From the category archives:
The Chinese National Bureau of Statistics reported that CPI dropped to 2.4% in November, down from 5.9% in October. The big drop is due ot falling oil and commodityprices.
It was just a very few months ago that inflation was the biggest worry. I guess theonly countries that don’t like falling oil prices ar OPEC member [...]
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The CEO of India’s largest cell phone company is very optimistic about its prospects.
“India’s inflation fortunately is dropping, which clearly means that more and moredisposable income is coming to telecom, media and Internet services from other staples. The government of India is alsopromoting broadband in a big way and you’ll see the broadband revolution following [...]
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The Chinese State Council has shifted its economic policy to maintaining “a stable and rapid economic development” from theprevious goal of “ensure growth and control inflation.”
It will do that by a combination of:
==> Increase export tax rebates==> Banks will be encouraged to lend more money==> Wide variety of support programs for farmers==> Additional spending on public [...]
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The Chinese rate of inflation dropped to 4.9% in August, the fourth consecutive month ofslowing inflation.
China’s inflation ratehas steadily slowed since February’s peak inflation reading of 8.7%.
Frankly, I am skeptical about any numbers from the Chinese government, but I do believe the trend is accurate.
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The Chinese rate of inflation dropped to 4.9% in August, the fourth consecutive month ofslowing inflation.
China’s inflation ratehas steadily slowed since February’s peak inflation reading of 8.7%.
Frankly, I am skeptical about any numbers from the Chinese government, but I do believe the trend is accurate.
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The annualized inflation rate in the Philippines hit 12.5% inAugust, the highest rate in 17 years.
The main drivers were soaring food and energy costs, of course, but it hasn’t stopped the Philippine economy by growingby 4.6% in the first six months of 2006.
One industry the Philippines has been stealing from the U.S. and even India [...]
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Ben Bernanke and his buddies aren’t too worried about inflation but most of the world’scentral bankers disagree.
The Bank of (South) Korea raised its key interest rates by1/4 point today.
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Proctor & Gamble does a lot of business in Asia, but that doesn’t make it immune from inflation.
Because of rising commodity prices, P&G is raising the price of its products inChina is going up. The price of Pampers diapers, forexample, is going up by 10%.
China isn’t the only country facing rising P&Gprices either. Proctor & [...]
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The Hong Kong government understands how serious inflation isand how cruel of a penalty it levies on the poor.
The Hong Kong government released a 10-point,HK$11 billion plan to help its people deal with inflation including:
1. Repeal of xemption of the ‘maid levy’ for two years2. Reduced electricity bills for six months3. Two months of free [...]
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Ben Bernanke told Congress that risks to the overall economy were still “skewed to the downside” and that inflation “seems likely to move temporarily higher in the near term.”
Recession + inflation is bad, bad news for the U.S. economy and our stock market.
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