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New Argentine index acknowledges sky-high inflation

After years of masking inflation, Argentina's government launched a new index Thursday that showed a sky-high 3.7 percent rise in prices in January alone. The new index could bring the country closer to resolving a festering dispute that has strained relations between the government, facing difficult financial challenges, and the International Monetary Fund, the global crisis lender.

German inflation eases in January

The rate of inflation in Germany, Europe's biggest economy, inched lower in January, official preliminary data showed on Thursday. The cost of living rose by 1.3 percent on a 12-month basis this month, compared with 1.4 percent in December, the federal statistics office Destatis said in a statement. Using the Harmonised Index of Consumer Prices (HICP), the European Central Bank's inflation yardstick, inflation in Germany stood at 1.2 percent in January, the same rate as in December.

German inflation eases in January

The rate of inflation in Germany, Europe's biggest economy, inched lower in January, official preliminary data showed on Thursday. The cost of living rose by 1.3 percent on a 12-month basis this month, compared with 1.4 percent in December, the federal statistics office Destatis said in a statement. Using the Harmonised Index of Consumer Prices (HICP), the European Central Bank's inflation yardstick, inflation in Germany stood at 1.2 percent in January, the same rate as in December.

How postmen, and their wives, may help set India's monetary policy

By Manoj Kumar NEW DELHI (Reuters) - Global investors may well be putting their faith in postmen like Phanin Deka when they decide to buy or sell Indian assets in the future. He is one of about a thousand post workers collecting data that determines the level of India's consumer price index, which is likely to become the central bank's most important tool for setting monetary policy.

Australian inflation higher than expected

Australian inflation hit a stronger-than-expected 0.8 percent in October-December from the previous quarter, official figures showed on Wednesday, dampening hopes of an interest rate cut. Economists had anticipated a quarterly rise in the consumer price index (CPI), a key measure of inflation, of about 0.5 percent after it hit 1.2 percent in the previous three months. The Australian Bureau of Statistics said the CPI rose 2.7 percent year on year, from 2.2 percent in July-September.

Australian inflation higher than expected

Australian inflation hit a stronger-than-expected 0.8 percent in October-December fro the previous quarter, official figures showed on Wednesday, dampening hopes of an interest rate cut. Economists had anticipated a quarterly rise in the consumer price index (CPI), a key measure of inflation, of about 0.5 percent after it hit 1.2 percent in the previous three months. The Australian Bureau of Statistics said the CPI rose 2.7 percent year on year, from 2.2 percent in July-September.

India central bank bank panel recommends policy committee, CPI inflation target

MUMBAI (Reuters) - A Reserve Bank of India panel on Tuesday recommended that monetary policy be set by a committee and that consumer price index (CPI) inflation be used to set an inflation target, eventually of 4 percent. The panel's report also said it should be made clear that managing inflation is the central bank's primary objective. The recommendations of the panel, which was established by RBI Gov. Raghuram Rajan when he took office in early September, are widely expected to be adopted by the Indian central bank.

U.S. data points to firming labor market, inflation tame

By Lucia Mutikani WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell for the second consecutive week last week, suggesting a sharp step-down in job growth in December was likely to be temporary. The better labor market tone was also captured by a survey on Thursday showing an acceleration in manufacturing activity in the Mid-Atlantic region, accompanied by a rise in factory jobs.

Consumer prices post largest gain in six months

WASHINGTON (Reuters) - U.S. consumer prices recorded their largest increase in six months in December as gasoline prices rebounded, but there was little to suggest a broader pick-up in prices with underlying inflation muted. The Labor Department said on Thursday its Consumer Price Index increased 0.3 percent after being flat in November. In the 12 months to December, consumer prices accelerated 1.5 percent after advancing 1.2 percent in November. The increases were in line with economists' expectations.

Higher gas costs drive up US consumer prices 0.3 per cent in December, most in 6 months

WASHINGTON - U.S. consumer prices rose last month by the most since June, driven up by higher gas prices, but excluding energy, inflation was tame. The Labor Department said Thursday that the consumer price index rose a seasonally adjusted 0.3 per cent in December, after a flat reading the previous month. Prices increased 1.5 per cent in 2013, down from 1.7 per cent in 2012. That's below the Federal Reserve's target of 2 per cent. Fed officials have said in recent months that they are watching the inflation data closely to ensure it does not fall too far.
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