy crisis threatens to have a devastating impact here both materially and psychologically. by Fu Yiming, He Miao and Patrick Ekstrand STOCKHOLM, Nov. 7 (Xinhua) — While many Swedes have chosen to turn off their lights to save money on the electricity […]
Sweden’s inflation reaches its highest level in 30 years
STOCKHOLM, Oct. 13 (Xinhua) — Inflation continues to hit records in Sweden, with 12-month CPIF (Consumer Price Index with Fixed Interest) inflation reaching 9.7 percent in September, the highest level in three decades, Statistics Sweden said on Thursday. “Higher electricity prices and higher prices for food and non-alcoholic beverages contributed to the high inflation in […]
Sweden’s inflation reaches a 30-year high
© Provided by Xinhua Electricity prices have increased by 54.2 percent and food and non-alcoholic beverages by 16.1 percent over the past 12 months. STOCKHOLM, Oct. 13 (Xinhua) — Inflation continues to hit records in Sweden, with 12-month CPIF (Consumer Price Index with Fixed Interest) inflation reaching 9.7 percent in September, the highest level in […]
Inflation rate fell to 9.3%
Recent reports from the Icelandic Bureau of Statistics show a slight decline in the inflation rate to 9.3% in September. The data represents monthly and yearly fluctuations in the Consumer Price Index, with July’s 9.9% representing a likely high. It can be seen that the price of clothing and footwear increased by around 4.6%, and […]
Consumer prices in Finland rose faster than expected in July
“It was expected that the sharp drop in the price of gasoline would at least moderate July’s average inflation to some extent. That didn’t happen, because especially the rise in electricity and food prices tipped the scales in the other direction,” he analyzed. press release on Monday. “Broad-based upward price pressure has not disappeared, although […]
Inflation hit 9.9%
Over the past twelve months, the Consumer Price Index (CPI) has risen to 9.9% and is 7.5% excluding real estate. This is according to the latest data from the Statistics Iceland. The website of the office stated that during the summer sales, the prices of clothes and footwear were reduced by 6.8% (which decreased the […]
Consumer confidence at its lowest ever – Statistics Denmark
Danmarks Satistik announced that consumer confidence has hit minus 25.6 for July – the lowest figure since registrations began. It is therefore the third month in a row with historically low consumer confidence in Denmark. According to Kristian Skriver from Dansk Erhverv, the declining purchasing power is largely to blame. “The historically high price increases […]
Sweden’s inflation reaches its 30-year high in June
STOCKHOLM, July 14 (Xinhua) – Inflation continues to accelerate in Sweden when the CPIF (Consumer price index with fixed interest rates) rose by 8.5 percent on an annual basis in June, according to statistics released on Thursday. Data collected by Statistics Sweden have for months confirmed that the country has suffered from the highest inflation […]
Highest consumer price increase in Denmark since 1983 – Statistics Denmark
Denmark’s consumer price index has risen to its highest level since 1983. according to Statistics Denmark. June saw a staggering 8.2 percent increase from a year ago. In February 1983, the increase was just half a percentage point higher. Statistics Denmark states that the probable reason is the rising commodity prices, which have risen by […]
Inflation will accelerate to 7% in May, the highest in 30 years
Inflation in Finland has risen to its highest level in more than 30 years and was 7.1 per cent in May. Statistics Finland’s recent consumer price index also found that inflation had accelerated significantly since April, reaching 5.7 per cent. According to the number crusher’s report, the acceleration in inflation was due to, among other […]
HS: Rents in Finland may jump this year due to a common clause in the leases
Contracts may also include a clause linking the increase to the consumer price index and setting a minimum annual increase. Anne ViitaThe Chief Operating Officer of Suomen Tenants told Helsingin Sanomat on Monday that in the latter case, the minimum increase is typically about three percent. Some leases stipulate that the rent must be reviewed […]
Thursday ‘s newspapers: Turkey blocks talks, Finnish vegetables and "NATO pen"
Helsingin sanomat newspaper contains a timeline describing Finland’s latest developments and Sweden’s application for NATO membership after Turkey blocked the union’s decision to process the two countries’ applications on Wednesday. HS writes that the Turkish Foreign Minister Mevlüt Çavuşoğlu met with the US Secretary of State Antony Blinken In New York on Wednesday and told […]
Sweden’s inflation continues to rise after breaking a 30-year record
STOCKHOLM, 12 May (Xinhua) – Sweden’s inflation has continued to rise in April after breaking its 30-year record a month ago, Statistics Sweden stated on Thursday. The figure is 6.4 percent in April, up from 6.1 percent in March, when it surpassed the previous record in December 1991. “(There have been) continued extensive price increases […]
Gasoline and diesel prices will fall slightly during April
The average price of both petrol and diesel in Finland fell in April as a result of Russia’s invasion of Ukraine in March, following a sharp rise. The consumer price index released by Statistics Finland on Friday revealed that the average price of petrol 95E fell to EUR 2.17 per liter in April from EUR […]
Sweden has the highest inflation since 1991
STOCKHOLM, April 14 (Xinhua) – Sweden is experiencing the highest inflation in decades, with a 12-month inflation of 6.1 percent in March, Statistics Sweden stated on Thursday. “The inflation rate rose sharply due to a general and broad price increase. Prices of food and non-alcoholic beverages rose, but it was mainly rising electricity and fuel […]
Tackling high inflation in Denmark: Why a Volvo 850 is a better option than a DMC DeLorean
It is hard to believe that Denmark was a hotbed of stagflation in the 1970s and 80s. Like most countries plagued by economic problems, it was OPEC’s surprising decision to limit its members’ supply of oil in 1973 that started the rotten. And so for the next 15 years, Danish governments applied, mostly without success, […]
Nordea: Rising housing costs are hitting homeowners the hardest
Rising interest rates, accelerating inflation and the resulting rise in housing costs are straining the wallets of homeowners in particular, Nordea Bank says in its recent housing market review. According to the consumer price index, housing costs rose by 7.3 per cent year-on-year in February. "The price of electricity has risen by an average of […]
The US dollar is rising against the strongest CPI growth since 1982
NEW YORK, FEBRUARY 10 (Xinhua) – The US dollar rose in late trading on Thursday due to higher-than-expected inflation. The dollar index, which measures the dollar against six major comparable competitors, rose 0.06 percent to 95.5530 in late trading. The US Consumer Price Index (CPI) for January 2022 showed 7.5 percent of growth on an […]
Business Round-Up: Government Refuses to Help Majority of Homeowners Affected by Paralyzing Heat Bills
The government is strongly opposed to a proposal to financially help hundreds of thousands of people in Denmark with huge heating bills – primarily homeowners serviced by gas, where there is no alternative energy supply. Yesterday, the Danish People’s Party and the Conservatives presented a bill that proposes that the government should help the affected […]
The US dollar weakens as investors wait for CPI data
NEW YORK, FEBRUARY 9 (Xinhua) – The US dollar fell in late trading on Wednesday, a day before the release of long-awaited consumer price index (CPI) data. The dollar index, which measures the dollar against six major comparable competitors, fell 0.15 percent to 95.4950 in late trading. The US CPI for January 2022 is expected […]
From the deep end: Swimming pool tickets have risen sharply in recent years
Expensive pools In 2021, the price was 4.5 percent lower for fitness and 8.2 percent higher for bowling compared to 2001. During the same period, the price of swimming and riding increased by 92 and 66.2 percent, respectively. Since 2001, the consumer price index (the red line in the picture below) has risen by 36.1 […]
Pandemic rises are starting to weigh on food prices
Food prices are rising above the consumer price index in three out of four Icelandic grocery chains. This is due to a price survey Veritabus conducted last week at Hagkaup, Festar, Heimkaup and Samkaup. Food prices in three of them increased even more than the latest results of the ASÍ price survey conducted at the […]
Sweden reports the highest inflation in 28 years
STOCKHOLM, December 14 (Xinhua) – Sweden’s inflation rose to 3.6 percent in November, up from 3.1 percent in October. This is the country’s highest inflation since 1993, Statistics Sweden states in a statement on Tuesday. Rising energy prices contributed to the highest inflation rate since December 1993, says Mikael Nordin, statistician at Statistics Sweden. Inflation […]
Business Round-Up: Tobacco sales plunge to historic lows
The demand for tobacco in Denmark has never been lower. The period 2011-20 saw a decrease of 29 percent in sales compared to the previous decade, according to Statistics Denmark. Increase in sales of smoking tobacco But while cigarette sales fell sharply by 18 percent in 2020 – a decline due to increased taxes – […]
Inflation exceeds 3% for the first time in almost ten years
In October, consumer prices rose by 3.2 per cent year-on-year, Statistics Finland said on Monday. It was 2.5 percent more than in September. Inflation was driven by higher energy and home improvement costs. The last time inflation was over three per cent in Finland at the beginning of 2012. In October, consumer prices were boosted […]
Statistics Finland: Inflation 2.5 per cent
The change in consumer prices from the previous year was 2.5 per cent in September, according to Statistics Finland’s latest calculations. It is 0.3 per cent higher than in August, when inflation was 2.2 per cent from the comparison period. Some of the reasons for the inflation spike include rising house repair and renovation costs […]
Thursday’s papers: Gasoline prices, health tax, school holiday concerns
Motorists will find that their wallets are getting lighter, writes Central Finnish, when the price of gasoline has risen. The magazine says that last weekend, at some gas stations in Central Finland, the price of 95-octane petrol was well over 1.8 euros, almost 2 euros for 98-octane and just under 1.7 euros for diesel. Keskisuomalainen […]
Xinhua World News Summary at 1100 GMT, October 6
SEOUL – South Korea’s main inflation hovered over 2 percent for the sixth month in a row due to higher prices for agricultural products and oil products, the statistics bureau’s data showed on Wednesday. The consumer price index (CPI) was 108.83 in September, an increase of 2.5 percent from a year earlier, according to Statistics […]
Inflation in Finland will rise to 2.2 per cent in August
According to preliminary data published by Statistics Finland on Tuesday, inflation in Finland, ie the annual change in consumer prices, rose to 2.2 per cent in August. The corresponding figure for July was 1.9 per cent, and the latest figures continue this year’s trend, where Finnish inflation is rising monthly from the comparison period. For […]
Inflation is accelerating again as fuel prices rise
According to figures released by Statistics Finland on Monday, inflation was 2.2 per cent in May. In April, inflation was 2.1 per cent. The increase in consumer prices from the previous year was due to higher prices for petrol and diesel and higher home purchase costs. Consumer prices rose by 0.2 per cent from April […]
Morgan Johansson (S): There will be negotiations on the proposal
“The proposal has good things, but also shortcomings and we must now produce supplementary proposals that strengthen the tenants’ position,” says Morgan Johansson (S) in a comment to the new investigation. “Our entrance is then a system based on good security for the tenant. There will be a negotiation and we are aiming for a […]
The increase in rent affects inflation
The consumer price index (CPI) in May is 0.42% higher than in the previous month. The CPI, excluding housing costs, has increased by 0.23% since April this year. Over the last twelve months, the CPI index increased by 4.4%, and 4.0% excluding the cost of housing. This is a slight decrease in inflation, which amounted […]
Inflation is 2.1 per cent in April
According to data released by Statistics Finland on Friday, consumer prices rose by 2.1 per cent in April compared with April 2020. Inflation rose from 1.3 per cent in March. The decline in inflation in April was largely due to the sharp fall in fuel prices that took place in the spring of 2020 following […]
Business Round-Up: Denmark spends over DKK 60 million on corona tests a day
Almost half a million Danes are tested a day – which is an expensive price for the government, reports DR. It calculates that it costs on average more than 60 million kroner a day to perform all the tests. The average daily price was based on the period from April 28 to May 3 and […]
Highest inflation in over 8 years
Inflation measured over the 12-month period is now 4.6% and has been the highest since February 2013, i.e. for over 8 years. The consumer price index based on the price level in April 2021 increased by 0.71% from the previous month. The same index, net of housing prices, has increased by 0.38% since March 2021. […]
Wage index increased by 10.6%
According to data from the Statistics Iceland (Hagstofa Íslands), the wage index increased by 0.35% between February and March. In the last 12 months, this number has increased by 10.6%, which is the same result between February this year and last year and at the same time the highest since August 2016. The consumer price […]
Iceland moves down in the ranking of the corruption index, still the most corrupt Nordic nation
Transparency International is the latest Corruption Perceptions Index shows Iceland which is in 17th place in the world compared to the least corrupt countries in the world in 2020. This is down from 11th place in 2019. This is especially the case with corruption, where 100 means being completely corruption-free. On those fronts, there is […]
Report: Sharply increased VA fees this year
VA fees have risen sharply this year, in some municipalities by as much as 20 percent, and the average in the country ends up with an increase of 3.8 percent. It shows a report from the interest group Nils Holgersson Group. – We have an accumulated deficit in the business, so we need to raise […]
