Page 3 - Inflation Eases News Today

Strengthening consumer spending bodes well for these consumer discretionary stocks.

MEMPHIS, Tenn. - Americans increased their spending modestly last month as inflation eased in many areas and the job market remains remarkably strong.

The annual inflation rate in Bosnia and Herzegovina eased for a sixth consecutive month to 7.9% in April from 10.3% in March, marking the lowest reading since January 2022, data released from the Sarajevo-based Agency for Statistics of BiH (BHAS) on Thursday show.

The Czech Republic's consumer price inflation eased further in April, largely due to a slowdown in the price growth of food items, though it still remained strong overall, data from the Czech Statistical Office (CZSO) showed on Thursday.

Estonia's consumer price inflation eased for the third straight month in April to the lowest level in more than a year, though it remained strong overall, preliminary figures from the Tallinn-based Statistics Estonia (SE) showed on Monday.

Bulgaria's consumer price inflation eased for the third straight month in March to the lowest level in a year, though it remained strong overall, data from the Sofia-based National Statistical Institute (NSI) showed on Tuesday.

Croatia's consumer prices increased by 10.7% year-on-year in March, and were 0.9% higher month-on-month, the Zagreb-based Croatian Bureau of Statistics (Crostat) said on Monday slightly increasing its first estimates, for a 10.6% and 0.8% increase respectively, announced at the end of last month.

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Estonia's consumer price inflation eased for the second straight month in March to the lowest level in a year, though it remained strong overall, preliminary figures from Statistics Estonia (SE) showed on Monday.

SOFI stock appears to be curling for a comeback as SoFi Technologies surprises Wall Street with record quarterly revenue.