Little sign of upturn despite Zimbabwe inflation slowdown
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A drop in the monthly inflation rate may have been greeted with sighs of relief by the Zimbabwean government, but analysts and consumers have seen little evidence that the economy has turned a corner.
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German inflation looks set to slow slightly this month, regional consumer price data showed on Friday.
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Interest rates are trimmed to 7.5% by the South African central bank,  but the lack of warning hits the rand and surprises markets.
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Inflation in Zimbabwe leaps to a record annual rate of 1,593.6% in January as the economy faces chronic shortages of food and fuel.
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Zimbabwe has said its inflation spiral had risen to 1,098.8 percent last month, a 28.6 percentage point hike, as experts cast doubts on state efforts to slash it to the three-digit level.
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Robert Mugabe, the Zimbabwean president, says his nation&#39;s ailing economy is on track for recovery. He has, however, hinted that those who fail to utilise their claims in the mining sector might lose out to &quot;more serious&quot; investors.
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British 12-month inflation slowed further to 2.5 percent in May, marking the second monthly drop in a row after 2.8 percent in April, official data showed on Tuesday.
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Zimbabwe's annual inflation rate has reached a new record high of more than 1,200 percent in August despite the conversion to a new currency designed to halt the upwards spiral.
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U.S. stock futures were little changed on Wednesday before inflation data that could provide clues about the likely direction of U.S. interest rates.
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WASHINGTON -- Inflation slowed last month as Americans finally got a break at the gas pump, lifting consumers' spirits and easing fears the country could stumble into recession.
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HOPES that interest rates may have peaked were given a boost today after official figures revealed a slump in inflation. The Consumer Prices Index fell to 1.1% in September, down from 1.3% in August, according to the Office of National Statistics.
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Zimbabwe's inflation rate continues its upward surge, reaching a record high of 1,204.6% in August.
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WASHINGTON: New data yesterday showed US inflation in check, with consumer prices up a modest 0.1 per cent in August, giving the Federal Reserve room go slow on boosting interest rates.
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Inflation remained tepid last month, easing some concerns that have jolted stock and bond markets in recent sessions.
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The Federal Reserve's favored gauge of   U.S. inflation rose less than expected in July, while a measure   of Midwest business activity showed slower growth in August,   according to reports on Thursday that suggested the U.S.   central bank does not need to raise interest rates soon.
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Banks in Zimbabwe will remain open on Christmas Day and Boxing Day to allow people to get new banknotes.
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U.S. consumer prices barely budged  in August and activity at mid-Atlantic factories slumped this  month, according to reports on Thursday seen as boosting  chances of a pause later this year in the Federal Reserve's  drive to raise interest rates.