欧洲央行管委Vujcic：通胀率正缓慢向2%目标靠拢。 ...

Group 1 - The European Central Bank (ECB) may need to lower interest rates below the neutral rate of 1.5%-2% to prevent inflation from falling below 2% [1]

Group 1 - The core viewpoint of the articles indicates that Canada's inflation rate has slowed down, with the Consumer Price Index (CPI) rising by 1.7% year-on-year in April, down from 2.3% in March, primarily due to a decrease in energy prices [1] - The significant drop in gasoline prices, which fell over 18% year-on-year in April, is attributed to the cancellation of the consumer carbon tax by Prime Minister Carney, alongside a reduction in crude oil prices [1] - Retail food prices in Canada increased by 3.8% year-on-year in April, surpassing the overall CPI growth for three consecutive months, with fresh vegetables and beef prices rising by 3.7% and over 16% respectively [1] Group 2 - The Bank of Canada considers the inflation rate as a crucial reference for interest rate adjustments, having maintained the benchmark rate after seven consecutive cuts since June of the previous year [2] - The next policy interest rate decision by the Bank of Canada is scheduled for June 4 [2]

Group 1 - The overall inflation rate in the UK has reached its highest level since early last year, driven by significant increases in water and sewage charges as well as vehicle excise duty [1] - Despite the rise in these costs, there has been a decrease in motor fuel prices and clothing prices, particularly due to substantial discounts on children's clothing and women's shoes, which partially offset the inflationary pressures [1]

Core Insights - The Consumer Price Index (CPI) in Canada decreased from 2.3% in March to 1.7% in April, slightly above market expectations of 1.6% and the Bank of Canada's forecast of 1.5% [1] - The decline in CPI was primarily driven by a significant drop in energy prices, with gasoline prices falling by 18.1% and natural gas prices by 14.1% [1][4] - Core inflation, excluding energy, rose to 2.9% from 2.5% in March, indicating persistent structural inflationary pressures [2][4] Inflation Data Overview - Year-on-year inflation rate: 1.7% (down from 2.3% in March), mainly due to a 12.7% drop in energy prices [1] - Monthly inflation rate: decreased by 0.1%, better than analysts' expectations of a 0.2% decline [1] - Core CPI median increased from 2.8% in March to 3.2%, the highest since March 2024 [3] Structural Inflation Dynamics - CPI excluding extreme values rose from 2.9% to 3.1%, reaching a 13-month high [4] - Food prices in stores increased by 3.8% year-on-year, with fresh beef (+16.2%), coffee and tea (+13.4%), and fresh vegetables (+3.7%) being significant contributors [4] - Restaurant food prices rose by 3.6%, reflecting persistent inflation in the service sector [4] Tourism and Service Prices - Travel prices increased by 6.7% year-on-year, rebounding by 3.7% month-on-month, indicating a seasonal demand recovery [5] Policy Implications - The Bank of Canada has paused its interest rate cuts, with core inflation becoming a focal point ahead of the June 4 rate decision [5] - The central bank has cut rates seven times since June 2024 and emphasized the need to act decisively to control inflation if necessary [5] - The impact of tariffs on inflation has been embedded in final prices, with ongoing monitoring of international trade policies [5]

加拿大整体通胀率降至八个月低点 金十数据5月20日讯，受能源价格下跌和联邦消费者碳税结束的推动，加拿大4月份的整体通胀年率降至 8个月来的最低水平。加拿大统计局周二表示，加拿大整体CPI较上年同期上涨1.7%。道明证券的经济 学家表示，市场原本预计该指数将从上月的2.3%降至1.6%。环比来看，价格下跌0.1%，而市场普遍预 期为下跌0.2%。 ...

欧洲央行管委诺特：欧洲央行的预测可能会显示今年和明年的通胀率较低，但长期的通胀是不确定的。 ...

罗马尼亚央行：预计2026年底的年通胀率为3.4%，此前预计为3.1%。 ...

澳洲联储：全球贸易战对经济构成重大下行风险 金十数据5月20日讯，澳洲联储周二表示，由于受全球贸易紧张局势的连带影响，通胀率将下降，而失 业率将上升，即使假设降息幅度达到市场预期。澳洲联储在周二发布的季度货币政策声明中称，核心通 胀的降温速度略快于预期，服务业明显放缓。该央行还警告称，美国总统特朗普关税政策将拖低全球经 济增长率，并且总体上有助降低澳洲通胀率。 ...

印尼财长：预计2026年整体通胀率将处于1.5%-3.5%区间。 ...