Features

Money Minute Wednesday 9 October: Japan's “pipeline inflation”

In today's Money Minute we’ll get data on producer price inflation and machinery orders in Japan.

In the US latest today, the minutes from the Federal Reserve's most recent interest-rate setting meeting are released.As usual, the minutes will be picked over in great detail. Small shifts in language, or in the forecasts of individual members, can be made to seem extremely important by commentators and analysts.

However, the reality is that they have been superseded by events and probably have little relevance for the Fed's next interest rate decision at the end of this month.

And looking ahead to early tomorrow morning, we'll get data on producer price inflation and on machinery orders from Japan.Producer prices often described as "pipeline inflation" are still falling on an annual basis in Japan, and analysts expect that to have continued in September.Data for machinery orders shows how much equipment Japanese businesses have ordered. It gives an idea of how optimistic they are about future demand.

The data tends to be very volatile from one month to another. However overall the figure has been trending higher.

Recommended

Inflation is the easiest way out of this – just don’t expect politicians to admit it
Inflation

Inflation is the easiest way out of this – just don’t expect politicians to admit it

The UK government borrowed £34.1bn in December, a record amount for that month. Britain's debt pile now amounts to 100% of GDP. How are we going to pa…
22 Jan 2021
Beware: inflation is starting to stir in the US
Inflation

Beware: inflation is starting to stir in the US

With US consumer prices up by 1.4% in the last year, concern about inflation is now everywhere.
22 Jan 2021
When lockdown ends, be prepared for an inflationary surprise
UK Economy

When lockdown ends, be prepared for an inflationary surprise

The government is pouring more money into the economy to tide businesses over the latest lockdown. Once lockdown ends, says John Stepek,we should see …
5 Jan 2021
It’s time investors prepared for inflation
Inflation

It’s time investors prepared for inflation

A lot of people seem to think that big price rises are a thing of the past. But investors could be hit with a few inflationary surprises in the coming…
18 Dec 2020

Most Popular

Why we won’t see a house-price crash in 2021
House prices

Why we won’t see a house-price crash in 2021

Lockdown sent house prices berserk as cooped up home-workers fled for bigger properties in the country. And while they won’t rise quite as much this y…
18 Jan 2021
The FTSE 100 is set for a makeover with an influx of new tech stocks
UK stockmarkets

The FTSE 100 is set for a makeover with an influx of new tech stocks

The FTSE 100 – the dullest index in the world – is about to reinvent itself as a host of new firms list on the market. The change is long overdue, say…
24 Jan 2021
Think Tesla is a bubble? This might be the best way to bet on it bursting
Oil

Think Tesla is a bubble? This might be the best way to bet on it bursting

The huge rise in Tesla’s share price means that, by market value, it’s now the sixth-largest company in the US and and the world’s biggest car-maker. …
25 Jan 2021