U.S. consumer price index gains 0.3%

Source: Bloomberg Business Week
U.S. cost of living rose after a 0.4% increase in May, since gasoline became more expensive. The food index is up 0.1% from May, the energy index added 1.6%, which is a third gain up in a row, the index for all items minus food and energy was up by 0.1%. However, inflation did not gain much pace, as pointed out by Janet Yellen's during her testimony.
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Tue, 22 Jul 2014 19:17:09 GMT

Euroz Zone's debt grows in Q1

Euro zone public debt jumped to 93.9% of the economic output in the first quarter of this year drawing near the peak it is planned to reach towards the end of 2014. The debt amounted to 9.055 trillion euros in the first three months of this year opposed to 8.905 trillion euros in the fourth quarter of 2013. The European Commission anticipates the debt to top

Tue, 22 Jul 2014 14:15:13 GMT

U.K. budget deficit stable, growth boosts tax receipts

U.K. budget suffered minor changes in June as the economic upturn increased tax receipts while the government spending rose. Net borrowing amounted to 11.4 billion pounds in contrast to 11.5 billion pounds in 2013. The government revenue climbed 4.7%, whereas spending rose 3.9%. The economic indicators tell the economy is improving, which in turn provides backup for U.K. Prime Minister David Cameron before the elections

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