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UK CPI rose less than expected

The Consumer Prices Index (CPI) rose by 0.3% in the year to April 2016, down from 0.5% in the year to March. Analysts were predicting 0.5% increase. From late 2015, the rate began to increase gradually from close to zero. The drop in April 2016 is the first fall since September 2015. Falls in air fares and prices for clothing, vehicles and social housing rent were the main contributors to the decrease in the rate. These downward pressures were partially offset by rising prices for motor fuels and for certain recreational goods and cultural services, and by food prices, which were unchanged between March and April 2016, having fallen between the same two months a year ago.  Read more...

China's CPI rose by 2.3%

China's consumer inflation remained modest in April, while producer prices' four-year slump moderated as commodity prices rebounded, easing concerns about deflationary risks to the world's second-largest economy. Strong March data had raised hopes the economy was bottoming out from a prolonged slump -- possibly allowing the People's Bank of China (PBOC) to take its foot off the gas -- but mixed April data so far and surging debt levels have fueled doubts about whether any recovery will prove sustainable.
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Eurozone CPI expected to be -0.2% in April

Euro area annual inflation is expected to be -0.2% in April 2016, down from 0.0% in March. Looking at the main components of euro area inflation, services is expected to have the highest annual rate in April (1.0%, compared with 1.4% in March), followed by food, alcohol & tobacco (0.8%, stable compared with March), non-energy industrial goods, (0.5%, stable compared with March) and energy (-8.6%, compared with -8.7% in March).
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Australian CPI fell 0.2% in Q1

Australian CPI fell 0.2% this quarter, compared with a rise of 0.4% last quarter. Analysts were anticipating 0.3% increase. CPI rose 1.3% over the twelve months to the March quarter 2016, compared with a rise of 1.7% over the twelve months to the December quarter 2015. Read more...

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