An inflation gauge closely watched by the Bank of Japan (BoJ) accelerated at its fastest pace in almost three years as some retailers passed on rising costs to households, a positive sign for the central bank as it seeks to stoke consumer prices.
The Bank of England could be set a target for house price inflation under plans being explored by the Labour party, with tougher powers to restrict mortgage lending to close the gap between property prices and average incomes.
India’s retail inflation is expected to have accelerated in March on slightly higher food prices but remain under the Reserve Bank of India’s medium-term target of four percent, a Reuters poll predicted.
Japanese Prime Minister Shinzo Abe praised the Bank of Japan’s ultra-loose monetary policy for helping create jobs, suggesting the government wasn’t unduly worried that inflation remains distant from the central bank’s two percent target.
Tokyo’s core consumer price inflation picked up slightly more than expected in January due to higher energy prices, but Japan’s central bank still has a long way to achieve its elusive two percent inflation target.
India house prices will rise at half the rate of consumer price inflation next year, hit by dwindling credit supply, according to a Reuters poll of housing market experts who said Delhi, the national capital, will be hit hardest.
China's factory-gate inflation slowed for the fourth month in October amid cooling domestic demand for raw materials and ebbing manufacturing activity, underscoring rising economic pressure in the face of simmering trade frictions with the United States.