What parts of the world are seeing the lowest retail inflation (or even deflation)? Here is a ranking of countries with the lowest rates of growth (or the highest rates of decline) in their consumer price index, or CPI:
Latvia's economic growth eased in the first quarter of the year amid a decline in public spending but strong gains in investment offset the impact, and retail sales grew in April on higher demand for non-food products and automotive fuel, separate reports from the Central Statistical Bureau showed on Friday.
Taiwan's economic growth accelerated more than initially estimated in the first quarter. Gross domestic product, or GDP, advanced 14.55 percent year-on-year in the March quarter, faster than the revised 12.95 percent increase in the December quarter. On the demand side, real exports of goods and services grew by 35.76 percent, driven by the strong external demand of AI and related infrastructure.
Portugal's economy grew at a faster pace in the first quarter of the year underpinned by domestic demand, and inflation remained broadly unchanged in April, separate reports from Statistics Portugal showed on Friday. Gross domestic product grew 2.3 percent year-on-year following a 1.9 percent increase in the previous quarter. This was in line with the flash estimate released on April 30.
Poland's consumer price inflation eased slightly in May from a 10-month high in the previous month. The consumer price index climbed 3.1 percent year-over-year in May, slower than the 3.2 percent increase in April. Cost for fuels and lubricants for personal transport equipment were 12.3 percent more expensive compared to last year.