video Video
Lookahead: 2 percent inflation - a call to action?
Sunday, February 26, 2017 - 01:40
Euro zone inflation and the PCE inflation number for the U.S. that the US Federal Reserves looks at closely are due for release in the coming week. If either hit two per cent, it could trigger central bank action. Ciara Lee reports.
▲ Hide Transcript
▶ View Transcript
Trump's address to Congress on Tuesday may make the most headlines this week. But inflation readings of 2 percent could prove more significant. A call to action perhaps in America and an important milestone in Europe. The U.S. consumer price index has already shown prices rising at their fastest monthly pace in nearly four years in January. (SOUNDBITE) (English) INDEPENDENT MARKET ANALYST, JEREMY BATSTONE-CARR, SAYING: "There is some inflationary pressure beginning to build in the United States. Now that is not the case in the UK and Europe where we have an increase in the CPI which seems to me is rather more a one-off price adjustment associated with base effects in the commodities market. But in the U.S. there does appear to be some genuine inflationary pressure building." If inflation fails to spur central banks, it's effect on consumers, the main drivers of growth in Europe and the United States, could prove revealing. U.S. consumer sentiment due on Tuesday will give a first assessment of Trump's turbulent first month in office. And in his speech to Congress, he's expected to include some details of his infrastructure spending and tax plans. In Europe, consumers have so far shrugged off political risk factors, including the election in the Netherlands, which votes on March 15th - and Brexit Britain. But, British inflation could start to be felt with the rate set to approach 3 percent by the end of the year due to the fall in sterling. UK consumer sentiment data for February is due out on Tuesday. Retail sales have on a whole been strong since the Brexit vote. But UK retailers are now raising prices at their fastest pace in almost six years.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code
Lookahead: 2 percent inflation - a call to action?
Sunday, February 26, 2017 - 01:40
Top News »
1:40am BST - (1:24)
12:30am BST - (1:34)
Fri, 20 Apr, 2018 - (0:31)
Fri, 20 Apr, 2018 - (1:29)
Fri, 20 Apr, 2018 - (1:12)
Fri, 20 Apr, 2018 - (0:57)
Fri, 20 Apr, 2018 - (0:43)
Fri, 20 Apr, 2018 - (1:43)
Fri, 20 Apr, 2018 - (2:04)
Fri, 20 Apr, 2018 - (2:03)
Fri, 20 Apr, 2018 - (1:47)
Fri, 20 Apr, 2018 - (2:16)
Editors' Picks »
Fri, 20 Apr, 2018 - (1:24)
Thu, 19 Apr, 2018 - (0:57)
Thu, 19 Apr, 2018 - (1:45)
Tue, 17 Apr, 2018 - (2:44)
Tue, 17 Apr, 2018 - (2:15)
Mon, 16 Apr, 2018 - (1:59)
Sat, 14 Apr, 2018 - (1:09)
Sat, 14 Apr, 2018 - (2:15)
Sat, 14 Apr, 2018 - (1:40)
Most Popular »
Thu, 30 Mar, 2017 - (1:22)
Business »
Fri, 20 Apr, 2018 - (1:09)
Fri, 20 Apr, 2018 - (5:20)
Fri, 20 Apr, 2018 - (1:22)
Fri, 20 Apr, 2018 - (1:37)
Fri, 20 Apr, 2018 - (1:03)
Fri, 20 Apr, 2018 - (1:59)
Fri, 20 Apr, 2018 - (1:48)
Fri, 20 Apr, 2018 - (4:56)
Fri, 20 Apr, 2018 - (1:42)
Fri, 20 Apr, 2018 - (1:47)
Fri, 20 Apr, 2018 - (1:47)
Fri, 20 Apr, 2018 - (1:44)
Featured Videos
Luxury liner Queen Elizabeth II reopens as floating hotel
One of the world's most famous ships is now a floating hotel permanently moored at Dubai's Mina Rashid port
World Toad in the Hole Championships
The aim of the traditional pub game originating from France is to land as many large brass coins or 'toads' in a table's small hole
Tarantula burgers on the menu
For adventurous diners, tarantula topped burgers are available at a Durham, North Carolina restaurant as part of its ‘exotic meat’ month
Runners brave the cold for North Pole Marathon
Runners brave freezing conditions at top of the world in North Pole Marathon
UK firm turns discarded gum into shoes, coffee cups and combs
Chewing gum is a blight on city streets and takes a heavy toll on the environment, say its critics. But one woman in Britain is performing modern-day alchemy on it
Technology »
Fri, 20 Apr, 2018 - (1:50)
Thu, 19 Apr, 2018 - (1:54)
Thu, 19 Apr, 2018 - (0:46)
Wed, 18 Apr, 2018 - (1:03)
Wed, 18 Apr, 2018 - (1:01)
Wed, 18 Apr, 2018 - (1:35)
Tue, 17 Apr, 2018 - (1:25)
Tue, 17 Apr, 2018 - (1:07)
Mon, 16 Apr, 2018 - (1:54)
Entertainment »
3:10am BST - (0:59)
Fri, 20 Apr, 2018 - (0:46)
Fri, 20 Apr, 2018 - (1:31)
Fri, 20 Apr, 2018 - (2:10)
Fri, 20 Apr, 2018 - (0:49)
Thu, 19 Apr, 2018 - (1:19)
Thu, 19 Apr, 2018 - (1:27)
Thu, 19 Apr, 2018 - (1:28)
Thu, 19 Apr, 2018 - (1:36)
Wed, 18 Apr, 2018 - (1:04)
Wed, 18 Apr, 2018 - (1:54)
Sports And Leisure »
Fri, 20 Apr, 2018 - (1:08)
Thu, 19 Apr, 2018 - (2:22)
Thu, 19 Apr, 2018 - (0:48)
Thu, 19 Apr, 2018 - (1:19)
Wed, 18 Apr, 2018 - (3:00)
Wed, 18 Apr, 2018 - (1:30)
Tue, 17 Apr, 2018 - (1:23)
Mon, 16 Apr, 2018 - (2:02)
Mon, 16 Apr, 2018 - (2:55)
Fri, 13 Apr, 2018 - (0:52)
Oddly Enough »
Fri, 20 Apr, 2018 - (1:00)
Fri, 20 Apr, 2018 - (1:27)
Thu, 19 Apr, 2018 - (0:53)
Thu, 19 Apr, 2018 - (0:53)
Tue, 17 Apr, 2018 - (1:33)
Tue, 17 Apr, 2018 - (1:27)
Thu, 12 Apr, 2018 - (0:49)
Wed, 11 Apr, 2018 - (3:54)
Tue, 10 Apr, 2018 - (0:56)
Dateline Asia »
Tue, 05 Dec, 2017 - (2:06)
Tue, 05 Dec, 2017 - (2:11)
Fri, 01 Dec, 2017 - (2:04)
Thu, 30 Nov, 2017 - (2:10)
Thu, 30 Nov, 2017 - (2:14)
Wed, 29 Nov, 2017 - (2:11)
Tue, 28 Nov, 2017 - (1:55)
Tue, 28 Nov, 2017 - (2:21)
Mon, 27 Nov, 2017 - (2:25)
Fri, 24 Nov, 2017 - (2:16)
Fri, 24 Nov, 2017 - (2:14)
Thu, 23 Nov, 2017 - (2:18)