Kenya's inflation rate rose to 5.42 percent year on year in January from 4.51 percent in December on higher food prices, rents and school tuition costs, a source at the statistics office said on Monday.
China's central bank, more hawkish on inflation than other parts of the government, has gained more policy-making power in recent months by outmaneuvering pro-growth factions in wrangling over the economic outlook and bank loans.
U.S. consumer spending rose more than expected in December to post the sixth straight month of gains as households drew down on their savings to fund purchases, government data showed on Monday.
[Gold] buying continued on fears the unrest in Egypt will spread across the Middle East, says Richcomm Global Services in Dubai. But Asia's gold market is less sensitive to what happened in Middle East compared to New York, said a Hong Kong dealer in a note this morning.
Investors have pulled out hundreds of millions of dollars out of riot-torn Egypt since the uprising began last week, leading to fears that if the crisis continues, Egypt may not have enough in currency reserves to prevent a longer-term economic and financial crisis.
Inflation in the eurozone rose to 2.4 percent in January from 2.2. percent in December, according to the preliminary estimates of Eurostat, European Union's official statistics agency.
Fundamentals and nasty surprises are on investors minds heading into February, with big tests in the coming week about jobs and inflation and increasing worries over Egypt and its region.
Quantitative easing by the Federal Reserve and other central banks cannot address fundamental economic problems but may lead to excessive global liquidity and competitive currency depreciation, China's central bank said on Sunday.
Quantitative easing by the Federal Reserve and other central banks cannot address fundamental economic problems but may lead to excessive global liquidity and competitive currency depreciation, China's central bank said on Sunday.
India is concerned about high global commodity and oil prices and will consider cutting import duties on more food products to curb inflation gripping Asia's third-largest economy, its trade minister said.
Soaring inflation and rate rises are starting to hit corporate margins in India, tempting more foreign fund managers to slash holdings in favour of markets that can better capitalise on the global economic recovery.
Gold futures are likely to recover from their 13-week low this quarter and extend their rise further to breach 21,000 rupees by the end of the third quarter, analysts and importers said.
China has blocked the search for Egypt on Sina's microblogging service, reported Al Jazeera.
Burundi's annual inflation rate dropped to 6.5 percent last year from 10.5 percent 2009 thanks to lower food costs, but prices will likely rise again in 2011, the country's statistics board said on Friday.
China has no need to revalue its yuan currency for trade reasons, as export growth will slow to a still strong 10 percent this year and its surplus is set to contract by 2015, its trade chief said on Friday.
Gold Bullion prices failed to rally from last night's tumble in Asian and London trade on Friday, extending the month's sharp losses and hitting to four-month lows in the US Dollar and six-month lows against the Swiss Franc and commodity currency Aussie and Canadian Dollars.
The China Gold Association estimates... that the demand for gold in the first half of the year will rise by 15 percent year on year, citing growing demand for alternative investments and protection against inflation, said Commerzbank in a note.
Fretful central bankers and hard-pressed consumers hoping companies will swallow rising input costs look set to be disappointed as evidence grows that prices will increase in coming months.
Asian stocks fell by half a percent on Friday, succumbing to a broad bout of profit-taking, as concern about rising inflation outweighed robust earnings.
Japan's core consumer prices fell in December from a year earlier for a 22nd consecutive month, as slow wage growth and sluggish demand kept the country mired in deflation while the government grapples with heavy public debt.
Gold fell more than 2 percent on Thursday, after a raft of positive economic data from the United States and more hawkish signals from some other central bank officials have sparked speculation that certain major economies would move to raise interest rates sooner than previously thought.
China's annual inflation will probably top 6 percent around the middle of 2011 before losing steam in the second half of the year, the Bank of Communications said on Thursday.
