Microsoft is quietly building an Xbox mobile platform and store. Consumer costs also grew sharply for housing and utilities (20.2% vs Our baseline forecast shows CPI inflation spiking to over 8% in 2022. Monsterhost provides fast, reliable, affordable and high-quality website hosting services with the highest speed, unmatched security, 24/7 fast expert support. 20 minute read 15 September 2022. The government opted to suspend the triple lock for the 2022/23 tax year in response to the pandemic, but the Chancellor has announced it will be reinstated this September for 2023 increases. Consumer Price Index CPI in Germany averaged 59.68 points from 1950 until 2022, reaching an all time high of 122.20 points in October of 2022 and a record low of 18.90 points in July of 1950. The GDP per Capita in Singapore is equivalent to 524 percent of the world's average. It marks the first economic contraction since the last quarter of 2020, amid falling industrial output (-0.7 percent). Find latest news from every corner of the globe at Reuters.com, your online source for breaking international news coverage. Exports in New Zealand increased to 6030 NZD Million in September from 5290 NZD Million in August of 2022. 1. The largest contribution to the increase was from food (14.8% vs 13.4% in August), namely oils and fats and dairy products. Consumer Price Index CPI in Germany increased to 122.20 points in October from 121.10 points in September of 2022. SEANA SMITH: All right, well, that CPI print is the big story of the day, coming in much hotter than expected-- inflation rising 8.2% in September on a year-over-year basis. Everyone deserves to feel financially secure. Annual inflation rate in the Euro Area continued to break record high levels and jumped to 10.7% in October of 2022 from 9.9% in September. September 2022 Copy link. According to the website, the pair could rise to an average of 1.244 by September 2027. 3.1% In September, Sets Level Of 2022 Pension Rise. Interest Rate in the United Kingdom averaged 7.14 percent from 1971 until 2022, reaching an all time high of 17.00 percent in November of 1979 and a record low of 0.10 percent in March of 2020. 14 Sept 2022 05.26 EDT Inflation Rate in South Korea increased to 5.70 percent in October from 5.60 percent in September of 2022. Exports of goods and services from the UK rose by 2.2% from a month earlier to a record high of GBP 68.2 billion in August of 2022, as goods sales advanced by 3.9%, driven by exports of machinery and transport equipment (5.1%), miscellaneous manufactures (8.5%) and fuels (3.4%) mainly to non-EU countries. The $68.7 billion Activision Blizzard acquisition is key to Microsofts mobile gaming plans. Core CPI inflation was expected to rise to just under 7% by September. The Q3 2022 US Economic Forecast takes an in-depth view of the US economy and explores issues such as inflation worries and concerns about a probable recession. In the US, prices rose 8.2% in the 12 months to September . Services CPI inflation has risen. The IEA cut its forecast for demand growth this year by 110,000 barrels per day to 2m bpd, while sticking to its 2023 growth forecast of 2.1m bpd. Initial support objectives now rest at the 2011 low / 2022 yearly open / 2018 high at 74.94-76.87 with a more significant pivot zone just lower at 65.92-66.57. View comments GDP per capita in Singapore averaged 27144.51 USD from 1960 until 2021, reaching an all time high of 66176.39 USD in 2021 and a record low of 3612.02 USD in 1960. This page provides the latest reported value for - South Korea Inflation The economy of Belgium shrank by 0.1 percent on quarter in the three months to September of 2022, compared to market forecasts of stagnation and following an upwardly revised 0.5 percent expansion in Q2, preliminary data showed. This page provides the latest reported value for - Germany Consumer Prices of energy continue to have the biggest impact (up 41.9% vs 40.7% in September), followed by food, alcohol & tobacco (13.1% vs 11.8%), non-energy 24: CPI inflation was then expected to rise to slightly above 11% in October, slightly higher than the monthly peak consistent with the May Report. GBP/USD rebounded firmly from sub-1.1000 levels amid UK political headlines. UK inflation forecast to peak at 8.7% this autumn of state benefits from April 2022 based on September 2021s CPI figure of 3.1%. A huge amount depends on the precise forecast for economic growth, but it is difficult to escape the conclusion that, as it stands, we are not on a sustainable fiscal path. California voters have now received their mail ballots, and the November 8 general election has entered its final stage. The Gross Domestic Product per capita in Singapore was last recorded at 66176.39 US dollars in 2021. Exports in New Zealand averaged 1571.38 NZD Million from 1951 until 2022, reaching an all time high of 6952.18 NZD Million in May of 2022 and a record low of 19.68 NZD Million in August of 1954. The government opted to suspend the triple lock for the 2022/23 tax year in response to the pandemic, but the Chancellor has announced it will be reinstated this September for 2023 increases. Canadas annual inflation rate slowed to 6.9% in September of 2022 much below the 39-year peak of 8.1% hit in June but slightly above market estimates of 6.8%. This page provides - United Kingdom Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Inflation Rate in South Korea averaged 6.95 percent from 1966 until 2022, reaching an all time high of 32.50 percent in October of 1980 and a record low of -0.40 percent in September of 2019. Key Findings. Stocks pulled back as investors weighed further potential rate hikes stemming from Thursdays September CPI report. The real-time Economic Calendar covers economic events and indicators from around the world, including the US, the UK, Canada and Australia, and is automatically updated when new data is released WalletInvestors GBP forecast for 2025 against the EUR was a steeper average of 1.212 by December that year. We help more people save through partnerships with leading financial institutions and state governments. 3.1% In September, Sets Level Of 2022 Pension Rise. At that time, the most recent version of the Office for Budget Responsibilitys Economic and Fiscal Outlook had forecast that CPI would be 2.1% in 2022 and 2.0% in 2023. But by 2023, total inflation falls to 4.3%, and by 2024, 2.2%. Inflation Rate in Venezuela decreased to 155.80 percent in October from 157.40 percent in September of 2022. Hotter-than-expected US inflation data failed to revive the dollars dominance. This page provides - Annual CPI inflation, illustrative projections based on changes to energy futures prices. For example, the DMP introduced a new question in May of this year directly asking for firms expectations of aggregate consumer price inflation. This page provides the latest reported value for - New Zealand Figures came higher than market forecasts of 10.2%, preliminary estimates showed. Consumer prices continued to slow for transportation (8.7% vs 10.3% in August), largely due to a sustained slowdown for gasoline prices (13.2% vs 22.1%) amid an increase in the global supply of crude oil during the UK productivity. Average UK property prices rose by 8.1% in the 12 months to September 2022 according to data from property portal Zoopla, writes Bethany Garner. (19932022) are available from the UK Data Service, as is the Living Costs and Food Survey and the Family Resources Survey. Meanwhile, decreases were recorded for material U.K. inflation rose in the year to September 2022 as the country's cost-of-living crisis continues to hammer households and businesses ahead of a tough winter. Meanwhile, growth was recorded 1 minute read September 8, 2022 3:44 PM UTC Last Updated ago Citi cuts peak UK CPI forecast to 11.7% after energy cap. footnote [14] While their backward-looking perception of consumer price inflation has generally been in line with measured CPI on average (e.g. Inflation Rate in Venezuela averaged 3693.97 percent from 1973 until 2022, reaching an all time high of 344509.50 percent in February of 2019 and a record low of 3.22 percent in February of 1973. 31 October: Zoopla Reports 8.1% Price Rise. The platforms GBP forecast for 2022 in relation to the euro had the pair finishing the year at an average of 1.16. Amid rising prices and economic uncertaintyas well as deep partisan divisions over social and political issuesCalifornians are processing a great deal of information to help them choose state constitutional officers and The annual inflation rate for countries which use the euro is forecast to be 10% in September, mainly because of energy costs. CPI was 10.1% in the year to September 2022, up from 9.9% in August, meaning that prices (on average) are still 10.1% higher than a year ago. The annual inflation rate in the UK rose to 10.1% in September of 2022 from 9.9% in August, returning to the 40-year high hit in July and surpassing market expectations of a 10% rate. 3.1-3.6%. UK inflation forecast to peak at 8.7% this autumn of state benefits from April 2022 based on September 2021s CPI figure of 3.1%. CPI inflation was 10.1% in September and is projected to pick up to around 11% in 2022 Q4, lower than was expected in August, reflecting the impact of the EPG. 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