British Prime Minister to convene the country's top economists to discuss countermeasures deployed ahead of the U.S. business responses to
Germany, although the size of the debt crisis is still expanding, but the German rescue funds to expand the scale of the internal the problem is still deeply divided.
reconstruction funds in Australia is estimated to be as high as 200 million Australian dollars.
India, people protest against rising prices.
continuous decline in Japan's consumer confidence index.
American businesses have made arrangements for the inflation crisis.
full swing to control inflation in Asia, Europe has been plunged into a double crisis. January 17, the euro area member states meeting in Brussels on whether to expand the scale of debt relief funds to discuss the crisis, while the more serious problem is that many members of the inflation rate has exceeded the warning level of 2%. Today, the staple food of the French bread is becoming increasingly expensive, in February will usher in a new round of food price surge; British Prime Minister David Cameron has called intervention in the country's top economists to discuss the issue of food inflation; the United States can be considered is not worried about inflation, most countries, but by the price of oil and other commodity prices and inflation in Asian and European economies, the environmental impact of the collective, businessmen have begun to deploy counter measures in advance.
France
price of wheat has quadrupled
French bread is a staple of daily essential, long sticks of bread is the most characteristic food, average daily consumption of up to 23 million. Bloomberg News reported on January 17, over the past 12 months, France has tripled wheat prices, as of January 14, the price per ton of wheat rose from last year's 128.5 euros to 251 euros, which means that the bread will be caught in France sign of food inflation.
President Nicolas Sarkozy as the supplier of the special bread, will be forced to price increases. Familles Rurales, according to survey research, since 2007, street price of bread sticks baked stores were up 6.3%, while other large retailers in the supermarket, bread prices have risen by 19%.
United Kingdom
high inflation desperate Prime Minister Cameron
According to the British to the economic recovery, which makes the Prime Minister Cameron is anxious, the Bank of England in raising interest rates on the Internationally renowned accounting firm Ernst & Young's chief economic adviser Peter Spencer said, Cameron is to put pressure on the Bank of England intends to intervene in the problem of rising prices. Summoned top economist Cameron said: Highly destructive inflation, swallowed resident deposits, do not want the tragedy of inflation over the past repeat itself today. However, aspects of the Bank of England said the deficit reduction plan is still underway, the British economy has not yet obvious signs of recovery, the short-term inflationary pressures and the beginning of the introduction of VAT on the New Year.
United States
business playing the , rapidly rising energy prices has pushed some prices, and inflation in emerging Asian economies the problem is also transferred to the United States. U.S. Labor Department data released on Friday, last December, the U.S. consumer price index (CPI) rose 0.5% qoq increase since June 2009 reached a new high, U.S. businesses have also made arrangements for the inflation crisis.
According to These food vendors not only launched a price war, but also to draw customers through the store to open. Target last year only in the grocery area increased by 500 million U.S. dollars to invest, food supply grew by 6%; from a year ago, Walgreens in Chicago and New York to open several new stores, it has added more than 500 types of food supply.
Deutsche Bank retail analyst Bill Dreher said that the deployment from the major retailers see food in a spectacular battle Jijiangkaida. Earlier, the Americans once a month to buy food, and now average 2.5 times a week, if some of the convenience store on the way home in the consumer additional food shelf, and that the loss of a large supermarket will be larger.
India
people took to the streets to protest skyrocketing prices
in Asia for a long time been suffering from the pain of deflation in Japan, with its nine consecutive months of rising consumer prices, core inflation rate rose to 1.9%, the highest in a decade. In India, the annual inflation rate has been as high as 12%, all worried about the future may have to further belt-tightening. At the same time, in several emerging countries, inflation has surged to record levels, such as Egypt, 23%, 27% in Thailand and so on. As prices continue skyrocketing, people complain incessantly in these countries, India has a number of cities, people took to the streets in protest.
Australia
commodity prices have soared
Recently, outbreaks in eastern Australia, the worst flooding in half a century. Australian Prime Minister Gillard said the floods caused economic losses estimated at over 13 billion Australian dollars, while the reconstruction funds is estimated to be as high as 200 million Australian dollars.
recently changed ANZ expected the country's economy, saying the first quarter of the flood will make Australia less than 1% of GDP, is the first decline in two years.
ANZ Bank in Australia before the expected first-quarter GDP will be reduced by 0.4%, with the market, most economists initial prediction. Economists initially expected, the flood will allow Australia to reduce GDP from 0.3 to 0.6 percent.
Australia is more than a major exporter of commodities, including iron ore, coal is the world's primary suppliers of trade. The flood of more serious impact on exports, making the relevant prices have soared. ANZ head of Katie Dean macroeconomic view, flood Reserve Bank of Australia will raise interest rates to postpone the time, is expected later this year.
response
the European Central Bank:
is ready to raise interest rates for
1 17, according to the German media reports, although the debt scale of the crisis is still expanding, but the German relief fund within the scale of expansion is still deeply divided. German Finance Minister Sch?uble called for the euro zone leaders, to stop expanding the size of the European Union Assistance Fund discussion, I hope the country can support themselves to solve their own troubled budget.
At the same time, Eurostat, January 14 released revised data show that rising energy prices affected by last December, the euro zone inflation more than two years to set the first time the European Central Bank 2% of the
this regard, the European Central Bank President Jean-Claude Trichet said the euro area the short term may increase overall inflation pressures, inflation, the central bank will remain vigilant. Analysts said Trichet's comments would suggest, if necessary, is ready to raise interest rates to combat inflation.
the Bank of Japan:
continue to be patient against inflation
the Japanese cabinet on January 17 survey data released last December, the Japanese consumer confidence index fell 0.3 percentage points to 40.1%, for 6 months decreased.
data show that last December's consumer confidence index constitute the 4 indicators, the determine the timing of durable goods, Cabinet Office in December of last year's overall consumer confidence to judge the tone as
economists say Japan's economic stimulus plan on how the arrangements will have great impact on consumer confidence, the Japanese government to boost the domestic economy is also a lot of thought. January 17, the Bank of Japan Masaaki Shirakawa reiterated that the line, the central bank will continue to
No comments:
Post a Comment