Core Insights - Bosnia's consumer prices increased by an average of 4.8% year-on-year in July 2023, indicating inflationary pressures in the economy [1] Price Changes by Category - Food and non-alcoholic beverages saw a significant year-on-year price increase of 10.8% [1] - Alcoholic beverages and tobacco prices rose by 3.7% year-on-year [1] - Housing, water, electricity, and gas costs increased by 1.4% year-on-year [1] - Furniture, household appliances, and routine maintenance costs went up by 1% year-on-year [1] - Healthcare costs increased by 6.1% year-on-year [1] - Communication services saw a slight increase of 0.3% year-on-year [1] - Entertainment and leisure expenses rose by 4.9% year-on-year [1] - Education costs increased by 1.9% year-on-year [1] - Restaurant and hotel expenses increased by 7.5% year-on-year [1] - Other goods and services rose by 3.8% year-on-year [1] - Clothing and footwear prices decreased by 5.3% year-on-year [1] - Transportation costs decreased by 3.2% year-on-year [1] Month-on-Month Changes - Consumer prices increased by 0.2% in July compared to the previous month [1] - Alcohol and tobacco prices rose by 0.6% month-on-month [1] - Housing, water, electricity, and gas costs increased by 0.3% month-on-month [1] - Furniture, household appliances, and maintenance costs rose by 0.2% month-on-month [1] - Healthcare costs increased by 0.3% month-on-month [1] - Transportation costs saw a notable increase of 2.2% month-on-month [1] - Entertainment and leisure expenses rose by 0.7% month-on-month [1] - Restaurant and hotel expenses increased by 0.6% month-on-month [1] - Other goods and services rose by 0.4% month-on-month [1] - Food and non-alcoholic beverages decreased by 0.3% month-on-month [1] - Clothing and footwear prices decreased by 2.7% month-on-month [1]

Core Insights - The Producer Price Index (PPI) in Germany decreased by 1.5% year-on-year in July 2025, compared to a 1.3% decline in June 2025 [1] - The primary reason for the decline in the PPI is the drop in energy prices, along with a decrease in intermediate product prices [1] - Prices for consumer goods, durable goods, and capital goods have increased, with energy prices down by 6.8%, intermediate product prices down by 0.9%, capital goods prices up by 1.8%, consumer goods prices up by 3.5%, and durable goods prices up by 1.9% [1] - Excluding energy prices, the PPI showed a year-on-year increase of 1.0% in July [1] - The PPI is considered a leading indicator of consumer price index changes, reflecting price trends at the production level [1]

Group 1 - The core viewpoint of the article indicates that inflationary pressures in the U.S. continued in July, with consumer prices rising due to the impact of tariffs implemented by the Trump administration [1][2] - The Consumer Price Index (CPI) for July showed a year-on-year increase of 2.7%, maintaining the same growth rate as in June [1] - The core CPI, excluding volatile food and energy prices, rose by 3.1% in July, which is higher than the growth rate in June, suggesting a persistent inflation trend [1] Group 2 - Economists noted that the impact of tariffs on consumer prices has a lag effect, with retailers previously stockpiling inventory to mitigate the immediate cost impact [1] - The report highlights that while some essential goods saw price pressure ease, costs in other categories such as furniture, tires, and pet supplies increased significantly [1] - UBS economist Alan Demaister stated that the data clearly indicates the transmission of tariff impacts to consumer prices [2]

Group 1 - The U.S. stock market indices opened higher and closed with gains, with the S&P 500 and Nasdaq Composite reaching all-time highs due to increased expectations of a Federal Reserve rate cut in September [1][2] - The Dow Jones Industrial Average rose by 483.52 points to close at 44,458.61, marking a 1.10% increase; the S&P 500 gained 72.31 points to close at 6,445.76, a 1.13% increase; and the Nasdaq Composite increased by 296.50 points to close at 21,681.90, a 1.39% increase [1] - All eleven sectors of the S&P 500 saw gains, with the communication services and technology sectors leading at increases of 1.79% and 1.41%, respectively [1] Group 2 - The U.S. Consumer Price Index (CPI) for July rose by 2.7% year-on-year, matching the previous month's increase and falling short of market expectations of 2.8%; month-on-month, it increased by 0.2%, in line with expectations [1][2] - The core CPI, excluding volatile food and energy prices, increased by 3.1% year-on-year, up from 2.9% the previous month and above market expectations of 3%; month-on-month, it rose by 0.3%, consistent with expectations [2] - The probability of a 25 basis point rate cut by the Federal Reserve in September rose from 85.9% to 94.4% according to the FedWatch Tool [2] Group 3 - Market analysts suggest that the current stock market environment is favorable, with expectations of a Federal Reserve rate cut and rising corporate earnings creating a positive outlook [3] - A report from BCA Research indicates that a gradual weakening of fundamentals over the next 6 to 12 weeks may not negatively impact financial markets and could even stimulate a rate cut from the Federal Reserve [3]

Core Viewpoint - In July, Portugal's Consumer Price Index (CPI) increased by 2.6% year-on-year, while it decreased by 0.4% month-on-month [1] Group 1 - The year-on-year increase of 2.6% in the CPI indicates ongoing inflationary pressures in the Portuguese economy [1] - The month-on-month decrease of 0.4% suggests a potential easing of inflation in the short term [1]

Core Viewpoint - The Federal Reserve Chairman Jerome Powell is focusing on the declining quality of consumer price index data [1] Group 1 - The Federal Reserve is monitoring issues related to the quality of consumer price index data [1]

Core Insights - The US consumer confidence index rose to 97.2 in July, but the increase was below market expectations [1] - The current conditions index, reflecting consumer assessments of the business and labor market, decreased to 131.5, down 1.5 from June [1] - The expectations index, which gauges short-term outlooks on income, business, and labor market conditions, increased to 74.4, up 4.5 from June [1] Group 1: Consumer Confidence Trends - The consumer confidence index has stabilized since May but remains lower than the same period last year [2] - The increase in consumer confidence was primarily driven by individuals aged 35 and above, with all income groups above $15,000 seeing an increase, except for those earning below $15,000 [1] - 18.9% of consumers reported difficulty in finding jobs, marking the lowest assessment of the job market since March 2021 [1] Group 2: Economic Concerns - Tariffs are a major concern for consumers, with many fearing that they will lead to rising prices and inflation [2] - The US Consumer Price Index (CPI) for June showed a year-on-year increase of 2.7% and a month-on-month increase of 0.3%, indicating signs of rising inflation [2]

Core Viewpoint - The Chief Economist of the Reserve Bank of New Zealand stated that the Consumer Price Index (CPI) for the second quarter fully met their expectations [1] Group 1 - The CPI data aligns with the Reserve Bank's forecasts, indicating stability in consumer prices [1]

Core Viewpoint - The latest Consumer Price Index indicates that tariffs are driving up goods inflation, which raises a "slight concern" for the Federal Reserve's Goolsbee [1] Group 1 - The Consumer Price Index data shows a direct correlation between tariffs and increased goods inflation [1]

Core Viewpoint - The Federal Reserve should not lower interest rates for some time due to the inflationary pressures stemming from tariffs imposed by the Trump administration, necessitating a tight monetary policy to control inflation expectations [1][2]. Group 1: Economic Indicators - The unemployment rate remains stable at 4.1%, indicating a labor market that is "stable and close to full employment" [1]. - Inflation is currently above the Federal Open Market Committee's (FOMC) target of 2%, facing upward pressure from tariffs [1]. - The upcoming PCE data is expected to show a 2.5% year-over-year increase in the PCE price index for June, with the core PCE index rising by 2.8%, higher than May's levels [2]. Group 2: Federal Reserve Policy - The Federal Reserve is expected to maintain the benchmark interest rate in the range of 4.25% to 4.5% during its upcoming meeting, marking the fifth consecutive meeting without a rate cut since December of the previous year [2]. - Federal Reserve policymakers are reluctant to resume rate cuts unless they are certain that tariffs will only lead to one-time price adjustments rather than sustained inflation [2]. Group 3: Future Implications - There are indications that trade policies will continue to exert upward pressure on inflation, with expectations of further price increases later in the year [2]. - The potential vacancy on the Federal Reserve board, due to the expiration of a term in January, may lead to changes in policy direction, especially with the upcoming end of Powell's term in May [2].