Economic news is something that you should look out for. It’s something that will keep you up-to-date on what’s happening in the world. There are many different types of economic news that you can find. Some of these include economic growth, inflation, and prices. You can also get news about China and Pakistan.
Prices rose 7.1% annually in November
The US Consumer Price Index (CPI) showed a 7.1% annual increase in November, the lowest since December 2021. But the rise fell short of economists’ expectations for a 0.3% increase.
The November CPI was accompanied by a core CPI rate of 0.2%. This figure excludes the volatile components of food and energy prices. During the past year, the core CPI rose 6.0%.
The index for energy declined, due to decreases in gasoline and natural gas prices. However, this was offset by the rise in the shelter index. It was the first monthly increase for shelter in four months.
Inflation slowing more than many economists expected
Inflation cooled more than many economists expected in October. The Consumer Price Index for the month rose 0.1 percent, but the 12-month CPI increased a surprisingly modest 7.7 percent.
Overall inflation has been milder than in the past, but goods prices continue to climb. Energy costs are a major contributor.
There are still risks to inflation, but there are promising developments that should help restore some price stability. A decline in personal transfer receipts is one reason the baseline forecast expects inflation to moderate by 2023.
Some optimistic observers hope that prices will slow sooner than this. But it’s not yet clear how long the supply chain issues will persist.
China’s economy is struggling
China’s economy is struggling to climb out of the global slowdown. The economy was growing at a pace of 2.5% in the first half of the year, but analysts are split over whether the country can achieve a full-year target of 5.5%.
One of the biggest factors weighing on the Chinese economy is the real estate market cooling across the country. The market is seeing a decline in sales of both commercial and residential properties. This is reducing demand for construction materials and home furnishings.
The property sector is a major part of the country’s economy. It makes up at least a fifth of output.
Pakistan is passing through a critical stage
As economic news from Pakistan continues to pour in, the country is moving through a critical stage. This is due to a slew of political-economic issues that have converged into a crisis that is difficult to navigate.
The country’s currency has lost 30 percent of its value over the past five years, increasing the country’s debt. Despite a nascent recovery, the country faces a number of key debt vulnerabilities.
The government is now facing a crisis over fuel subsidies. Fuel accounts for a quarter of the nation’s import bill. It has also been affected by Russia’s invasion of Ukraine, which has spiked prices. In response, the International Monetary Fund has called for the elimination of fuel subsidies. However, the new government has stalled on the issue, despite having little time in office.
CNBC Breaking Business News
The CNBC Breaking Business News app provides users with a wide array of financial information and news. It comes with interactive charts and real-time stock quotes. You can also check out live streaming of CNBC news shows. However, there is a downside to this app – it requires an Android phone.
Alternatively, you can also download the APK and install it on your PC. Thankfully, there are free Android emulators out there to make this task a snap. But before you get started, here are some things you need to know.
TheStreet is a financial news platform that caters to a wide variety of investors. This includes long-term and short-term investors, as well as traders. However, if you are looking for the latest economic news, it may be difficult to find it on the website.
For example, the how-to section of the website contains articles on a wide range of subjects, such as applying for student loans and taxes. On the other hand, the retirement section contains less financial news, but is still useful.
One of the best things about TheStreet is that it offers a lot of free newsletters. These newsletters come out daily and can be a useful resource for traders. They provide a summary of market activity and include curated articles from TheStreet.