US consumer confidence, as measured by the Conference Board Index, reached its lowest level since hurricane Katrina lashed the US late last year. The pause in interest rate increases could not eclipse concerns regarding employment growth and less fav
US producer price inflation (PPI) levels recorded during February were 1.4% lower than those of the previous month. This fall was mainly as result of lower energy and food prices.
In February, lower energy prices assisted US consumer inflation data to decelerate remarkably. The 0.1% m-o-m increase was in line with market expectations but 0.6% lower than the January reading.
UK consumer price inflation, as measured by CPI, slowed to 2.5% y-o-y in May from 2.8% y-o-y in April.
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