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15.06.26 - 10:36
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Finland Inflation Climbs To 26-Month High (AFX)
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HELSINKI (dpa-AFX) - Finland's consumer price inflation accelerated in May to the highest level in more than two years, driven primarily by higher transport charges amid rising fuel prices, data f......
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15.06.26 - 09:48
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Germany Wholesale Price Inflation Eases (AFX)
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BRUSSELS (dpa-AFX) - Germany's wholesale price inflation eased in May largely due to the reduction in the energy tax on mineral oil products, data from Destatis showed Monday.Wholesale prices incr......
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15.06.26 - 03:39
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The Inflation Sh*t Is Hitting The Fan (ZeroHedge)
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The Inflation Sh*t Is Hitting The Fan
Submitted by QTR's Fringe Finance
This week was proof that the inflation story that markets desperately want to go away refuses to cooperate. It also adds to the case that new Fed chair Kevin Warsh could have his hands tied — and may ultimately need to redefine inflation to untie them.
This week the Bureau of Labor Statistics reported another really ugly wholesale inflation print, adding to a growing pile of evidence that inflation pressures are proving far more persistent than policymakers, economists, and investors had hoped.
The Producer Price Index rose 1.1% in May, well above economist expectations of 0.7%. On a year-over-year basis, wholesale inflation accelerated to 6.5%, the highest reading since November 2022.
Even though core PPI, which excludes food and energy, came in slightly below expectations at 0.4% versus estimates of 0.5%, that distinction shouldn't provide much comfort. The headline figure remains extraordinarily elevated, and ...
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