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Deepening the cost of living crisis, UK consumer price inflation accelerated further in July to the highest since 1982 on surging food and fuel prices, adding pressure on the Bank of England to tighten the policy again despite the looming recession. Consumer price inflation rose to 10.1 percent in July from 9.4 percent in June, the latest data from the Office for National Statistics showed on Wednesday.

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The wage price index in Australia was up 2.6 percent on year in the second quarter of 2022, the Australian Bureau of Statistics said on Wednesday.

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Japan posted a merchandise trade deficit of 1,436.8 billion yen in July, the Ministry of Finance said on Wednesday.

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Policymakers of the Reserve Bank of Australia said more interest rate hikes will be needed in the process of normalizing monetary policy over the months ahead, the minutes of the meeting held on August 2 showed Tuesday.

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New York manufacturing activity has unexpectedly seen a substantial contraction in the month of August, according to a report released by the Federal Reserve Bank of New York on Monday. The New York Fed said its general business conditions index plummeted to a negative 31.3 in August from a positive 11.1 in July.

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