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U.S. Consumer Prices Unchanged In January

Consumer prices in the U.S. were unchanged for the third straight month in January, according to a report released by the Labor Department on Wednesday. The Labor Department said its consumer price index was unchanged in January, matching the revised reading for December. Economists had expected consumer prices to inch up by 0.1 percent. Excluding…

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Dollar Mixed Ahead Of U.S. CPI

The U.S. Labor Department will release consumer price index for January at 8:30 am ET Wednesday. Economists expect the inflation to tick up 0.1 percent on month, reversing a 0.1 percent drop in the previous month. Ahead of the data, the greenback traded mixed against its major counterparts. While the greenback held steady against the…

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Brazil Retail Sales Growth Slows In December

Brazil’s retail sales slowed in December, after rising in November, figures from IBGE showed on Wednesday. The retail sales recorded 0.6 percent year-on-year in December after a 4.5 percent rise in November. In October, sales rose 1.9 percent. Sales of books, newspapers, magazines and stationery declined the most, down 24.6 percent. That was followed by…

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Lithuania Producer Price Inflation Slows For Second Month

Lithuania producer price inflation slowed for a second month in January, data from the Lithuanian Statistical Department showed on Wednesday. The producer prices rose 0.2 percent year-on-year in January after a 1 percent increase in December. In November, prices rose 3.9 percent. Excluding refined petroleum products, producer prices rose 2.5 percent year-on-year following a 2.8…

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South Africa Retail Sales Fall For First Time Since Early 2017

South Africa’s retail sales fell for the first time in nearly two years in December, figures from Statistics South Africa reported on Wednesday. Retail sales dropped 1.4 percent year-on-year in December after a 2.9 percent rise in November. That was the weakest outcome since January 2017, when sales fell 1.7 percent. Economists had expected a…

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Romania Inflation Stable In January

Romania’s consumer price inflation remained steady in January, after easing in the previous four months, figures from the National Institute of Statistics showed on Wednesday. The consumer price index rose 3.3 percent year-on-year in January, the same pace as in December. In November, inflation was 3.4 percent. Economists had expected a 3.3 percent rise in…

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Czech Inflation At 5-month High

Czech consumer price inflation rose in January, after remaining same in December, to its highest level in five months, data from the Czech Statistical Office showed on Wednesday. The consumer price index rose 2.5 percent year-on-year in January after a 2.0 percent increase in both November and December. Economists had expected 2.1 percent inflation. The…

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Gold Prices Hold Firm On Weak Dollar

Gold prices held steady on Wednesday and the dollar weakened as investors looked for progress in U.S.-China trade talks. Both spot gold and U.S. gold futures were marginally higher at $1,311.01 per ounce and $1,314.15 per ounce, respectively. U.S. and Chinese negotiators will resume their final trade talks on Thursday in the face of a…