Inflation

High inflation, ballooning trade deficits, and the Government's economic management are among big issues highlighted at the ongoing National Assembly sitting in Hanoi. Le Quoc Dung, vice chair of the NA Economic Committee, talks with The Saigon Times Daily on the sidelines of the sitting on such issues. Excerpts... [[ This is a content summary only. Visit my website for full links, other content,

In today's unpredictable global economy, you obviously never know what is going to happen next. Uncertainties and concerns regarding the Iraqi threat, North Korean crisis, and hidden terrorist cells and networks continue to loom in the back of the minds of consumers. Moreover, the stock markets and industries around the world. Price inflation is another major concern for everyone. The latest

It is not enough that the cost of food is moving up by double digits in China. Now other components of the economy are showing even worse inflation. In April,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

State Bank of Vietnam’s strategy director Le Xuan Nghia says the interest rate cap needs to be removed and refinancing rates increased to ensure the long-term success of the government’s anti-inflation moves. In the following interview, Nghia discusses why he thinks the government is depending too much on monetary... [[ This is a content summary only. Visit my website for full links, other c

The CPI showed that prices for food rose .9% in April, the most in 18 years. Overall, total inflation was more muted and the market was relieved. In the UK,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The cost of food in the US was up .9% last month, the highest increase in 18 years. The news reinforces the concern that the rising price of agricultural... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

LONDON (MarketWatch) - U.S. stock futures edged higher on Wednesday after inflation outside of food and energy didn’t rise as quickly as forecast, with ex-Federal Reserve Chairman Alan Greenspan anticipating a housing market bottom next year. S&P 500 futures rose 4 points to 1,408.70 and Nasdaq 100 futures added 5.5 points to 2,011.50. Dow industrial futures rose 30 points. U.S. stocks

May 14, 2008HSBC economist tips inflation at 6% this yearBy Alvin FooINFLATION is set to peak in the coming months before falling to 4 per cent by the end of the year, said HSBC Bank economist Robert Prior-Wandesforde yesterday.However, he expects overall inflation for the year to average 6 per cent because of higher oil and food prices.The Monetary Authority of Singapore anticipates inflation thi

Indian annual inflation rose to a 3-½ year high of 7.61 percent in late April, prompting the finance minister to pledge that the government would take more action to tame prices if needed. Wholesale inflation (WPI), the country's most closely followed measure of price trends, has more than doubled since November as India, like other countries globally, saw its import bill for oil and food prices

The RBI’s Annual Credit Policy has come and gone and the markets and the economy are reacting to the initiatives of the RBI. It is obvious that the Governor/RBI has been proved correct in his judgment of the inflationary potential in the economy and his measures to raise the CRR before the credit policy were, [...]

Inflation may ease: TharmanWeekend • May 10, 2008— BloombergSingapore's inflation may slow down in the second half from that of the preceding period, Finance Minister Tharman Shanmugaratnam said.The government does not need to adjust its inflation forecast of 4.5 per cent to 5.5 per cent, Mr Tharman told reporters in Jakarta yesterday. Singapore's policies focus on the long-term trend, he said

Here I covered a news, few days back on inflation when the inflation was 7.57% and expected it to rise further till 8%. And that seems to be coming true now. The latest inflation figures released on Saturday for the week ending Apr 26th stands at 7.61%.But this time around it was on the [...]

The BSE Sensex closed at 16,737 (down 344 points), while the NSE Nifty closed at 4,983 (down 99 points) during the last trading day of the week. The market tumbled today hit by a series of bad news on the domestic and global front. India`s inflation surged to more than 3-year high, global markets declined and crude oil hit yet another record high near $125 a barrel. All the sectoral indices on BSE

Inflation is no longer just eating into your pocket by way of higher grocery bills. It's also eroding the money you've safely put away in a fixed deposit in your bank or post office. That's because... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Gap widening week-on-week; Chidambaram says more steps if needed Though inflation has not shown any significant spurt during the latest reported week, rising by 7.61 per cent for the week ended... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

When the everyday "Cost of Living" increases, our dollars don't go as far as they used to.  Economists call this inflation. One popular method of measuring inflation is to track prices for 84,000 individual items and lump them together into a "basket".  If the overall price is higher, then the economy is experiencing inflation. If a picture is worth a thousand words, this one from The New York Times is worth at least 84,000.  Broken down item-by-item, life is more expensive in some places you expected, and some places you didn't.  For example, over the past year: Gasoline: +26% Milk: +13.3% Children's Shoes: +4.6% Pet Supplies: +6.8% Aside from damaging household budgets, inflation can be especially rough on both active home buyers and homeowners looking to

Inflation remains at 42-month high. Inflation for week ended April 26 stood at 7.61% Vs 7.57%. For March 1, inflation is revised to 6.21% Vs 5.11% (Prov).WPI for all commodities stood at 227.7, up 0.1%. April 26 WPI is up on rise in food prices. Tea prices for week ended April 26 is up 11%.Mr [...]

The Indonesian central bank of Indonesia forecast Friday the inflation rate could be more than 10 percent this year if the government raises oil price by up to 30 percent."Inflation can reach a double digit if the oil price is raised, " Hartadi Sarnowo, deputy governor of the Bank of Indonesia, told reporters at the Jakarta Convention Center on Friday.The deputy said that the hike of oil prices could lead inflation rate to increase by 2 to 3 percent.Indonesia's cumulative inflation by April reached 4.01 percent and the year-on-year increase of inflation in April is 8.96 percent, according to the National Statistic Bureau.Indonesia News Blog:

BoE Holds Rates on Inflation FearsAs food prices rise, the Bank of England keeps interest rates unchanged—to the dismay of retailers and industry Link - Fri, 09 May 2008 10:04:00 GMT - Feed (1 subs) Sent using SendMeRss.com. Visit here to unsubscribe from "2-business" via X2 in Google. Recommended Feeds/Actions Subscribe DealMeRSS.com - Great Deals Delivered Every Day

When the everyday "Cost of Living" increases, our dollars don't go as far as they used to.  Economists call this inflation. One popular method of measuring inflation is to track prices for 84,000 individual items and lump them together into a "basket".  If the overall price is higher, then the economy is experiencing inflation. If a picture is worth a thousand words, this one from The New York Times is worth at least 84,000.  Broken down item-by-item, life is more expensive in some places you expected, and some places you didn't.  For example, over the past year: Gasoline: +26% Milk: +13.3% Children's Shoes: +4.6% Pet Supplies: +6.8% Aside from damaging household budgets, inflation can be especially rough on both active home buyers and homeowners looking to r

The market tumbled today hit by a series of bad news on the domestic and global front. India`s inflation surged to more than 3-year high, global markets declined and crude oil hit yet another record high near $125 a barrel.All the sectoral indices on BSE, barring FMCG index, were in red. Oil & gas, realty and banking stocks declined sharply.Inflation based on wholesale prices rose 7.61% in the 12 months to 26 April 2008, marginally higher than previous week`s annual rise of 7.5%, government data released in early afternoon trade showed.European markets, which open after Indian markets, were trading sharply lower. Key indices in UK, France and Germay were down by 1.52% to 2.48%. Asian markets, which opened before Indian market, were trading lower. Key indices in China, Hong Kong, Japan, Sin

Recession or not, the world economy is definitely slowing down. And to make matters even worse we have food shortage and slower oil supplies pushing up the prices worldwide. In India, inflation touched a 42 week high for the week ending April 25th. Not very conducive for recruitment season, one would assume. US B school [...]

Merging small banks to form bigger ones, loosening the conditions for bank refinancing and removing the ceiling interest rate are the three things suggested by experts to solve banks’ problems. Dr Nguyen Chung Binh, lecturer at Harvard University: The channels of distributing capital to the national economy are... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The market witnessed a bout of volatility after the latest data showed a surge in inflation to highest level in more than three years. Banking and oil & gas stocks edged lower. The market breadth was positive.Inflation based on wholesale prices rose 7.61% in the 12 months to 26 April 2008, marginally higher than previous week`s annual rise of 7.5%, government data released in early afternoon trade showed.Asian markets were trading lower. Key indices in China, Hong Kong, Japan, Singapore, South Korea and Taiwan were down by 0.60% to 2.06%.At 12:20 IST, the 30-share BSE Sensex was down 31.87 points or 0.19% at 17,048.78. The index lost 106.03 points at day`s low of 16,974.62, hit in early trade. Sensex rose 45.3 points at the day`s high of 17,125.95, hit in early trade.The broader based S&P

The market is likely to turn cautious ahead of inflation data to be released for the week ended 26 April 2008 by noon today. Soaring crude oil prices and no visible cooling in the prices of primary articles, inflation is likely to be more or less near previous week`s levels.The spiralling inflation has been the biggest cause of concern for Indian equities market. The wholesale price index (WPI) in the week ended 19 April 2008 had galloped to a fresh three-and-a-half-year high of 7.57% from 7.33%. The WPI remained above the 7%-mark (significantly above RBI`s revised target of 5.5% for the year) for the past four weeks.The recent rally in crude oil may also continue to weigh on investor sentiment. Oil rallied to strike a fresh record to an all-peak of $124.61 a barrel, after settling up 16 c

since I had some chores to do today, I didn't go to the lobby last night. nor did I go to sleep yet. yeah. I normally go to sleep around 5 or 6am every morning. but since I had to go do some visa stuff at the chinese embassy and the thai immigration, I stayed up. I thought to myself - today was the best day to get things done...as it turns out, it was the wrong day. you see, when I got to the thai immigration office, it was closed for some holiday. a wasted morning, and I still haven't gone to sleep yet. ugh!while riding the bus back to my place, I said to myself, I have to do something to make up for this wasted morning. so, I decided to go shop for some groceries. get this, prices for almost everything has sky rocketed. I couldn't believe my eyes. stuff that would have cost me

Thursday 8 May 2008   The Causes of the Current Ethiopian Soaring Inflation Rate: A Non-Technical Analysis May 7, 2008 — The most significant and daunting problem facing Ethiopia today is the rampant inflation rate. As reported by bloomberg.com, the Ethiopian Statistical Agency has reported that inflation for March 2008 has risen to 29.6%, food price inflation being even higher (39.4%). Some reports indicate the inflation rate in January 2008 to be in the range of 36%. According to Prime Minister Meles Zenawi, the causes of this rampant inflation rate are a growing economy, greedy merchants, and/or farmers who happen to demand higher prices for their products or an increase in demand. Let us use both economic theory and the facts on the ground to scrutinize the statements

Viet Nam will restrain government spending and tighten fiscal stimulus to the economy to contain inflation pressures, deputy finance minister Tran Xuan Ha said. Increases in global commodity and energy prices are stoking inflation in Vietnam, which has surged 20% from year-ago levels. Gains in food and oil costs will continue to put “upward pressure” on consumer prices in coming months, the

GBPUSD nearing key support in big picture after recent range trading. ECB and BOE on tap tomorrow. MAJOR HEADLINES – PREVIOUS SESSIONCanada Apr. Ivey PMI out at 57.6 vs. 54.0 expected US Weekly ABC Consumer Confidence dropped to -46 vs. -41 expected and -41 the previous week UK Nationwide Consumer Confidence out at 70 vs. 74 expected Australia Apr. Performance of Construction Index out at 42.6 vs. 47.7 in Mar.THEMES TO WATCH – UPCOMING SESSIONKey Risk Events (All times in GMT) UK Mar. Industrial and Manufacturing Production (0830) EuroZone Mar. Retail Sales (0900) UK Apr. Shop Price Index (0930) Germany Mar. Factory Orders (1000) US Q1 Nonfarm Productivity and Unit Labor Costs (1230) US Fed's Kroszner to Speak about Foreclosures (1245) US Weekly Crude Oil and Product Inventories (1430)

May 7, 2008 Survey shows inflation has hurt business sentiment in S'pore SURGING inflation is not just affecting spending power - it is also having a damaging effect on business sentiment in Singapore. A recent survey of accountants found that 64 per cent had a neutral to pessimistic view of the local economy. Many expect growth to slow this year and that the employment outlook will be weak with few jobs created. It was not hard to find the reason for their gloomy view. Inflation was cited by 90 per cent of the respondents as their chief concern, with turmoil in the credit markets and rising labour costs also listed. In the survey - 202 members of the Institute of Certified Public Accountants of Singapore (Icpas) were polled - 79 per cent said rising food prices were the main contributor t

The Vietnamese Prime Minister reiterated that his cabinet will continue to place top priority on reining in inflation in the coming months while addressing the National Assembly session in Hanoi on May 6. Prime Minister Nguyen Tan Dung asked the law-making body to consider the Government’s request to lower the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Actually, the value of “fiat” money has been rising like crazy, over the past 28 years, since gold reached $852 per ounce in nominal valuation. Consider the fact that the money supply has expanded by leaps and bounds since then. The scenario may be due for a change, because Defiated is correct in that fiat [...]

The Drive By's and politicians keep telling us how bad the economy is and how out of control prices are. The problem for the MSM and pandering politicians is that this just isn't true. The Sunday NY Times had a chart yesterday illustrating that more than 30 goods have FALLEN in price over the last year. These goods included: Citrus fruits: -9.5% Lettuce: -3.2% Pork chops: -1.3% Ham:... Click the Headline Link to Visit Copious Dissent and Read the Full Story.

Though the Vietnamese economy is under the pressure of high inflation and global economic depreciation, US investors still believe in the Vietnamese government’s directions and have a long-term investment policy in this market, said Stuart Dean, Chairman of General Electric in Southeast Asia. Dean is leading a group of 23 top US corporations in the fields of agriculture, infrastructure, energy,

Viet Nam's central bank said it would try to rein in inflation by limiting loans to consumers and stock and property investors as the country faces the prospect of a credit ratings downgrade over fears its economy is overheating. Standard & Poor's cut its outlook on Viet Nam's sovereign rating to negative from stable... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The Government’s domestic market management group has proposed a number of solutions aimed at curbing the soaring inflation rate and stabilising the macro economy while ensuring social welfare and sustainable development. A number of provincial and municipal leaders have been asked to set up monitoring groups to control the trading of essential goods and regularly report market situation to the

For week ended April 19, the inflation stood at 7.57% Vs 7.33%,We expected it might be little bit less at 7.25 percent or so.WPI has gone up on rise in primary articles and manufacturing goods. addthis_url = 'http%3A%2F%2Fwww.rupya.com%2Farchives%2F2008%2F05%2F05%2Finflation-data-is-at-42-month-high%2F'; addthis_title = 'Inflation+Data+is+at+42+month+high'; addthis_pub = '';

Rising food and commodity prices that are stoking inflation will probably dominate a meeting of the Asian Development Bank (ADB) as the region’s finance ministers seek ways to shield their economies from higher costs. Japan’s Fukushiro Nukaga, China’s Xie Xuren, South Korea’s Kang Man Soo and Southeast Asian ministers are meeting at the sidelines of the ADB’s annual gathering in Madrid this

Fighting inflation requires cutting edge tools and those that employ them must be well aware of the possible side-effects, an economist has said. In the following paper, Nguyen Minh Phong, Ph.D, head of the Economics Department at the Hanoi Socio-Economic Development Study Institute, argues that the careless use of such tools could give rise to more intense inflation, particularly in Viet Nam’s

The Ministry of Finance reported that, in first four months, the excess of import over export reached US $11.1 billion, equivalent to 60.8% of export turnover. In his message on dealing with difficulties and obtaining sustainable socio-economic development, the PM emphasized that “the trade balance is a very important macro index. Trade deficit which increased in 2007 and kept going up in the

House brands fly high as inflation bites - Singapore Known brands turn to R&D in a bid to fight back By SARA LIM (SINGAPORE) House brands are now big business for local supermarkets as consumers hunt down less expensive options in these inflationary times. According to supermarkets like NTUC FairPrice and Cold Storage, which develop and manage their own [...]

The wholesale price index rose 7.57% in 12 months to 19 April 2008, accelerating from the previous week`s annual rise of 7.33%, government data released today, showed. The rate was the highest since a reading of 7.68% on 13 November 2004. During the reporting week, prices of tea shot up by 17 per cent, even as other food items like milk, rice, vegetables and mutton became dearer.Among other commodities, the prices of light diesel oil and furnace oil went up by 2 per cent and by 1 per cent respectively.In the manufactured products category cast iron pipes jumped by 51 per cent, pig iron by 8 per cent and steel sheets by 2 per cent.The annual rate of inflation, based on Wholesale Price Index (WPI), has been rising despite fiscal and monetary measures taken by the government recently.While th

Inflation galloped to 42-month high of 7.57 per cent for the week ended on 19th April as compared to 7.33 per cent a week ago mainly on account of higher prices of food articles. Food articles like rice, milk, tea, vegetables and some manufactured products whose soaring prices are also the reason for rising inflation. The wholesale [...]

Inflation and Playing the French CardA fresh perspective, as ever, from Access Asia and a timely reminder of the puzzle of why France was singled out rather than Britain or the U.S. Anyway, it's clear now that as expected a firm hold has been placed on protests by the government, as well as other nationalist activity, especially yesterday when protests in front of various Carrefours in China were fairly tame. But inflation is still out there. We've heard the murmuring about hoarding in the last few days, too, particularly rice, and the concurrent worries it is already creating: Thank Heavens for the French At least that's what the Communist Party is saying these days. China is united in its dislike of the French - surely a sign that China is now fully part of globalized populist public

Viet Nam’s complicated battle against inflation has weakened its stock market, John Shrimpton, a director of Dragon Capital, a HCMC-based investment fund, said in a Bloomberg Television interview Tuesday. How’s the Vietnamese stock market looking? John Shrimpton: It’s still pretty weak and it’s likely to remain so... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The comprehensive measures taken by the government recently have shown good results with the CPI slowing down in April. However, experts have warned that big challenges remain ahead. The 2.2% CPI increase in April, the lowest increase in the last four months (2.38% in January, 3.56% in February and 2.99% in March) was really good news for many people. The slowed CPI increase has been attributed

Growing inflation, declining resources and dropping production and sales; It looks like the economic woes in the US and the global slowdown are starting to catch up with the Chinese economy. Any casual observer of the Chinese economy would have to say everything is far from rosy in the middle kingdom. The dollar has continued it’s upward [...]

Indonesian inflation is expected to rise at a faster pace in April from a year ago, driven by higher food prices, economists said.Ten economists surveyed by Thomson Financial are expecting the consumer price index due for release on Friday to show a rise of 8.5 percent to 9.0 percent on the year, and to be up 0.2 percent to 0.5 percent from the previous month.In March, inflation rose 8.17 percent from a year earlier and was up 0.95 percent versus February."Food prices will likely continue to be a source of inflationary pressure in April, as they are across the region," said David Cohen, chief economist at Action Economics.Indonesia News Blog:

Inflation-proof investing Commentary: A portfolio to protect your returns By Dr. Marvin Appel Last Update: 12:01 AM ET May 1, 2008 GREAT NECK, N.Y. (MarketWatch) — Inflation has climbed to 4% this year — a level not seen on a sustained basis in 17 years — while the U.S. dollar hovers at record lows. At the same time, the U.S. stock market [...]

It will also release the actual prices of various commodities used in calculating the inflation rate, the Secretary in the Department of Industrial Policy and Promotion (DIPP) told reporters here today.Release of actual price data in the public domain will increase transparency and eventually correct anomalies, if any, in the price data collected by the DIPP, which is based on voluntary disclosures from trade sources, he said.He said that the Government has also decided to shift to a new index – Producer Price Index (PPI) – in future which would give a better measure of the economic trend.The PPI would capture the price movements at the producers’ level and would measure both input prices paid by the producers and the output price that they receive on produced items, he said.“It is

The Federal Open Market Committee's (FOMC) widely expected move to cut the Fed Funds rate by 25 basis points to 2% fails to instill confidence. Citing both the sagging economy and a highly uncertain inflation outlook the FOMC favored in an 8-2 split vote to try and stimulate the economy with cheaper credit.This will not go down well with consumers and businesses suffering from a parabolic development of their daily expenses. CNBC had an interview with the president of the American Retail Bakers, whose name I did not jot down. The lady was not too happy about the Fed's move. She would have preferred to see a sign that the Fed is truly concerned about inflation and will do something against it. Wall Street was disappointed too. In a classic "buy the rumour, sell the news" move it erased its

“You’re seeing a price revolution unfold before your very eyes.” — Ed Bugos by Ed Bugos Baltimore – (TFN): The economy doesn’t know what to do with itself. The Fed has made it all but certain that inflation will be a problem. Prices are rising and everything has become [...]

Ich habe vor einigen Tagen einmal die Unternehmen EDEKA, ALDI, LIDL und Rewe angeschrieben und habe denen vorgeschlagen, sie sollen doch einmal mit ihrer Hausinflationsrate werben. Ich denke, dass diese Inflationsrate ein sehr realistisches Bild von der aktuellen Preisentwicklung geben würde als die Volksverdummende Inflationsrate des statistischen Bundesamtes! Wenn viele Leute an diese Unternehmen E Mails schicken [...]

The Reserve Bank of India (RBI) is likely to unveil Tuesday a slew of measures to tackle inflationary pressures and the economic slowdown in its annual monetary policy report for 2008-2009.India's wholesale price index (WPI), the most widely watched indicator for gauging inflationary trends, was at 7.33 percent on April 12, almost 200 basis points higher than the 5 percent limit set by the central bank, due to higher food and fuel prices.Most economists feel that the central bank will leave the bank rate and cash reserve ratio (CRR) untouched, but will raise the repo rate and reverse repo rate to suck liquidity from the banking system.The central bank hiked the CRR by 50 basis points on April 17 to be implemented in two stages on April 26 and May 10, in order to drain about 185 billion rup

The current trend of escalating inflation in Viet Nam is contingent upon global factors and governmental leaders must adjust their economic policies to mitigate its effects, a economist has said. Consumer prices rose 21.4% in April, the fastest pace since at least 1992, as surging global demand for commodities drove up the cost of food. Inflation was the steepest since Vietnam was struggling to

“Energy price surge stokes inflation…”"U.S. seeing worst food inflation in 17 years…”"Foreclosures continue to soar, worst is not over…” If you live in the USA you are probably seeing a lot of these headlines but no matter where you live there is always something. Wars, crime, pollution, political unrest and even if your life is [...]

Viet Nam’s central bank will not change the benchmark interest rate because month-on-month increases in inflation show recent policy measures have been effective, according to Governor Nguyen Van Giau. Consumer prices in the Southeast Asian nation surged 21.4% this month from April 2007, the most since at least 1992,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The loan market could be hurt by speculation that the government plans to tighten credit to slow inflation, the Viet Nam Bank for Industry and Trade has warned. “The credit and capital markets may face difficulty because of government policy in the months ahead,” Nguyen Anh Tuan, deputy director of the banking... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Prime Minister Manmohan Singh on Friday assured a delegation of left leaders that all steps were being taken to reverse the recent upward trend in inflation. The Prime Minister told the delegation of the CPI(M), CPI, RSP and Forward Bloc that the government would “closely monitor the situation and take steps to strengthen the Public Distribution [...]

Homebuyers who thought mortgage rates were heading down because of all the Fed interest rate cuts need to think again. According to Freddie Mac, 30-year mortgages rates increased 0.15 percent this week, despite all the rate cuts from the Fed. If you think that is strange, remember that 30-year mortgage rates are not tied to the Fed interest rates, but instead are controlled by the mortgage-backed securities market. Read our previous post: How Do Fed Interest Rate Cuts Really Affect Mortgage Rates? for more background on that. The bottom line is that when 30-year mortgage rates go up, despite the lowering of key Fed interest rates, it is typically because of inflationary fears. It seems that mortgage rates won't be going down until the Fed can get inflation under control. The Fed is likely

The WPI rose 7.33 percent in the year through 12 April 2008, which went up from the previous week’s annual rise of 7.14 percent, government data showed on Friday, 25 April 2008. The annual inflation rate was 6.34% during the corresponding week [...]

Every permanent resident and non-permanent resident of Macau will receive a one-time government subsidy of $5,000MOP and $3,000MOP before July the latest, due to the influences of growing living costs and the rise of inflation. SAR government would spend about $2 billion MOP on the subsidies, giving the money to the eligible 527,000 Macau Identity Card holders, which include 67,000 residents who are studying or living aboard.澳門大發紅包，近年博彩收益大增，特區政府決定把結餘當成紅利和人民共享。特首何厚鏵宣布將發給每位永久居民五千元澳門幣回饋居民, 爭取在今年7月份實施。現時持澳門智慧身份證的52.7萬名居民中，有46.1萬人是永久居民，6.6萬人是非永久居民, 這52萬 (包括6.7萬名在海外居住

With the threat of rising inflation looming over the UK at the moment, now is a good time to get an understanding of the problems facing the Bank of England.Firstly what is inflation?Inflation is a rise in the general level of prices over time. It may also refer to a rise in the prices of a specific set of goods or services. In either case, it is measured as the percentage rate of change of a price index.Inflation is not a simple phenomenon. If it is due to excessive domestic demand, this can be controlled by tightening money supply - higher interest rates, tighter lending rules. Asset inflation - the housing market falls into this category.But we should not count asset values as inflation anyway. Inflation should be applied to the cost of consumables as this is what really erodes the valu

The fundamentals behind gold’s rise, weak dollar, inflation, world wanting to end dollar as the world reserve currency, lack of manufacturing here, owe more than we own, $50 trillion unfunded liability. 200% debt to GDP (personal, city, state and federal) plus corporate debt, etc. But, it got ahead of the trend and usually when it does, [...]

Inflation is the greatest threat to Asian economies and regional leaders must make combating it a priority in 2008, Asian Development Bank President Haruhiko Kuroda said in an interview published on Wednesday. "The greatest macroeconomic danger is inflation. Given than food and fuel are the basic elements of the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The Bank of Canada cuts 50 bps, but offers marginally less dovish guidance than expected. Bank of Norway decision in focus today. MAJOR HEADLINES – PREVIOUS SESSIONBank of Canada cut rate 50 bps to 3.00% as largely expected. US Mar. Existing Home Sales out at 4.93M vs. 4.92M expected US Weekly ABC Consumer Confidence out at -40 vs. -39 the previous week Japan Mar. Adjusted Merchandise Trade Balance out at ¥770B vs. ¥890B expected Australia Q1 Headline Consumer Prices increased 4.2% YoY vs. 4.0% expected France Mar. Consumer Spending fell -1.7% vs. -0.2% expected Sweden Riksbank kept rates unchanged at 4.25% as expected EuroZone Apr. Preliminary PMI Manufacturing out at 50.8 vs. 51.6 expected and PMI Services out at 51.9 vs. 51.5 expectedTHEMES TO WATCH – UPCOMING SESSIONKey Risk Even

By Koh Gui Qing SINGAPORE, April 23 (Reuters) - Inflation hit a 26-year peak in Singapore and a 13-month high in Malaysia as governments across Asia grapple with the problem of containing surging... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

HONG KONG, April 23 (Reuters) - A prolonged U.S. slowdown, extended global market volatility and rising inflation are the main risks facing Asia's local bond markets, a report from Asian Development... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The Indonesian economy is expected to be under a threat of high external inflation this year due to a surge in the global crude and food prices, an economist said. The threat had been noticeable now following a recent increase in the prices of several food commodities in the global market, Martin Pangabean of state-owned Bank Mandiri said in an "Economic Outlook 2008" report here on Tuesday. "Countries in all parts of the world, except Indonesia, saw their year-on-year inflation rate in February 2008 climbing by five- to ten-fold from a year earlier," he said. Domestic inflation pressures would be caused by at least three factors -- global food prices, the rupiah`s exchange rate against the dollar, and the pressures of global crude price spiral on the state budget, he noted. Ba

Shoppers are raiding CostCo (COST) for rice and wheat. At least the are paying for it, for the time being anyway. The discount retailers CEO says that "enough... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The consumer price index (CPI) in March leveled off at 2.99 percent after rising fast during February. More than one month after bringing in measures to control inflation, the commodities and services markets have obtained significant results despite the numerous challenges ahead. The CPI dropping to 2.99 percent in March is attributed to the Government’s tough measures, including tightening

Despite the forecast of challenges ahead, Viet Nam has recorded some positive results in fighting inflation following drastic and comprehensive measures taken over the last month and a half. The consumer price index (CPI) slowed down in March, reducing to 2.99% from over 3% in the previous month. This was considered by the government as an initial success of applying “package” solutions with a

Last week in the Indian share markets was a sign of relief for many. The inflation rate was down to 7.14% now due to the fiscal measures taken by the RBI by repo rate changes. On a whole the sensex gained 4.25% and nifty was up by 3.7%. The best performer was BSE IT [...]

Prime Minister Nguyen Tan Dung on April 17 signed the Government’s Resolution No. 10/2008/NQ-CP on measures to curb inflation, stabilise macro-economy and ensure social security and sustainable growth. The resolution saffirmed that the country’s tasks for the time being are to contain inflation, maintain macro-economic stability, ensure social security and sustainable development, with top

More about inflation on WikipediaWhat you should know about inflationby Henry Hazlitt DownloadMoney, Inflation and the Constitutional Position of Central Banksby Milton FriedmanDownloadInflation and Wages in Under-developed Countries: India,Peru and Turkey 1939-60by Bill Warren DownloadChoice in Currency A Way to Stop Inflation by Friedrich August Von HayekDownloadValue, Capitalist Dynamics, and Money by P. Zarembka DownloadExchange Rate Regimes: Choices and Consequencesby Atish R. GhoshDownloadThe Econometrics of Macroeconomic Modelling by Gunnar BardsenDownloadOpportunity Investingby Gerald Appel DownloadInflation Targeting, Debt, and the Brazilian Experience, 1999 to 2003by Francesco GiavazziDownload

What is inflation? Hey this is a blog post & not econ's lesson. Look it up here.If you manage to get the usual Starhub Top-Up card at the lowest price of $15.00. I can tell you that over the next few days, u'll be expecting $15.30 +uP.Today ~ cost of starhub card rises. Is it due to yet another inflation effect? (Well, i'm too sure sure abt that.) Perhaps some career like teaching is not affected?Facing huge global warming & terrorism (Mas Selamat Bin Kastari) issue, we have more to worry. Prices of all commodities rises, and currency of Singapore is getting stronger. Everyone's complaining: Everything also go up! $$$Income$$$, when will u go UP too?!?!How much have things rises? According to my informant aka ah gong:Cooking oil ~ increases by $1.xx to $2.00 for a 3 litre bottle. (

By Jason McLure Bloomberg (April 18 2008) - Ethiopia's annual inflation rate increased to 29.6 percent in March, the highest in over a decade, as rising food costs continued to push up consumer prices. Inflation expanded from 22.9 percent in February, the Addis Ababa-based Central Statistical Agency said in a report today. Food prices climbed 39.4 percent on an annual basis, from 30.2 percent in February, according to the report. To contact the reporter on this story: Jason McLure in Addis Ababa via the Johannesburg bureau at abolleurs@bloomberg.net.

EUR/USD (1.5904)European & US sessions forecast levels: 1.5840/1.5985Trend Sessions: European: NeutralUS: NeutralMarket Focus: 2:00 AM German PPI.Daily Strategy: After the new record of the dollar the market is flat. The Euro/Dollar is in consolidation at the levels of 1.59. It is expecting neutral trading today. There are not key economic events today. It is expecting slowly recovery of the dollar today. The speculations against the US recession and the necessary by new interest rates cut for the world biggest economy continue. On the next Fed policy meeting is expecting cut between 25 and 75 bps. It is possible to see the key benchmark interest rates at 1.00% at the same level when the Fed hold the interest rates at the lowest levels few years. At the same time the high European infl

The Ho Chi Minh city has decided to curb the rise in the cost of living by maintaining some basic fees at current levels, including tuition, hospital fees and toll fees and transport fares. The city will also pay farmers VND1 trillion to boost production. City leaders announced that medical examination and treatment fees, water fees, bus and ferry boat fares, toll fees and registration fees for

Viet Nam’s accelerating inflation may hurt the country’s export growth, JPMorgan Chase & Co. said, as authorities allow the currency to weaken in a bid to boost shipments. The Southeast Asian nation’s inflation rate rose to 19.4% year-on-year in March, the highest since 1995, driven by surging food prices. The State Bank of Viet Nam allowed the Vietnamese dong to rise in March to as strong as

Inflation for week ended April 5 are at 7.14% Vs 7.41%. Market estimates were at 7.3%. This is the first weekly decline in inflation after 8 weeks of rise.But already the RBI has taken mesaure to decrease it more down by increasing the CRR repo by 50 basis point. addthis_url = [...]

Viet Nam's Construction Ministry confirmed Wednesday that it had requested permission to compensate contractors for rising steel and cement prices, despite a prime ministerial directive in late March ordering government bodies to freeze prices and hold down spending in order to control the country's rising inflation rate. "The Ministry of Construction has asked the government to raise the prices

CURRENCY TRADING SUMMARYU.S. Dollar Trading (USD) paired its gains made on Tuesday as CPI rose less than expected to 0.3%, causing the dollar to drop against the majors. This coupled with upward inflationary pressures in the Euro Zone and an increased sell off against commodity currencies hurt the dollar, seeing it fall to a record low against the Euro. The USD sell off came despite a rise in U.S yields and U.S stocks gaining over 2%. CPI for the month of March came in slightly below forecast at 0.3% m/m, compared to 0% for February. Industrial Output grew from -0.7% in February, to 0.3% in March, surpassing predictions of a -0.1% contraction. Housing Starts for March were slightly below forecasts of 1.02 million, coming in at 947k. Similarly, Building Permits shrunk from 984k in February

Inflation for the week ended April 5 declined to 7.14% as against 7.41% in the earlier week while the market estimated at 7.3%. This was the first weekly decline in Inflation after 8 weeks of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

John Makin, a scholar at the American Enterprise Institute, is proposing that we solve the housing crisis by letting Inflation run high according to an opinion piece he published in The Wall Street Journal. Makin suggests that the alternative methods of correction are worse than high inflation, and he even goes so far as to say that the mortgage market could be nationalized if we don’t do something soon. I don’t agree with many of Makin’s views, and particularly I don’t foresee a nationalized mortgage market. First of all, his argument assumes that the government should be responsible for solving the housing crisis. If you agree that it is the government’s responsibility then Makin’s plan might not be such a bad idea (at least considering the alternatives), but I personally b

Viet Nam's accelerating inflation poses a threat to the economy's expansion and may prompt the government to take tougher measures to contain consumer-price gains, according to Goldman Sachs Group Inc. The Southeast Asian nation's inflation rate rose to 19.4% in March, the highest since 1995, amid surging food... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The Indian stock markets closed higher today. The Sensex was up 237.01 points (1.46%) to close at 16,481.20 and Nifty was up 71.10 points (1.45%) to close at 4,958.40. What cheered the markets... ...

The wholesale price index declined for the first time in 8 weeks to 7.14% for the week ended Apr. 5, 2008 as against 7.41% in the previous week.The inflation rate was 6.44 per cent a year ago. The wholesale price based inflation declined on account of easing of prices of fruits, gur and certain edible oils. The prices of vegetables, tea, pulses and coconut oil, however, continued to rise during the reporting week. In the non-food category, th e prices of steel alloys and aviation turbine fuel too remained firm. The chief economist of HDFC Bank Mr Abheek Barua attributed the decline to "direct fiscal steps taken by the government to check prices...rate of increase in prices in a number of food and manufactured items like edible oil, iron and steel have come down ." Part of the decline, he a