Unsustainable – or manageable? We don’t yet know how data centres will impact Australia’s environment 
AI is supercharging money scams – here’s what you can do to protect yourself 
Physicists zoom into the birth of cosmic rainstorms with new CERN study 
Goldman Sachs Forecasts Fed Rate Hike as Inflation Risks Rise 
‘Buy now, pay later’ doesn’t feel like debt. For young people, that can be a big problem 
Gold Slides to $4,262 as Hawkish Fed Rate Hike Triggers Technical Breakdown 
Banking scandal rocks Brazil’s politics and the country’s presidential election in October 
1 in 3 uni students experience serious financial hardship. Could concession cards for all help? 
Add as a preferred source on Google
Today, some of the measures of inflation in UK improved but levels of inflation that can be considered as normal, still remains quite a far away.
Key highlights -
- Producer price index grew +0.3% in July y/y. Producer price index grew marginally for core materials at 0.1% m/m. It is still down by -1.6% from a year ago.
- House prices grew in July, however at slower pace than expected, grew 5.7% in July from a year ago. Much lower than February's 8.4% growth.
- Retail price index dropped below zero level, at -0.1% m/m but grew 1% y/y in July.
- Consumer price index dropped by -0.2% m/m but Core CPI rose sharply at 1.2% from a year ago, compared to prior 0.8%.
Data from UK points at recovery in inflation, however doubts remain over whether it can be sustained or not.
- Bank of England (BOE) despite shrugging with lower inflation, has indicated that rapid growth in private sector demands policy normalization and rate hike might begin as early as next year.
Pound is sharply up today, however struggling to break free of its range high around 1.568-1.572. Pound is currently trading at 1.569 against Dollar.
