Inflation on services like insurance is sticky and a global problem — so I took matters into my own hands
6 months, 3 weeks ago

Inflation on services like insurance is sticky and a global problem — so I took matters into my own hands

ABC  

Bill shock — it's a well-known phenomenon in this cost-of-living crisis. My question was simple: why had the cost of my car insurance spiked 19.5 per cent when nothing at my end had changed? "For example, in Canada, core and headline inflation are below 3 per cent but services is still above 4 per cent," Hogan said. The Bank of England, for example, this week decided against cutting interest rates despite headline inflation falling to the globally accepted target band of between 2 and 3 per cent. Could that materially lower inflation to within the Reserve Bank's target band of between 2 and 3 per cent?

Inflation Services Interest Rates Price Premium Cent Bill Rba Photo Hogan Car Insurance Factors Headline Inflation  inflation  took  premium  factors  sticky  hands  car  insurance  price  told  services  bill  global  matters  problem  cent

History of this topic

Falling core inflation raises odds of RBA trimming interest rates in February
1 week ago

Falling core inflation raises odds of RBA trimming interest rates in February

ABC  

A fall in the Reserve Bank's preferred measure of consumer price rises has increased the odds of an interest rate cut in February, despite an increase in headline inflation. AMP's deputy chief economist Diana Mousina believes the RBA will probably cut interest rates if the annual core inflation rate in the December quarter numbers, due towards the end of this …

UK interest rates set to be held at 4.75% after inflation rises again
3 weeks, 6 days ago

UK interest rates set to be held at 4.75% after inflation rises again

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy UK interest rates are expected …

UK inflation increase solidifies expectations interest rates will be kept on hold
3 weeks, 6 days ago

UK inflation increase solidifies expectations interest rates will be kept on hold

Associated Press  

LONDON — Inflation in the U.K. rose to its highest level in eight months during November, official figures showed Wednesday, a development that has cemented market expectations that the Bank of England will opt against cutting borrowing costs this week. It said stubbornly high inflation in the crucial services sector, which accounts for around 80% of the U.K. economy, and …

Inflation expected to cool to two-and-a-half-year low
8 months, 4 weeks ago

Inflation expected to cool to two-and-a-half-year low

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. However, they stressed that services inflation – which has …

Inflation now driven by demands for higher wages, warn businesses
1 year, 5 months ago

Inflation now driven by demands for higher wages, warn businesses

The Telegraph  

Inflation is now being driven by higher wages as companies pass on rising salary costs to their customers, bosses have warned. The economy is slowing sharply, with the manufacturing sector shrinking and the dominant services industries running out of steam, according to the purchasing managers’ index, an influential survey from S&P Global. Price rises are slowing from last year’s highs …

Forget core CPI, market pros are searching for supercore inflation
2 years ago

Forget core CPI, market pros are searching for supercore inflation

Live Mint  

Prices of services are rising quickly. In recent months, Federal Reserve Chairman Jerome Powell himself has emphasized the importance of core services excluding housing, though he has focused on that category as it is measured by the Fed’s preferred inflation gauge, the personal-consumption expenditures price index. Minutes from the Fed’s December meeting, released last week, again emphasized the importance of …

Revved-up services sector can drive inflation out of control
2 years ago

Revved-up services sector can drive inflation out of control

Live Mint  

While India’s headline inflation is finally showing signs of easing, the country’s services sector is seeing a demand rebound- and higher prices to match—after two years of pandemic-induced slump. Rates go up on small savings schemes Economists warned that services inflation would remain elevated and stressed that the central bank should focus on the services segment in addition to the …

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