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ECB's Weidmann: no sign deflation spiral will grip euro zone

WASHINGTON (Reuters) - European Central Bank policymaker Jens Weidmann said on Friday he saw no risk of a growth-destroying deflationary spiral taking hold in the euro zone, adding that the bloc's economy would pick up and therefore cause the inflation rate to gradually rise. Euro zone inflation is running at 0.5 percent - well below the central bank's target of close to but just below 2 percent. The ECB's latest staff forecast said inflation in the bloc would rise to 1.7 percent in the last quarter of 2016.

Consumer sentiment hits nine-month high in April

NEW YORK (Reuters) - U.S. consumer sentiment rose in April to its highest in nine months as both current conditions and expectations brightened, a survey released on Friday showed. The Thomson Reuters/University of Michigan's preliminary April reading on the overall index of consumer sentiment came in at 82.6, the highest since July, compared with the final reading of 80.0 in March. It was also above the median forecast of 81.0 among economists polled by Reuters.

Producer prices up; consumer morale at nine-month high

By Lucia Mutikani WASHINGTON (Reuters) - U.S. producer prices recorded their largest increase in nine months in March as the cost of food and trade services surged, pointing to some pockets of inflation at the factory gate. Other data on Friday showed consumer sentiment hit a nine-month high in April, strengthening views economic activity was regaining momentum after a weather-induced lull early this year.

US producer prices increase in March on gains for food, clothing, jewelry and chemicals prices

WASHINGTON - The prices companies receive for their goods and services jumped in March led by gains for food, clothing, jewelry and chemicals. The producer price index, which measures price changes before they reach the consumer, rose 0.5 per cent in March, the Labor Department said Friday. Overall inflation remains relatively tame. Producer prices increased 1.4 per cent during the past 12 months.

China central bank: credit growth steady but watching debt risks

BOAO, China (Reuters) - China's credit growth remains steady but the central bank is mindful of possible risks from high debt levels in the corporate sector, governor Zhou Xiaochuan said on Friday. The People's Bank of China considers inflation, employment and economic growth when setting monetary policy, though inflation remains a more important factor, Zhou said. (Reporting by Aileen Wang in Boao and Kevin Yao in Beijing)

China consumer prices rise, but industry deflation persists

By Adam Rose BEIJING (Reuters) - China's consumer inflation rate increased in March as fresh food prices jumped, but persistent deflation in the industrial sector was another signal of weak demand and slowing growth in the world's second-largest economy. The consumer price index (CPI) rose 2.4 percent in March from a year earlier, the National Bureau of Statistics said on Friday, more from a 2.0 percent rise in February but just below the median forecast in a Reuters poll.

China's inflation edges up to 2.4 per cent amid signs of slowing economic growth

BEIJING, China - China's consumer inflation edged up in March as food prices rose despite signs the world's second-largest economy is slowing. Consumer prices rose 2.4 per cent compared with a year earlier, up from February's 2 per cent rise, government data showed Friday. The increase was driven by a 4.1 per cent rise in politically sensitive food costs. Producer prices, measured as goods leave the factory, fell by 2.3 per cent in a sign of weakening economic growth, the National Bureau of Statistics reported. It was their 25th straight month of decline.

China inflation accelerates to 2.4% year-on-year in March

China's inflation rate accelerated to 2.4 percent year-on-year in March, the government said Friday, driven by higher food prices. The increase in the consumer price index (CPI) announced by the National Bureau of Statistics (NBS) was up from the 2.0 percent recorded in February, but marginally below economist forecasts of 2.5 percent reported by Dow Jones Newswires. Food prices rose 4.1 percent in March from the year before, the NBS said.

ECB ready to act but central banks can't do everything: Constancio

WASHINGTON (Reuters) - The European Central Bank is ready to use unconventional tools to cope with any overly prolonged period of low inflation, the ECB's vice president said, although he added that "people seem to expect too much from central banks". While reiterating the ECB's readiness to take further action if needed, Vitor Constancio also pressed euro zone governments on Thursday to take measures to promote investment and spur demand as the bloc faces a slow recovery.

DoubleLine's Gundlach: Global economy could see 'deflationary scare' again

(Reuters) - Jeffrey Gundlach, chief executive and chief investment officer of DoubleLine Capital, said on Thursday the global economy could potentially see a "deflationary scare" again and added that he likes gold as a diversifier. Speaking at an annual DoubleLine event in New York, Gundlach said: "In Europe, the inflation rate is falling. In the United States … the inflation rate is lower than it was in 2011."
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