France's CPI decreased by 0.4% in January

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Source: Forexfactory
French CPI decreased by 0.4% last month after jumping by 0.4% in the preceding month. Considering yearly changes, the indicator added 2.3% last month. The decline in the CPI resulted from fall in manufacturing products' prices. However, growing energy prices limited the decline in the CPI. At the same time, on a seasonally adjusted basis, the CPI added 0.2% on a monthly basis and grew by 2.4% on an annualized rate.


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Wed, 22 Feb 2012 11:22:24 GMT

Western Australia plans to set up sovereign wealth fund

Western Australia plans to launch a state-owned investment fund in an attempt to invest profits from mining boom. The state, which is the owner of large mineral deposits, faced sharp growth in revenues due to strong demand from emerging Asian markets. The further details regarding sovereign wealth fund are expected to be announced in May.

Wed, 22 Feb 2012 10:39:48 GMT

Kevin Rudd resigns to run for a Australia premier elections

Kevin Rudd quitted as Australia's foreign minister in order to candidate in premier elections and challenge current PM Julia Gillard. The country's first female PM is struggling to get support from Labour party as her ratings fluctuates near record low. Rudd is well known for his autocratic way of leading. 

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