U.S. consumer prices fall amid decrease in energy prices

Source: RTT News
© Scanpix/AP
Consumer prices in the world's largest economy recorded a modest drop in March mainly due to a steep decline in energy prices, a report released by the Labor Department showed on Tuesday. According to the report consumer price index fell 0.2% in March reversing a 0.7% increased recorded the month before, while it was expected to stay flat in March.

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Tue, 16 Apr 2013 15:58:43 GMT

Pound depreciates versus Euro on higher inflation than target

The British Pound weakened by 0.5% to 85.74 per pence to Euro in the second part of London trading session on Tuesday. The pair was slipped to a 85.82 pence level, which was the lowest since 20th of March. Investors trade the Pound with negative sentiments, as a consumer price report indicated a 2.8% inflation in March, what was above

Tue, 16 Apr 2013 14:39:03 GMT

Eurozone's inflation drops slightly in March

Inflation in the 17-nation bloc slightly declined matching the preliminary estimates in March, when it dropped to 1.7% from 1.8% recorded in February, the latest data revealed by Eurostat showed on Tuesday. Month-on-month consumer prices added 1.2% in March, while core inflation excluding energy, food, alcohol and tobacco rose 1.5% from a level of 1.3% in February

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