Economic Statistics

Core CPI inflation continues to decelerate to 3.93%

Inflation in the US showed further signs of easing as the yearly growth of core PCE price index slowed to 4.6% in February, while the headline number increased by 5%.

Core PCE inflation rose 4.7% in January YoY, beating expectation of 4.4% increase. The Fed-preferred price index rose 0.6% MoM compared to the market expectation of 0.5%.

Employers in the US added 339,000 jobs in May, but at the same time 440,000 more people reported they were unemployed

The headline CPI figure slowed down to 8.7% in April, from 10.1% in March, while core inflation accelerated to 6.8%, from 6.2%

US PCE price index decelerated further in March with the year over year rate dropped to merely 4.2%, down from 5.1% in February.

UK average property prices were 3.4% lower compared to the previous year, accelerating the annual fall of 2.7% in April.

Core inflation also slowed to 4.5%, compared to a year earlier.

The March US job opening and labor turnover (JOLT) report shows that job opening rate, hire rate and quit rate all dropped marginally in March, showing further cool down in the US labor market.

Statistic Canada on Friday reported that Canada's unemployment rate rose to 5.8%,, reaching the highest since the start of 2022.