inflation
ValueWalk
Rentnerinnen und Rentner haben in den vergangenen Jahren aufgrund der Inflation rund 1,7 Prozent ihrer Kaufkraft verloren. Die sonstigen Haushalte büßten von 2018 bis 2023 im Schnitt mit 2,2 Prozent etwas mehr Kaufkraft ein. Das ist das Ergebnis einer am Montag in Berlin präsentierten Studie des Forschungsnetzwerks Alterssicherung der Rentenversicherung. Allerdings hatten die Rentnerhaushalte vergangenes Jahr nur 2962 Euro Haushaltseinkommen im Schnitt pro Monat - die sonstigen Haushalte 4674 Euro. Rentnerhaushalte verfügten nicht über so viel Einkommen und Vermögen wie andere Gruppen, sagte F...
DPA (German)
Calls for more public school spending are growing louder in states like Texas, Pennsylvania, and New York. "You will see terrible cuts," warned Texas State Representative Jon Rosenthal, who is leading a group of Democratic lawmakers demanding that Gov. Greg Abbott call a special session to boost education funding in the state. Public school budgets are a mess heading into next school year but it's not for a lack of dollars—President Joe Biden's COVID-19 windfall for public schools is backfiring. During the pandemic, Congress doled out $190 billion in K-12 relief aid, which created a fiscal cli...
Reason
There are indications that the European Central Bank (ECB) may be planning to cut interest rates at its meeting next month. In an interview with the Financial Times, the ECB's chief economist Philip Lane said: "Barring major surprises, at this point in time there is enough in what we see to remove the top level of restriction." If there is a cut at the 6 June meeting, which takes place as the European elections are being held, it would mean the ECB would be cutting its rates ahead of any other major central banks. It had came under criticism for being too slow to raise them after inflation sur...
Euronews (English)
Some key economic data will drive market sentiment, with the Consumer Price Indices (CPIs) from major European countries set to be in the spotlight this week. Additionally, Personal Consumption Expenditures (PCE) will be a focus for investors looking to gauge central banks’ interest rate trajectories. EuropeFollowing the hotter-than-expected inflation data from the UK last week, major economies, including Germany, France, Spain, and Italy are poised to release their estimated CPI for May this week. At a country level, Germany will release the prelim CPI for May on Wednesday. The country’s infl...
Euronews (English)
The cost of olive oil rose by 113.8% between March 2019 to March 2024, with rises for baked beans and sugar climbing too, according to a study BravoVoucher.co.uk, using data from the Office for National Statistics. The UK and other parts of Europe have been hit hard by the rise in the cost of living but countries such as Zimbabwe, Argentina, Venezuela, Haiti and Lebanon have also seen their costs rising sharply. Which food items have gone up the most in the past five years?According to the study, a 500ml to 1 litre bottles has gone up from around £3.76 (€4.41) on average in March 2019 to appro...
Euronews (English)
Fast jeder fünfte Erwachsene in Deutschland will oder kann einer Umfrage zufolge kein Geld auf die hohe Kante legen. Knapp 18 Prozent der 2140 von YouGov für die Postbank Befragten antworteten auf die Frage, wo ihre Ersparnisse bleiben, entsprechend. Etwa ein Drittel der knapp 1600 Umfrageteilnehmer, die nach eigenen Angaben über Ersparnisse verfügen, verzichtet bei einem Großteil des Geldes auf Zinsen: Weil sie es auf dem - zumeist unverzinsten - Girokonto stehen lassen (23,3 Prozent) oder als Bargeld verwahren (6,9 Prozent). Ein knappes Drittel (32,1 Prozent) der Sparer steckt den größten Te...
DPA (German)
The final estimate for Germany’s quarter-on-quarter gross domestic product (GDP) report for Q1 2024 came out on Friday morning. It revealed that GDP grew by 0.2%, according to the Federal Statistical Office. This was a surge from the previous quarter’s -0.5% and in line with analyst estimates. This increase was mainly due to a jump in gross fixed capital formation, which rose to 1.2% in the first quarter of the year, from -2.1% in Q4 2023, primarily driven by advances in construction investment. Year-on-year GDP came in at -0.2% in Q1 2024, which was the same as the previous quarter, as well a...
Euronews (English)
Retail sales in the UK were down sharply in April, with a fall of -2.3% and down further from March's -0.2% in March, according to the Office for National Statistics (ONS). The figure, the largest drop in retail sales in the past four months was much worse than analyst expectations of -0.4%. The main reason for this was a drop in sales volumes across several sectors, especially non-food sales, which dropped 4.1%. The sectors include sports equipment, furniture, clothing, games and toys and more. Food costs remain highBad weather for most of April was seen as the main culprit, deterring several...
Euronews (English)
Die Augen der Märkte werden Ende Mai auf Südafrika gerichtet sein, wenn das Land am an die Wahlurnen geht, um an den demokratischen Parlamentswahlen teilzunehmen. Gerüchten zufolge besteht dabei die Möglichkeit, dass die African National Congress Party zum ersten Mal seit 30 Jahren von der Macht gestürzt wird. In diesem angespannten politischen Klima hat Statistics South Africa heute Morgen die landesweiten Verbraucherpreisindex-Inflationsraten mit Stand April 2024 veröffentlicht. Inflationszahlen heuteSüdafrika meldete für den letzten Monat einen geringfügig niedrigeren Verbraucherpreisindex ...
Invezz - DE
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