Projection that we present today is very much into parts. Im going to begin with the first part. Starting near term outlook. This chart shows the evolution of Consumer Price inflation and its components since 2018. It shows that inflation has come off the peak in october last year and that it continues to fall over the rest of this year in our near term projection. Thats the piece showed in the shade of part of the chart. This fall can be attributed in large part to a full on contribution from energy. Fuel prices have declined, electricity and gas prices have stabilised, albeit at a higher level. The Dark Orange Bars on this chart show how the contribution from Energy Prices falling and turning negatively in the coming months. Giving off gems price cap on energy and gas bills, we expect inflation to take a further step down in the july dates will be published in two weeks time. That will come down to around 7 at that point. Following a larger step down in 0ctober s data to around about
Of its choosing. Oil prices are particularly volatile, given the regions role in producing a commodity so vital to the functioning of the Global Economy. Well, oil prices have actually been falling and thats because many traders think the risk of escalation is already factored in to the price. The American Bank citigroup though is warning that if there is more direct conflict between the two, oil prices could soar above 100 a barrel. And its likely that all of this will dominate the agenda for central bankers and Finance Ministers who are gathering this week in washington dc for the annual International Montary fund and world bank meetings. Ahead of that, the head of the imf Kristalina Georgieva has been warning the Global Economy faces a sluggish and disappointing decade amid all the uncertainty. Any impact, as small as it might be, is not desirable in an economy with high uncertainty. And inflation still not being brought down to target, very simple, oil prices go up, inflation goes
The possibility of issuing himself a pardon. Good morning and welcome to Way Too Early on this friday, september 15th. Im jonathan lemire. Thanks for starting your day with us. And well begin this morning with Tens Of Thousands of United Auto Workers hitting the picket lines. The union officially went on strike against detroits big three auto makers at midnight. Nearly 13,000 members walked out of three plants in missouri, ohio, and in michigan. The strike is against general motors, ford, and stellantis. The union and the companies failed to reach a deal on a new collective Bargaining Agreement before the current contract expired at the stroke of 12 00. Tonight for the first time in our history we will strike all three of the big three at once. We are using a new strategy, the stand up strike. We will call on select facilities, locals, or units to stand up and go on strike. This strategy will keep the companies guessing. It will give our National Negotiators maximum leverage and flexib
The Economic Policy, Industries and Enterprising Committee of the Azerbaijan Milli Majlis convened on May 27 to deliberate on amendments to the Law "On the State Budget of the Republic of Azerbaijan for 2024," Azernews reports.
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