In July, consumer prices rose 0.2 percent from June, as economists forecasted, and grew by 2.7 percent year on year.
Tag: inflation
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
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SHOCKING U.S. INFLATION WARNING PROJECTION. (6-12 MONTHS OUT). THE 4 THINGS YOU NEED TO DO NOW.
Inflation/currency devaluation here in the US is picking up momentum RAPIDLY. Moreover, there is not a single roadblock being put up to slow it down.
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U.S. INFLATION ROSE AGAIN IN JUNE
In June, consumer prices ticked up 0.3 percent from May and rose at a 2.6-percent annual rate, according to the Personal Consumption Expenditures Price Index, the U.S. Federal Reserve’s preferred measure of inflation.
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LUXURY BRANDS SLOW PRICE HIKES AS CUSTOMERS BALK
After years of raising prices far higher and faster than the rate of inflation, luxury brands are slowing their increases as a key customer group cuts purchases.
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ECB HOLDS INTEREST RATES FIRM AS A BULWARK AGAINST TARIFF UNCERTAINTY
On 24 July, the European Central Bank (ECB) decided to hold its key policy rate at 2 percent after reducing it eight times in a row over the past 13 months.
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U.S. BUSINESS ACTIVITY SLOWS IN JUNE AS PRICES CLIMB
U.S. activity in manufacturing and services slowed slightly this month as factories’ cost of materials and prices for finished products rose to their highest level since July 2022.
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ECB SAYS LATEST RATE CUT WILL HOLD INFLATION AT THE RIGHT LEVEL
The European Central Bank’s (ECB’s) 5 June quarter-point interest rate cut brings its policy rate to a flat 2 percent. The reduction will ensure that inflation does not slip below the bank’s target rate of 2 percent, ECB chief economist Philip Lane said in a speech at a financial conference last week.
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INFLATION TICKS UP IN MAY
Last month, the U.S. inflation rate edged up to 2.4 percent after marking 2.3 percent in April, the Bureau of Labor Statistics reported.
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AS INFLATION EASES, INDIA SURPRISE WITH A HALF-POINT RATE CUT
In April, inflation in India ran at an annual rate of 3.2 percent, the slowest in almost six years, as food prices rose at a slower pace.