It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
Wholesale prices rose faster than expected in February, indicating ongoing inflation concerns. The producer price index jumped 0.6%, largely due to a surge in energy costs. Retail sales also increased but fell short of estimates. Meanwhile, jobless claims declined slightly. This data highlights the challenges facing the US economy as inflation remains high.
Taylor Swift's Eras Tour had a positive economic impact in the U.S., boosting retail sales and GDP slightly. The tour's effect was significant in cities where it performed, driving up lodging prices, occupancy rates, and hotel revenues. While the tour's macro impact on national-level data was minimal, local economic benefits were substantial. However, the tour's impact may be more significant in smaller economies like Sweden and Singapore.
Consumer spending rebounded noticeably in February, despite being corrected for the extra spending day, leap day. The Retail Monitor's core measure, excluding autos, gas, and restaurants, rose 0.95%. Sporting goods, hobby, and health and personal care stores performed exceptionally well, with online and nonstore sales continuing to surge.
