Jac Stewart’s Post

There was another large fall in annual inflation led by lower electricity and gas prices, due to the reduction in the Ofgem energy price cap.     Tobacco prices also helped pull down the rate, with no duty changes announced in the budget. Meanwhile food price inflation saw further falls over the year. These falls were partially offset by a small uptick in petrol prices.   Read more about today's inflation figures ➡️ https://lnkd.in/en5hW_ii #Inflation #CPI #Economy

Good news to start the morning 😊 Recent results show that inflation has fallen again, now down to 2.3% on the CPI measure. Food and non-alcoholic beverages, saw a continued downward move from 4 in March to 2.9 in April, and housing and household services saw a drop from 3.1 to 2.0, March to April, with energy prices being the dominant force there. Owner occupier's housing costs (OOH), however, saw an increase again, up from 6.3 in March to 6.6 in April, adding to an almost 4-year long rise in the costs associated with owning and maintaining a home. All in all, whilst inflation continues to fall to more manageable levels, the relentless rise in the costs of owning and maintaining a home (inc. rents and mortgages) will continue to put pressure on households and dampen the effects of falling prices in goods and services. OOH costs, however, could ease off with the beginning of base rate cuts from the BoE, which Bank deputy Ben Broadbent implied could begin in the summer. Overall this is positive news, but there's still some way to go. #inflation #bankofengland #ukeconomy

"Low prices cure low prices, and high prices cure high prices" "Low prices cure low prices, and high prices cure high prices" is a concept that suggests that market forces will naturally correct themselves by adjusting supply and demand based on price levels. Policy experts argue that high prices tend to cure high prices by incentivizing increased production, leading to a surplus that drives prices down. Additionally, high prices combined with high interest rates can accelerate the decline of commodity prices. On the other hand, in the context of natural gas markets, low prices are seen as a cure for unsustainable low-price environments in the short term, attracting future investments once prices rise again. In summary, the idea that "low prices cure low prices" and "high prices cure high prices" reflects the dynamic nature of markets where price levels influence supply and demand responses, ultimately leading to self-correction mechanisms. #lowprices #highprices #marketforces #supplyanddemand #inflation #commodityprices #naturalgasmarkets #investment #economics #policyexperts

Japan’s core CPI, which excludes fresh food, rose by 2.8 per cent YoY in February, government data showed. This is the first rise in four months in a row as the impact of government energy subsidies introduced in February last year started fading. Core-core CPI, which excludes energy and fresh food, rose by 3.2 per cent, slowing for the sixth straight month. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/dYd_Tjra

🌐 Monthly Forecasting Update 🌐 Last Friday Ofgem confirmed the Default Tariff Cap for Q1-25 at £1,738 per year for a typical customer, which represents a 1.2% increase from the current cap level. This is the same value as we predicted last week through our weekly price cap forecasting service and only £1 lower than we were forecasting a month ago. Although unwelcome, this increase represents more of a stabilisation in tariff levels compared to the previous rise of around 10% from Q3 to Q4. The Q1-25 tariff cap level is also almost £200 below the level for Q1-24, so this does continue the general decrease in tariffs we have seen year-on-year. Our weekly price cap forecast updates can be found here: https://lnkd.in/eXkTUYkh The increase in the cap level has mostly been driven by increases in Gas and Electricity wholesale markets since late October. Gas markets have risen by around 20% over that period, with a number of factors creating concerns over shorter gas supply relative to demand. These include colder weather in November increasing demand, amid uncertainty over gas supplies due to the ongoing conflicts in Ukraine and the Middle East and following the American elections. The rising gas markets have driven similar increase in electricity market prices. The impact on the Q1-25 tariff level was mitigated somewhat by the price having mostly indexed by the end of October, but there are larger impacts to later tariff cap levels that are yet to be indexed. It is difficult to predict tariff levels further ahead due to how much wholesale market prices can change, but current market prices suggest a further increase to the cap level in Q2-25 of around £50, before falling back to Q1-25 levels for the rest of 2025. If there is a higher tariff cap level in Q2, there is at least a smaller impact on customer bills due to the lower consumption we typically see in Q2 than Q1 as we move from Winter to Summer. Continued market volatility will change our predictions over the coming weeks and future cap levels could still easily go up or down. This is especially true at the moment due to uncertain geopolitics and unpredictable weather over the coming months. We will keep you updated on all the important changes, so make sure you check out our weekly price cap forecasts and insights on energy bills. #EnergyUpdate #TariffForecast #PriceCap #EnergyMarket

🔮 Inflation mirage? Good morning! Today, fresh inflation data. A new impeachment request against Justice Alexandre de Moraes. And a major fine against a major retailer. Consumer prices dropped by 0.02 percent in August, according to data published minutes ago by the Brazilian Institute of Geography and Statistics (IBGE). The monthly result is even lower than market expectations — a slight 0.01 percent increase. In 12 months, Brazil’s preferred inflation gauge is up by 4.24 percent, cooling from the trend of the previous three months. 🤔Yes, but … That should not last. Earlier this month, Brazil’s electric energy regulator announced a higher tariff for September onwards. Context. Since 2015, Brazil has used a color-coded tariff system to provide transparency in electricity costs. The scale ranges from green to red, and consumers face additional charges based on the country’s energy situation. Brazil is now on the “red flag, level 1,” the second-highest tariff band. 🔗Read more in our full newsletter by Gustavo Ribeiro and Cedê Silva here 👉 https://lnkd.in/d9RR_bsQ #Inflation #Brazil #Economy #Business

#DATA #PPI US AUG. PRODUCER PRICES RISE 0.2% M/M; EST. +0.1% - BBG *US AUG. PRODUCER PRICES RISE 1.7% Y/Y; EST. +1.7% *US AUG. PPI EX FOOD & ENERGY RISES 0.3% M/M; EST. +0.2% *US AUG. PPI EX FOOD & ENERGY RISES 2.4% Y/Y; EST. +2.4% *US AUG. PPI EX FOOD, ENERGY & TRADE RISES 0.3% M/M; EST. +0.2% *US AUG. PPI EX FOOD, ENERGY & TRADE RISES 3.3% Y/Y

August '24 Consumer Price Index (CPI) ** The all items index rose 2.5% for the 12 months ending August, the smallest 12-month increase since February 2021. This was an improvement over July's 2.9%. ** The all items less food and energy index rose 3.2% over the last 12 months, unchanged from July. ** While energy costs have come down, SHELTER costs remained stubbornly high. From BLS.

Tensions in the Red Sea have failed to derail the prospect of lower household energy bills. Our latest forecast for the April 2024 price cap, show a typical dual fuel consumer will pay £1,620 p/a, a fall of 16% from current prices. Get the full story here: https://bit.ly/3ucbvMO A relatively mild winter has left European gas stocks at higher than expected levels. This, combined with fairly healthy supply conditions, has seen wholesale prices fall. Prices are forecast to remain lower than current prices throughout 2024, falling to £1,497 p/a in July, before rising slightly to £1,541 p/a in October. Standing charge and unit rates: Apr-Jun 24 SC (£/day): Elec-0.58, Gas-0.30 UC (p/kWh): Elec- 23.56, Gas-5.73 Jul-Sept 24 SC (£/day): Elec-0.58, Gas-0.30 UC (p/kWh): Elec- 21.21, Gas- 5.24 Oct-Dec 24 SC (£/day): Elec-0.59, Gas-0.31 UC (p/kWh): Elec-22.29, Gas- 5.32 Stay up-to-date with our latest price cap predictions on our dedicated page: https://bit.ly/3Rz3FEU

Fuel prices record 13% dip year on year, as inflation drops to 3% in October: Fuel prices were, on average, 13.2% lower year on year in October 2024 compared to October 2023, data from IJG Securities shows. The firm said this decline resulted in the transport category exerting a deflationary impact of -0.47 percentage points on overall inflation for the month. “A similar disinflationary effect is expected for November, as […] The post Fuel prices record 13% dip year on year, as inflation drops to 3% in October first appeared on The Brief | Namibia's Leading Business & Financial News.