About Peter Taberner
Peter has been a UK-based freelance journalist for over 15 years, and has written for several financial publications including Funds Europe, Trade Finance Magazine, International Finance Magazine. Peter also wrote for the Brussels-based newspaper and European Union news service New Europe, with articles covering a wide range of topics from pension investments to national and supra-national monetary policies. Peter has recently undertaken a particular focus on currency markets in his writing for FX Empire.
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Annualized inflation in Australia increased to 6.8% in the year to April, a 0.5% rise from 6.3% that was found in March, the latest figures released by the Australia Bureau of Statistics (ABS) confirmed.
The Reserve Bank of New Zealand hiked its Official Cash Rate as expected by 0.25%, but also made clear that this would be the last hike in the current cycle.
Retail sales in the United States have increased month-on-month for April by 0.4%, data from the United States Census Bureau has confirmed.
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Canadian CPI (inflation) data released Tuesday 16th May showed annualized inflation rose in April from 4.3% to 4.4%, above the consensus forecast of 4.1%.
Annualized inflation in the United States has fallen by just 0.1% down to 4.9% in the year to April, according to data released by the Bureau of Labor Statistics (BLS).
The latest Australian inflation data showed that price rises have cooled from the peak of 8.4% annualized inflation for December last year, to a lower rate of 6.8%.
The Federal Reserve has increased interest rates in the US by 0.25% for the second successive meeting, amid turmoil in the banking system which might have led to a pause in rate hikes.
US inflation data released yesterday showed a fall to an annualized rate of 6%, as had been widely expected.
The Bank of Canada announced no rate hike at its policy meeting yesterday.
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Australia’s annualized inflation rate eased in January to 7.4%, but this is still the second-highest monthly year-on-year increase since records began back in September 2018.
The Reserve Bank of New Zealand (RBNZ) has raised its interest rates by 0.50% to a 14-year high of 4.75% and signaled that there will be further rate rises to come in its attempt to combat high inflation.
Annualized inflation in the US has fallen for the seventh consecutive month in January to 6.4%, according to the Bureau of Labor Statistics (BLS).