Core Viewpoint - The Bank of Japan is closely monitoring the risks of rising prices, emphasizing the importance of its independence for price and macroeconomic stability [1] Group 1 - The central bank needs to observe whether food inflation will slow down as predicted [1] - Price trends are currently rising but remain below 2%, which is the reason for maintaining an accommodative policy [1] - The risk of lagging behind the yield curve is not considered high at this moment [1]

Group 1 - The continuous rise in prices of products such as tea and meat has pushed UK food inflation to its highest level in 17 months [1] - The British Retail Consortium reported a 4% year-on-year increase in food bills for July, marking the highest increase since February 2024 [1] - Overall commodity prices have risen for the second consecutive month, with a year-on-year increase of 0.7%, the highest level in over a year [1] Group 2 - Retailers are transferring costs to consumers in response to policy changes effective from April, despite a weak economic backdrop [3] - The CEO of the British Retail Consortium, Helen Dickinson, stated that the retail sector faced £7 billion (approximately $9.4 billion) in costs due to last year's budget, forcing most retailers to raise prices [3] - There are increasing speculations about further tax hikes in the autumn as the Chancellor of the Exchequer, Rachel Reeves, seeks to stabilize the UK's fragile public finances, with economists estimating a potential funding gap of up to £30 billion [3] Group 3 - Rising food costs are particularly sensitive to household inflation expectations, increasing the risk of a "second-round effect" where workers demand higher wages to offset rising living costs [3] - According to Rightmove, the pressure from rapidly rising rents on tenants has slightly eased, with the average monthly rent outside London rising by 3.9% to £1,365, the smallest annual increase since 2020 [3] - In London, the average monthly rent increased by 1.9%, reaching a historic high of £2,712 [3]

Group 1 - The core issue is the significant rise in beef prices in the U.S., with retail prices increasing nearly 9% this year, reaching $9.26 per pound, and year-over-year increases for steak and ground beef at 12.4% and 10.3% respectively, putting pressure on consumers [1][3] - The price surge is attributed to a long-term supply-demand imbalance, with the U.S. cattle herd at its lowest level in 74 years, drought affecting ranch production, and soaring feed costs, alongside a 22% drop in exports [3] - Despite high prices, consumer demand for beef remains strong, with about 8% of consumption relying on imports from Argentina, Australia, and Brazil, leading the U.S. to transition from a trade balance country to a net importer [3] Group 2 - The agricultural sector faces challenges, as the CEO of Tyson Foods described the current environment as the most challenging in the beef industry’s history [3] - The American Farm Bureau Federation warns that if consumer confidence declines due to economic uncertainty, high beef prices may lead to reduced demand, putting producers in a difficult position [3] - Experts suggest that a decrease in beef prices will require signals from both supply recovery and demand cooling, with ranchers currently reluctant to restock due to low profit margins [3]

美国6月未季调食品通胀年率 3%，前值2.9%。 ...

【环球时报驻德国特约记者 青木 环球时报记者 杨舒宇】气候变化加剧了欧洲近期的严重热浪。欧洲多国已发布高温预警，其中葡萄牙、西班 牙、法国、意大利和德国受影响尤为严重，部分地区气温突破40摄氏度。此次热浪对经济活动也造成显著冲击。安联研究与世界经济论坛发布的 最新研究报告预测，今年热浪将导致欧洲国家GDP平均下降0.5个百分点。 热浪效应：从农田到通胀指标 越来越频繁的极端天气正在直接重塑世界粮食的生产、运输和定价方式。德国巴伐利亚广播电台9日引用该州农业部门的预测称，今年该州农民的 收成将比平均水平低约5%，部分原因是春季干旱。此外，从6月20日左右开始，天气变得非常炎热，导致今年的收成提前，谷穗已开始变白，据 种植户称，这是早熟的明显迹象。 "今年的天气状况再次给农民带来了重大挑战"，德国农民协会主席约阿希姆·鲁克维德6日对德国《焦点》周刊表示，多年来德国农田每公顷的产 量一直在下降。2015年至2019年期间，平均每公顷产量为7.6吨，而去年降至6.7吨，降幅约为12%。 畜牧业也受到影响，特别是牛奶产量。德国广播电台 7日称，研究人员在《科学进展》杂志上撰文指出：在炎热潮湿的天气里，奶牛的产奶量最 多 ...

Core Viewpoint - The Governor of the Bank of Japan, Kazuo Ueda, stated that food inflation may be a temporary supply shock [1] Group 1 - The Bank of Japan is monitoring the current inflation trends, particularly in food prices, which have been influenced by supply chain disruptions [1] - Ueda emphasized that the central bank's monetary policy will remain accommodative to support economic recovery despite rising food prices [1] - The potential for food inflation to stabilize in the future is being considered, as it may not reflect a long-term trend [1]

Group 1 - The core point of the article indicates that the year-on-year food inflation rate in the United States for May is 2.9%, slightly up from the previous value of 2.8% [1]

Core Insights - The Governor of the Bank of England, Bailey, indicated that food inflation is rising, but this is not a phenomenon unique to the UK [1] - The more stable components of UK inflation are gradually weakening, although the pace of this decline is very slow [1] Group 1 - Food inflation is currently on the rise in the UK [1] - The trend of rising food inflation is observed globally, not just in the UK [1] - The stable components of inflation in the UK are diminishing, but the reduction is occurring at a slow rate [1]

Core Insights - UK food inflation rose to 2.8% in April, marking a one-year high and increasing for the fourth consecutive month [1] Group 1 - The rise in food inflation indicates ongoing pressures in the food supply chain, which may impact consumer spending and overall economic conditions [1] - This increase in food prices could lead to changes in consumer behavior, as households may adjust their purchasing patterns in response to higher costs [1] - The continuous rise in food inflation suggests potential challenges for food retailers and manufacturers in managing costs and pricing strategies [1]

Group 1 - The core point of the article is that the decline in egg prices in April has contributed to a decrease in food inflation in the United States [1] - In April, egg prices fell by 12.7% month-over-month, leading to a 1.6% decrease in the index for meat, poultry, fish, and eggs [1] - As a result of these changes, the overall food cost in April decreased by 0.1%, contrasting with a 0.4% increase in food costs in March [1]