Bitcoin Touches ATH of Almost $69,000 as US Inflation Jump Fuels Cost Concerns
Bitcoin rose 1.9% to a record $68,991 as US consumer prices rose at the fastest annual rate since November 1990. Bitcoin’s surge on high inflation in the US reflects the…
UK Annual Price Inflation Jumps by 8.1% in October to a Record High
(Halifax) UK posted an average house price of 270,027 pounds in October, an annual increase of 8.1% compared to 7.4% in September. The prices are now up for the fourth…
Euro Area Posts a Higher 4.1% Jump in Inflation in October
(Eurostat) Annual inflation in the euro area was 4.1% in October, the highest since 2008, beating, and beating17.6% increase in September. Services led to a 2.1% increase in inflation compared…
EU Posts a Higher 3.6% Annual Inflation in Sept. Compared to 3.4% in the Euro Area
(Eurostat) Annual inflation was 3.6% in the EU in September, up from 3.2% the previous month, and 0.3% a year ago. The inflation was 3.4% in the euro area, higher…
UK Annual Inflation Growth Eases to 3.1% in September But Fuel Prices Remain High
(ONS) The UK annual inflation growth eased to 3.1% in September from 3.2% in August. Including owner occupier’s housing growth, CPI eased to 2.9% from 3% in the prior month.…
US Inflation Beats Estimates After a 0.4% Monthly Surge in September
(BLS) US Consumer Price Index ticked higher by 0.4% in September, higher than projected and August’s 0.3% increase. The index was up by 5.4% in the last 12 months, higher…
Top 3 Assets That Are Good Inflation Hedges
The cost of most things is rising in the US. Official data show that the overall cost of items is rising by more than 5% year on year. This is…
Euro Area Annual Inflation Hits a 13-Year High of 3.4% in September
(Eurostat) Annual inflation in the euro area is projected to have jumped by 3.4% in September, up from 3.0% in August. Inflation is the highest since September 2008, driven by…
Inflation
“Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair” - Sam Ewing. This nice take perfectly sums…
UK House Prices Hit a Record £262,954 in August Amid Fall in Inflation
(Halifax) UK house prices rose by 0.7% or 1,789 pounds in August from July, pushing the average cost to a fresh record of 262,954 pounds. Fig: UK House Price Change…
Euro Area Inflation Expected to Jump to 3.0% in August
(Eurostat) Flash estimates of the euro area’s annual inflation put consumer prices at a higher 3.0% rate in August compared to 2.2% in July. Energy is expected to be the…
Inflation Jump 2.5% in the EU, Exceeding 2.2% Increase in the Euro Area in July
(Eurostat) Annual inflation in the EU rose at a faster rate of 2.5% in July 2021, the gain from 2.2% posted in June. The Euro area’s annual inflation increased by…