Core Insights - The final data from the German Federal Statistical Office indicates that the inflation rate in Germany for October 2025 is 2.3% [1] - Following increases in August and September, where inflation rates were 2.2% and 2.4% respectively, October saw a slight decrease in inflation [1] - Service prices continue to rise at a rate above the average, remaining a primary driver of inflation [1] Inflation Details - In October, service prices in Germany increased by 3.5% year-on-year, with significant price hikes in passenger transport services (11.4%) and social institution services (8.0%) [1] - Energy product prices saw a year-on-year decline of 0.9%, with household energy prices down by 1.7%, electricity prices down by 1.4%, and light fuel oil prices down by 6.0% [1] - Food prices increased by 1.3% year-on-year, showing a noticeable slowdown compared to previous months [1] Core Inflation Metrics - Excluding energy prices, the inflation rate for October stands at 2.5%, while the core inflation rate, excluding both food and energy prices, is at 2.8% [1] - Economists predict that the inflation rate in Germany will remain above 2% in the short term, but some analysts believe the peak of inflation following the Russia-Ukraine conflict has ended [1] - Multiple economic research institutions forecast a relatively moderate inflation rate for Germany this year, estimated at around 2.1% [1]

近日，省统计局与沈阳市统计局联合主办、沈阳市沈河区统计局承办的辽宁省暨沈阳市第十六 届"中国统计开放日"活动在沈阳市中街步行街举行。 为推动中国统计工作公开透明，更好地服务社会，国家统计局决定，将每年的9月20日定为"中国统 计开放日"。从2010年到2024年，"中国统计开放日"已成功举办十五届。 本届开放日的主题是"诚信诚实守初心 依法统计担使命"，凸显统计工作诚实诚信、依法统计的核 心理念，向社会传递统计部门坚持依法统计、搞准统计数据的决心。 活动以"线上+线下"深度融合的方式展开。线上依托辽宁统计官方网站设立专栏，同步联动新媒体 平台，并与全省各级统计部门形成新媒体宣传矩阵，实现立体化传播；线下通过设置多个特色展区，对 统计法、全国1%人口抽样调查、第四次全国农业普查的相关知识内容进行展示。活动现场滚动播放主 题宣传视频，有奖问答环节吸引众多市民踊跃参与。开放日活动不仅拉近了统计工作与社会公众的距 离，更营造出统计服务为民、全民了解统计的浓厚氛围。 ...

Group 1: Inflation and Economic Indicators - France's inflation rate increased to 1.1% in September, up from 0.8% in August, but remains below the European Central Bank's (ECB) target of 2% [1] - The Eurozone's inflation rate is expected to rise to 2.2% in September, with Italy and Germany set to release their data shortly [1] - The service sector's inflation rate in France rose to 2.4% in September from 2.1% in August, driven by rising healthcare costs and smaller declines in telecom expenses [1] Group 2: Government and Fiscal Challenges - France is facing a long-term public finance political crisis, with the government collapsing for the second time in less than a year [2] - Uncertainty remains regarding how the French government will address the growing debt burden, impacting investment and spending by businesses and households [3] - Consumer spending in France grew by only 0.1% month-on-month in August, below the forecast of 0.2%, with July's data revised down from -0.3% to -0.6% [3]

Core Insights - The Guangdong-Hong Kong-Macao Greater Bay Area (GBA) has seen its economic output grow from 10.8 trillion yuan in 2018 to an expected 14.8 trillion yuan by 2024, representing a significant increase in economic contribution despite occupying less than 0.6% of the national land area [1][2] Group 1: Economic Development - The GBA contributes to one-ninth of the national economic total, showcasing its high-quality development potential and momentum [1] - The forum highlighted the importance of statistics as a foundational work for economic and social development, serving as a tool for macroeconomic regulation and scientific decision-making [1] Group 2: Statistical Innovation - The forum emphasized the need to improve statistical systems and methods, enhance collaboration with Hong Kong and Macao, and explore paths for statistical coordination and development within the GBA [2] - There is a focus on advancing statistical reforms in key areas such as statistical index accounting systems and the inclusion of new economic sectors, aiming to improve data quality and survey efficiency [2] Group 3: Public Engagement and Education - The event included the 16th "China Statistical Open Day in Guangdong," which aimed to promote statistical knowledge and culture through various outreach activities [2] - The activities featured multimedia presentations and a swearing-in ceremony for representatives of the 2025 national 1% population sampling survey, highlighting the importance of public engagement in statistical practices [2]

Group 1 - The event highlighted the importance of population data in urban planning, particularly in the establishment of new elderly care centers based on demographic trends [1][2] - Hangzhou's GDP surpassed 20,960 billion yuan in 2023, with a significant increase in the proportion of strategic emerging industries, indicating a rapid industrial upgrade [1] - The third industry accounted for over 72% of the GDP, and the core revenue of the digital economy reached 2,400 billion yuan, reflecting the daily living conditions of residents [1] Group 2 - Population data is utilized as a guide for optimizing educational and elderly care resources, with local authorities adjusting community services based on demographic predictions [2] - The event emphasized the transition from traditional data collection methods to AI systems while maintaining a commitment to data authenticity [2] - The statistical bureau plans to continue promoting data openness and sharing, transforming census results into policy-making tools to enhance public awareness of urban development [2]

Core Points - The U.S. Bureau of Labor Statistics (BLS) is experiencing "technical issues" ahead of the August employment report release [1] - A statement from the BLS indicates that all data retrieval tools will be unavailable until the issues are resolved [1] - The August non-farm payroll report is scheduled for release at 20:30 Beijing time, but it is unclear if the technical issues will affect the scheduled release [1]

Core Insights - July inflation in the UK unexpectedly accelerated to 3.8%, the fastest rate in a year and a half, impacting expectations for a potential interest rate cut by the Bank of England [1][3] - The inflation rate exceeded the 3.7% forecast by economists and was higher than June's 3.6% [3] - Key drivers of inflation included rising transportation costs, particularly airfares, and automotive fuel prices, with food and non-alcoholic beverage prices increasing by 4.9% year-on-year for the fourth consecutive month [3] Economic Indicators - Service sector inflation rose to 5% in July, up from 4.7% in June, indicating significant price pressures within the economy [3] - The Bank of England faces dual challenges of inflation rebound and sluggish economic growth, having recently cut rates by 25 basis points to 4% while raising inflation forecasts [3][4] - The anticipated inflation for September is projected to reach 4%, double the Bank's target of 2%, with expectations that it will only return to target by 2027 [3] Employment and Economic Growth - There are signs of a weakening job market in the UK, with rising unemployment rates and a decline in employment numbers from May to June, which may hinder wage growth [4] - The UK GDP growth for the second quarter was only 0.3%, a slowdown from 0.7% in the first quarter, influenced by global commodity stockpiling that had previously boosted exports [4] Central Bank Policy Outlook - The unexpected inflation data diminishes the likelihood of a rate cut by the Bank of England in September, with core inflation pressures raising doubts about further policy easing this year [4] - Some analysts suggest that the Bank may overlook certain one-off factors driving price increases and could still consider another rate cut within the year [5]

Group 1 - Silver prices are experiencing a rebound, currently reported at $37.78 per ounce, with a high of $37.95 and a low of $37.47 during the trading session [1] - The market is closely watching the upcoming U.S. July CPI data, with expectations of a modest increase of 0.2% month-on-month, while core CPI may see its largest increase in six months at 0.3% [2][3] - Concerns about the reliability of U.S. economic data are rising due to budget cuts and staff shortages at the Bureau of Labor Statistics, leading to increased reliance on estimated data [2][3] Group 2 - The expected year-on-year increase in July CPI is 2.8%, slightly up from 2.7% in June, driven by rising food prices due to labor shortages and tariffs [3] - Core CPI, excluding food and energy, is projected to rise by 0.3%, the highest since January, influenced by tariffs on sensitive goods like auto parts and clothing [3][4] - The interplay of various factors creates a picture of a moderate yet concerning CPI outlook for July [4] Group 3 - Silver prices need to break through $38.00 to continue their upward trend, with key resistance levels at $38.05 and $38.47 [5] - If silver falls below $37.50, it may test the 50-day moving average at $37.03, with further support at $36.22 [5]

Core Insights - The Consumer Price Index (CPI) in Canada rose by 1.7% year-on-year in May, remaining unchanged from April. Excluding energy, the CPI increased by 2.7%, a slowdown from April's 2.9% [1][4] - Month-on-month, the CPI increased by 0.6%, with a seasonally adjusted increase of 0.2% [1] Price Changes by Category - Housing prices saw a year-on-year increase of 3.0% in May, down from 3.4% in April. Rent prices rose by 4.5%, lower than April's 5.2% [3][5] - Travel prices decreased by 0.2% year-on-year in May, contrasting with a 6.7% increase in April. Airline ticket prices fell by 10.1%, with an expanded decline [3] - Gasoline prices continued to decline, down 15.5% year-on-year in May, compared to an 18.1% drop in April. However, there was a month-on-month increase of 1.9% due to rising refining profits [3] - Mobile service prices saw a reduced year-on-year decline of 5.5% in May, compared to 10.8% in April, with a month-on-month increase of 7.2% due to the end of promotional activities [3] - New car prices increased by 4.9% year-on-year in May, up from 4.6% in April [3] Market Analysis - The slowdown in rent increases and the decline in travel prices exerted downward pressure on the CPI, while the reduced declines in gasoline and mobile service prices provided upward support [4] - The increase in rental supply and a slowdown in population growth in Ontario contributed to the significant deceleration in rent price increases, affecting the national average [4] - Mortgage interest costs have seen a slowdown for the 21st consecutive month, with a year-on-year increase of 6.2% in May, down from 6.8% previously [4] - The Canadian Statistics Agency noted that U.S. tariffs and Canada's countermeasures could impact final consumer prices, but the specific effects are already embedded in the collected final prices, negating the need for special adjustments to the CPI [4]

Group 1 - The Trump administration's budget proposal for the fiscal year 2026 includes an approximately 8% cut to the budget and staffing of the Bureau of Labor Statistics (BLS), which may lead to less reliable economic data that Wall Street heavily relies on [1] - The BLS will focus its resources on core data series known as "major federal economic indicators" (PFEIs), potentially resulting in the elimination of other important economic statistics [1][2] - The budget proposal also suggests restructuring the BLS under the Department of Commerce, merging it with the Bureau of Economic Analysis and the Census Bureau, which is expected to improve efficiency and data quality [1] Group 2 - The BLS has been struggling with a declining budget adjusted for inflation over the years, and has already lost a significant number of staff due to layoffs, early retirements, and a hiring freeze [2] - The collection of some economic data has been affected, with the BLS announcing a reduction in the number of Consumer Price Index (CPI) survey locations due to personnel shortages, which may decrease the reliability of CPI as an inflation measure [3] - The BLS has also announced adjustments to the Producer Price Index (PPI), stopping the calculation of 350 indices, although these indices account for less than 1% of the total PPI [3]