Price indices

Recent developments in euro area food prices

Retrieved on: 
Wednesday, July 29, 2020

Prepared by Ieva Rubene Food prices can be an important driver of euro area headline HICP inflation, as food accounts for almost 20% of the HICP consumption basket and food price inflation is highly volatile.

Key Points: 
  • Prepared by Ieva Rubene Food prices can be an important driver of euro area headline HICP inflation, as food accounts for almost 20% of the HICP consumption basket and food price inflation is highly volatile.
  • Against this background, this box reviews recent developments in euro area food prices in an environment that has been affected by the coronavirus (COVID-19) pandemic.
  • The April 2020 surge in euro area food prices was strong even in the light of food prices having been volatile in the past.
  • The month-on-month increase in total food prices reached an exceptional 1.1% in April, a rate almost never observed since 1999 (excluding the few temporary large hikes due to changes in indirect taxes).
  • As food prices are highly seasonal, especially for unprocessed food, changes in a given month should be compared with the same month in other years.
  • Although the increase was less pronounced for overall processed food prices, it was clearly higher for certain items such as bread, pasta and other flour products, as well as meat.
  • Chart A Monthly price developments in euro area consumer food prices during the COVID-19 lockdown (month-on-month percentage changes; non-seasonally adjusted data)
  • Food production in the euro area is characterised by strong supply linkages within the sector.
  • According to the euro area input-output table, the main input for the manufacturing output of the food sector is domestic processed and unprocessed food products (approximately 40% of all inputs).
  • Food products imported from outside the euro area only make up a small share of the food sectors total production costs (around 5%).
  • [6] Overall, this suggests that the disruption of supply chains within the euro area, including distribution networks, that has been observed during the COVID-19 pandemic may have had important implications for the food supply and, therefore, prices.
  • Detailed sectoral data for euro area imports do not provide the breakdown of food imports used for domestic production and food imports delivered directly to shops for household consumption.
  • Nevertheless, data on total food imports can provide some information on which food products are potentially more sensitive to supply chain disruptions.
  • Eurostat trade data for 2019 show that around 40% of food imports from outside the euro area were from the other EU countries (including the United Kingdom).
  • However, there is also substantial trade in food products within the euro area.
  • Chart B Composition and direction of euro area food imports in 2019 (percentages of total euro area imports of food products)

Catch Emirati-Supported Crypto Price Index's Hotbit Exchange Listing on 15th July 2020

Retrieved on: 
Tuesday, July 14, 2020

ST. JULIAN'S, Malta, July 14, 2020 /PRNewswire/ -- Crypto Price Index have announced details of their CPI token sale, which launches on HotBit exchange on 15th July 2020.

Key Points: 
  • ST. JULIAN'S, Malta, July 14, 2020 /PRNewswire/ -- Crypto Price Index have announced details of their CPI token sale, which launches on HotBit exchange on 15th July 2020.
  • CPI will bring much-needed stability to crypto markets with its suite of tokens whose value is based on the average of top-trading tokens."
  • To power the CPI ecosystem, Crypto Price Index have partnered with HotBit Exchange to facilitate the release of CPI tokens to the public beginning on 15th July 2020.
  • In Q4 of 2019, Crypto Price Index made an incredible partnership with prominent Emirati families, as seen on Cointelegraph .

CPI Aerostructures Receives $5 Million Long-Lead Funding to Supply Wing Components for E-2D Advanced Hawkeye

Retrieved on: 
Thursday, June 25, 2020

CPI Aero has been delivering OWP components and kits for multiple configurations of the E-2D Advanced Hawkeye since 2008.

Key Points: 
  • CPI Aero has been delivering OWP components and kits for multiple configurations of the E-2D Advanced Hawkeye since 2008.
  • Douglas McCrosson, President and CEO of CPI Aero, stated, The E-2D Advanced Hawkeye has been an important aircraft platform for CPI Aero for the past decade and will continue to be so well into the future.
  • In conjunction with its assembly operations, CPI Aero provides engineering, program management, supply chain management, and MRO services.
  • CPI Aero is a registered trademark of CPI Aerostructures, Inc. For more information, visit www.cpiaero.com , and follow us on Twitter @CPIAERO .

Second Month of Deflation Since 2009

Retrieved on: 
Wednesday, June 17, 2020

Ottawa, ON, June 17, 2020 (GLOBE NEWSWIRE) -- Ottawa, June 17, 2020The Conference Board of Canadas Economist Anna Feng offers the following insights on today's Consumer Price Index (CPI) data:

Key Points: 
  • Ottawa, ON, June 17, 2020 (GLOBE NEWSWIRE) -- Ottawa, June 17, 2020The Conference Board of Canadas Economist Anna Feng offers the following insights on today's Consumer Price Index (CPI) data:
    Consumer prices were off their year ago level (-0.4 per cent) again in May, recording the second month of deflation since 2009.
  • Depressed oil prices combined with suppressed household demand for discretionary spending contributed to Mays deflation.
  • This is the second month of negative price growth since 2009.
  • The average of the three core inflation measures sat at 1.7 per cent last month, 0.3 per cent below the Banks 2.0 per cent target.

Australian Used Car Prices Bounce Back Despite COVID-19: New Datium Insights-Moody’s Analytics Index

Retrieved on: 
Wednesday, June 17, 2020
Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20200616006070/en/
    A new index launched by Moodys Analytics in collaboration with Datium Insights reveals that Australian wholesale used-vehicle prices increased by 10.6% from April to May of this year.
  • Moodys Analytics developed the index by using used-vehicle transaction data from Datium Insights to track the average prices of used vehicles in Australia.
  • The Datium Insights-Moodys Analytics Used Vehicle Price Index differs from the motor-vehicle Consumer Price Index produced by the Australian Bureau of Statistics by focusing on sale prices of vehicles rather than the utility derived by consumers from the prices paid.
  • Learn more about the Datium Insights-Moodys Analytics Used Vehicle Price Index methodology , and associated analysis of recent trends.

Inflation measurement in times of economic distress

Retrieved on: 
Friday, May 15, 2020

Prepared by Omiros Kouvavas, Riccardo Trezzi, Bernhard Goldhammer, and Jakob Nordeman Published as part of theECB Economic Bulletin, Issue 3/2020.

Key Points: 
  • Prepared by Omiros Kouvavas, Riccardo Trezzi, Bernhard Goldhammer, and Jakob Nordeman Published as part of theECB Economic Bulletin, Issue 3/2020.
  • This reflects the indexs purpose of measuring pure price changes without accounting for adjustments in consumption patterns.
  • In times of sharp economic contraction such as those triggered now by the coronavirus (COVID-19) pandemic, such adjustments can occur over shorter horizons.
  • This box explains inflation measurement issues both in the context of general economic downturns and in the current situation triggered by the COVID-19 shock.
  • The extent to which consumers will adjust their consumption patterns in response to the COVID-19 crisis is surrounded by considerable uncertainty.
  • Its inflation numbers therefore tend to be higher than the increase in total household expenditure inflation, as households practise substitution, opting for less expensive items.
  • Past episodes of economic distress provide evidence for changes in consumption weights.
  • [6] At the current juncture, household consumption is affected by supply-side constraints, such as closure of retailers or scarcity of products on the shelves.
  • High-frequency data suggests that the expenditure changes triggered by the current crisis might imply weights for individual categories outside the historical boundaries.
  • Having said this, the actual household consumption profile for the current year remains underpinned by a high degree of uncertainty.
  • [8] Chart B Heterogeneity of euro area HICP items inflation rates

Reonomy Launches Reonomy Research, Including Proprietary Reports and Reonomy Price Index (RPI) Series

Retrieved on: 
Tuesday, April 14, 2020

Reonomy Research will also include the Reonomy Price Index (RPI) Series, a value-weighted commercial property price index series based on recorded sales transactions.

Key Points: 
  • Reonomy Research will also include the Reonomy Price Index (RPI) Series, a value-weighted commercial property price index series based on recorded sales transactions.
  • Indices within the RPI Series are subdivided by geography (metropolitan statistical area, state, region, national) and commercial property type (multifamily, office, industrial, retail, hospitality, land).
  • Each index will track the monthly change in recorded sales price for these property types and provide a complete look at any given market, in any given location.
  • Reonomy Research and the RPI Series makes impactful use of the trove of CRE industry data that we have amassed at Reonomy and will significantly increase transparency in the industry."

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages CPI Aerostructures (CVU) Investors Who Suffered Losses to Contact Its Attorneys: Important Deadlines Approaching

Retrieved on: 
Tuesday, March 10, 2020

in the Companys billing process, which inflated the Companys reported revenue and income before provision for income taxes, net income, and EPS.

Key Points: 
  • in the Companys billing process, which inflated the Companys reported revenue and income before provision for income taxes, net income, and EPS.
  • The Company also disclosed that, contrary to prior representations, CPI Aero maintained ineffective internal control over financial reporting for 2018.
  • Were focused on recovering investors losses and proving that CPI Aerostructures admitted accounting errors were intentional, said Reed Kathrein, the Hagens Berman partner leading the investigation.
  • Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys.

Glancy Prongay & Murray LLP Announces the Filing of a Securities Class Action on Behalf of CPI Aerostructures, Inc. (CVU) Investors

Retrieved on: 
Tuesday, February 25, 2020

Glancy Prongay & Murray LLP (GPM), a national investors rights law firm, announces that a class action lawsuit has been filed on behalf of investors that purchased CPI Aerostructures, Inc. (CPI or the Company) (NYSE: CVU ) securities between May 15, 2018 and February 14, 2020, inclusive (the Class Period).

Key Points: 
  • Glancy Prongay & Murray LLP (GPM), a national investors rights law firm, announces that a class action lawsuit has been filed on behalf of investors that purchased CPI Aerostructures, Inc. (CPI or the Company) (NYSE: CVU ) securities between May 15, 2018 and February 14, 2020, inclusive (the Class Period).
  • CPI investors have until April 24, 2020 to file a lead plaintiff motion.
  • On this news, CPIs share price fell 8.5% to close at $6.34 per share on February 8, 2019, thereby injuring investors.
  • If you purchased CPI securities during the Class Period, you may move the Court no later than April 24, 2020 to ask the Court to appoint you as lead plaintiff.

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages CPI Aero (CVU) Investors Who Suffered Losses to Contact Its Attorneys, CPI Aero Admits Improper Accounting

Retrieved on: 
Tuesday, February 18, 2020

In past quarters, CPI Aero has promoted its streak of posting profits and revenue growth, attributing the superior financial results to strong operational execution.

Key Points: 
  • In past quarters, CPI Aero has promoted its streak of posting profits and revenue growth, attributing the superior financial results to strong operational execution.
  • But on Feb. 8, 2019, CPI Aero disclosed that its Q3 2018 financial statements could no longer be relied upon due to an error .
  • The Company also disclosed that, contrary to prior representations, CPI Aero maintained ineffective internal control over financial reporting for 2018.
  • Were focused on recovering investors losses and determining whether CPI Aeros admitted accounting errors were intentional, said Reed Kathrein, the Hagens Berman partner leading the investigation.