Dossier
oil costs
Coverage of oil costs in the Nexus archive.
- Bank of England holds rates amid volatile energy prices
The Bank of England has decided to hold interest rates amid fluctuating energy prices. Most rate-setters indicated they are prepared to adjust rates in response to changes in oil and gas costs.
- China’s factory price jump contrasts with muted consumer inflation
China’s factory gate prices rose by 3.9% year-on-year in May, exceeding forecasts, driven by higher oil costs from the war in Iran. Consumer prices increased by 1.2%, unchanged from April and below expectations, highlighting a divergence between producer and consumer inflation.