Consumer Price Index rises 3.6% year-over-year in December, as anticipated.
In December, Australia’s consumer price index (CPI) showed a year-on-year increase of 3.6%, slightly up from a revised figure of 3.5% (previously 3.4%), as reported by the Australian Bureau of Statistics (ABS) on Wednesday. This aligns with market expectations of a 3.6% growth rate for the period. For December, the RBA trimmed average CPI rose […]
Beef prices increase by 16.4% year-over-year in December inflation report
Beef Prices Surge as Stocks Reach Historic Lows Nate Lempe, President and CEO of Omaha Steaks, commented on the rising prices of beef as the holiday season approaches. He emphasized that the U.S. needs to focus on rebuilding its beef herd. Recent inflation data indicates that U.S. households are spending more on beef products like […]
After a 529% Year-over-Year Increase and New All-Time High, XRP Targets $4.50 Next?
XRP, the native token of Ripple, is currently valued at $3.43. It’s seen a significant rise of 67% in just three months and an impressive 529% over the past year. After reaching a new all-time high of $3.65 on July 18th, attention now shifts to the critical $3 support level. This point could either propel […]
Home sales post first year-over-year gain in over 3 years
U.S. existing home sales rose in October, the first annual increase in more than three years, as easing interest rates and more properties on the market boosted homebuyers. Existing home sales rose 3.4% last month from September to a seasonally adjusted annual rate of 3.96 million units, the National Association of Realtors said Thursday. This […]
Home Prices Dip for First Time off Crazy Spike, Price Reductions Surge, Sellers Emerge, House Sales Drop Year-over-Year, Inventories & Supply Keep Rising
Estimated Reading Time: 2 minutes “Normalization” or “deceleration,” as this phenomenon is called, is setting in Prices of existing single-family houses, condos, and co-ops dipped in July, reverting to seasonality for the first time since 2019, amid surging price reductions. Single-family house sales dropped 4.1% in July, from a year ago, the first decline since […]