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UK retail sales rebounds 3.4% in Jan after dismal Christmas figures

UK retail volume rose 3.4% MoM in January, after it dropped by 3.3% in December

UK inflation holds at 4% in January

CPI: 4.0% YoY (Dec: 4.0%); Core CPI: 5.1% YoY (Dec: 5.1%)

US Core CPI rises 3.9% in January

Core CPI: 3.86% YoY (Dec: 3.93%) | 0.39% MoM (0.28%)

US payroll growth in Jan beats expectations

US nonfarm payroll increased 353,000 and Unemployment rate as 3.7% in January

US CPI inflation rebounds in Dec to 3.4%

Core CPI inflation continues to decelerate to 3.93%

UK Economic Inactivity and Long-term Sickness

Post-covid trend of the economic inactivity in the UK

US gains 339,000 jobs while unemployment rate rises to 3.7%

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

Eurozone inflation drops to 6.1% in May, lower than expected

Annual consumer prices in the Eurozone rose by 6.1% YoY in May, down from 7% in April.

UK house prices continue to fall in May, Nationwide reports

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

UK CPI inflation eases to 8.7% but food inflation still close to 20%

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%

Interviews

US needs large-scale Covid testing urgently: Nobel winning economist Paul Romer

In an exclusive interview with EconReporter on Tuesday, Romer, co-recipient of the 2018 Nobel Prize in Economics Science, urged the US to adopt large-scale testing immediately to halt this most detrimental economic slump ever since the Great Depression in the 1930s.