U.S. consumer prices grew by 3.4 percent in December, the Labor Department reported, surpassing November’s 3.1 percent and beating economists’ forecasts of 3.2 percent.
2295 search results for: inflation
Post
EUROZONE’S INFLATION ACCELERATED AT YEAR END
Inflation across the 20 countries sharing the euro currency sped up to 2.9 percent in December, year on year, after notching 2.4 percent in November.
Post
EVERYONE FEELS PAIN OF INFLATION BUT NOT EQUALLY
Because low-income households spend a greater share of their incomes on necessities, their actual rate of inflation has been greater than middle- and upper-income earners, CNBC reported.
Post
INFLATION, RETAIL SALES IN U.K. KEEP SLOWING DOWN
In October, sharply lower energy prices dropped Britain’s inflation rate to 4.6 percent, the slowest since October 2021, after running at 6.7 percent in September.
Post
U.K. GROCERY INFLATION FALLS TO SINGLE DIGITS FOR FIRST TIME IN 18 MONTHS
Inflation in British grocery prices fell to 9.7 percent in the four weeks ending 29 October, the first time monthly food price gains have been limited to single digits since July 2022, research service Kantar reported.
Post
FED NOT READY TO DECLARE VICTORY OVER INFLATION, POWELL SAYS
U.S. inflation is not yet tamed and the U.S. Federal Reserve is more likely to raise interest rates than cut them if any change is needed, Fed chair Jerome Powell said in a 9 November speech to a conference of the International Monetary Fund.
Post
U.K. INFLATION REFUSES TO YIELD
In September, Britain’s annual inflation rate held at 6.7 percent, the same as August, as rising fuel prices offset lower food costs.
Post
INFLATION LARGELY UNCHANGED IN SEPTEMBER
Consumer prices grew by 0.4 percent in September from August and 3.7 percent on the year, the U.S. Labor Department reported. Dow Jones had estimated 0.3 and 3.6 percent, respectively.
Post
EUROZONE INFLATION SLOWEST IN TWO YEARS
In September, inflation among the 20-nation Eurozone fell to an annual rate of 4.3 percent, its slowest in two years, and beat analysts’ forecasts of 4.5 percent.
Post
INFLATION ASSAULTS COMMODITIES
In 2021, Liontown Resources had budgeted $300 million for its new Australian lithium mine. The budget now is twice that.