Why falling inflation masks some nasty surprises
1 year, 7 months ago

Why falling inflation masks some nasty surprises

The Independent  

Well, we’re finally out of double figures. The headline Consumer Prices Index rate of inflation for April came in at 8.7 per cent against 10.1 per cent in March. It’s a steep fall, but a lot less steep than most had hoped or expected; a Reuters poll of economists predicted 8.2 per cent, while the Bank of England’s more conservative forecast was 8.4 per cent. Food prices are picking up the slack, remaining stubbornly high; the official figure came in at 19.1 per cent, barely changed on the previous month’s 19.2 per cent despite the fuss supermarkets have been making about cutting the price of some essentials. Jeremy Hunt said: “The IMF said yesterday we’ve acted decisively to tackle inflation but, although it is positive that it is now in single digits, food prices are still rising too fast… we must stick resolutely to the plan to get inflation down.” That plan is now going to involve more pain because numbers like this are creating pain for the Treasury.

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History of this topic

Where inflation accelerated in November – and where it eased
6 days, 3 hours ago

Where inflation accelerated in November – and where it eased

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Some products swung the other way last month, from …

Inflation rises AGAIN to its highest level since March: Price rises hit 2.6 per cent driven by spikes in the cost of petrol and fags to increase pressure on Chancellor Rachel Reeves
Trending News
6 days, 10 hours ago

Inflation rises AGAIN to its highest level since March: Price rises hit 2.6 per cent driven by spikes in the cost of petrol and fags to increase pressure on Chancellor Rachel Reeves

Daily Mail  

Inflation rose for the second month in a row in November, hitting 2.6 per cent to further increase pressure on Labour Chancellor Rachel Reeves over her Budget's impact on the country. Spikes in petrol and tobacco prices drove CPI to 2.6 per cent, up from 2.3 per cent in October, the Office for National Statistics said. Ms Reeves said: 'I …

Inflation heated up last month as consumer prices rose 2.7%, underscoring the slog ahead
1 week, 6 days ago

Inflation heated up last month as consumer prices rose 2.7%, underscoring the slog ahead

CNN  

CNN — Inflation heated back up again in November, but it likely wasn’t bad enough to keep the Federal Reserve from cutting rates next week. “We have some PTSD around egg prices from the pandemic and certainly lingering avian flu outbreaks; but those prices being up almost 40% year over year certainly is another thing people will look at in …

Inflation behaving more like a magician who tricks you again and again
1 month ago

Inflation behaving more like a magician who tricks you again and again

New Indian Express  

The main culprit is food inflation, which jumped to 10.87%, largely led by vegetable prices that rose by a staggering 42.18% in October. As Deputy governor Michael Patra noted, inflation will likely encounter a hump in the near months largely due to an adverse base and one-off shocks to prices of vegetables, edible oils and gram. The fact that inflation …

Why has inflation slowed and what does it mean for households?
2 months, 1 week ago

Why has inflation slowed and what does it mean for households?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. It was the lowest reading since April 2021 and …

Federal Reserve’s favored inflation gauge shows price pressures easing as rate cuts near
3 months, 3 weeks ago

Federal Reserve’s favored inflation gauge shows price pressures easing as rate cuts near

LA Times  

An inflation measure closely tracked by the Federal Reserve remained low last month, extending a trend of cooling price increases that clears the way for the Fed to start cutting its key interest rate next month for the first time in 4 1/2 years. In a high-profile speech last week, Fed Chair Jerome H. Powell attributed the inflation surge that …

Inflation rises to 2.2% for first time this year in blow to interest rate cut next month
4 months, 1 week ago

Inflation rises to 2.2% for first time this year in blow to interest rate cut next month

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. However, despite the smaller than …

U.S. inflation slowed again in July, clearing the way for the Fed to begin cutting rates
4 months, 1 week ago

U.S. inflation slowed again in July, clearing the way for the Fed to begin cutting rates

LA Times  

A sale sign is displayed on a store clothes rack. Wednesday’s report from the Labor Department showed that consumer prices rose just 0.2% from June to July after dropping slightly the previous month for the first time in four years. At a news conference last month, Powell said that cooler inflation data this spring had strengthened the Fed’s confidence that …

Why headline inflation numbers are masking the confronting financial reality facing many households
4 months, 2 weeks ago

Why headline inflation numbers are masking the confronting financial reality facing many households

ABC  

There won't be protest marches in the streets when the Reserve Bank of Australia makes its next decision on interest rates. In the lead-up to Wednesday's inflation reading for the June quarter, there was speculation that if it came in hot, above 4 per cent, a rate rise would be on the cards. In the end, the "headline" annual rate …

‘Taylor Swift effect’ stops inflation dropping below 2% as calls grow for rate cut
5 months, 1 week ago

‘Taylor Swift effect’ stops inflation dropping below 2% as calls grow for rate cut

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The rate of Consumer Prices Index inflation remained unchanged …

Federal Reserve’s preferred inflation gauge shows price pressures easing further
5 months, 3 weeks ago

Federal Reserve’s preferred inflation gauge shows price pressures easing further

Associated Press  

WASHINGTON — A measure of prices that is closely tracked by the Federal Reserve suggests that inflation pressures in the U.S. economy are continuing to ease. Excluding volatile food and energy prices, so-called core inflation rose 0.1% from April to May, the smallest increase since the spring of 2020, when the pandemic erupted and shut down the economy. The presumptive …

Federal Reserve sees some progress on inflation but envisions just one rate cut this year
6 months, 1 week ago

Federal Reserve sees some progress on inflation but envisions just one rate cut this year

Associated Press  

WASHINGTON — Federal Reserve officials said Wednesday that inflation has fallen further toward their target level in recent months but signaled that they expect to cut their benchmark interest rate just once this year. The policymakers’ forecast for one rate cut was down from their previous projection of three cuts, because inflation, despite having cooled in the past two months, …

An inflation gauge closely tracked by the Federal Reserve rises at slowest pace this year
6 months, 3 weeks ago

An inflation gauge closely tracked by the Federal Reserve rises at slowest pace this year

LA Times  

A price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that inflation may be easing after running high in the first three months of this year. Inflation fell sharply in the second half of last year before sticking well above the Fed’s 2% target in the first few months of 2024. Friday’s report also showed …

Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause
6 months, 3 weeks ago

Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause

Associated Press  

WASHINGTON — Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks by Fed officials underscoring their intention to keep borrowing costs high as long as needed to curb persistently elevated inflation. But with inflation remaining stubbornly above the Fed’s target level, Wall Street traders now expect just one rate …

Inflation unexpectedly rises to 3.5% - plunging Dow Jones down 450 points and all but ruling out a summer cut to interest rates
8 months, 2 weeks ago

Inflation unexpectedly rises to 3.5% - plunging Dow Jones down 450 points and all but ruling out a summer cut to interest rates

Daily Mail  

Inflation rose to 3.5 percent in March as prices were pushed up by the high cost of housing and gas. The hotter-than-expected data caused stocks to tumble amid fears it could delay the Federal Reserve's timeline for cutting interest rates which are already at a 23-year-high. Inflation rose to 3.5 percent in March as prices were pushed up by the …

What does the steep fall in inflation mean for UK households?
9 months ago

What does the steep fall in inflation mean for UK households?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Cash-strapped households have been given …

European inflation eases to 2.6% as energy prices fall and food inflation slows
9 months, 3 weeks ago

European inflation eases to 2.6% as energy prices fall and food inflation slows

Associated Press  

FRANKFURT, Germany — The inflation that has ravaged the European economy eased again in February, falling to 2.6% as high interest rates, moderating oil and gas prices, and sluggish growth held back price increases in stores. The figure, closely watched by the European Central Bank as a measure of underlying inflation pressure in the economy, came in at 3.1%, down …

What kept prices rising faster than expected in January? Stubborn inflation causes Dow to dive 700 points - here are the items that rose (and fell) the most over the past year
10 months, 1 week ago

What kept prices rising faster than expected in January? Stubborn inflation causes Dow to dive 700 points - here are the items that rose (and fell) the most over the past year

Daily Mail  

Annual inflation was 3.1 percent in January - above the 2.9 percent figure predicted by economists and investors. Annual inflation was 3.1 percent in January, which was a decrease from 3.4 percent in December but still 0.2 percent higher than expected The inflation figure plays a big part in the whether the Federal Reserve will cut interest rates soon rather …

Federal Reserve’s favored inflation gauge tumbles in November as prices continue to ease
1 year ago

Federal Reserve’s favored inflation gauge tumbles in November as prices continue to ease

LA Times  

The Federal Reserve’s favored inflation gauge shows somewhat more progress against inflation in November than economists had expected. The Federal Reserve’s preferred measure of prices fell last month, another sign that inflation is easing and that Americans should benefit from lower costs and reduced interest rates in 2024. Friday’s report from the Commerce Department showed that U.S. consumer prices slid …

What rising inflation means for you: CPI increases to a six-month high - what happens next?
1 year, 4 months ago

What rising inflation means for you: CPI increases to a six-month high - what happens next?

Daily Mail  

Inflation has risen higher than the national target, meaning consumers pay more Inflation rose above the Bank of England's 2 per cent target in October, reaching a six-month high. The bigger-than-expected rise in the headline inflation rate to 2.3 per cent coincided with another increase in core inflation, which has continued to run hot. Julian Jessop, economics fellow at the …

Inflation shock as Jeremy Hunt expects prices to go back up again
1 year, 4 months ago

Inflation shock as Jeremy Hunt expects prices to go back up again

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Bank of England governor Andrew …

RBI Monetary Policy: FY24 Inflation Forecast Raised To 5.4 Per Cent On Higher Vegetable Prices
1 year, 4 months ago

RBI Monetary Policy: FY24 Inflation Forecast Raised To 5.4 Per Cent On Higher Vegetable Prices

ABP News  

Reserve Bank of India Governor Shaktikanta Das on Thursday during his address on the Monetary Policy Committee's said that the rate setting panel has made an upward revision to its inflation forecast for 2023-24, raising it by 30 basis points to 5.4 per cent. Driving the full-year inflation forecast hike was that for the second quarter, which is now seen …

An inflation gauge tracked by the Federal Reserve falls to its lowest point in 2 years
1 year, 5 months ago

An inflation gauge tracked by the Federal Reserve falls to its lowest point in 2 years

Associated Press  

WASHINGTON — An inflation index that is closely monitored by the Federal Reserve tumbled last month to its lowest level since April 2021, pulled down by lower gas prices and slower-rising food costs. Still, last month’s progress in easing overall inflation was tempered by an elevated reading of “core” prices, a category that excludes volatile food and energy costs. From …

Inflation falls sharply on tumbling fuel costs, and may allow RBA to hold off on an interest rate rise
1 year, 5 months ago

Inflation falls sharply on tumbling fuel costs, and may allow RBA to hold off on an interest rate rise

ABC  

The latest monthly consumer price indicator shows inflation fell sharply to 5.6 per cent over the 12 months to May, down from 6.8 per cent in April. Key points: The annual rate of inflation slumped from 6.8 per cent in April to 5.6 per cent in May Inflation is still well above the Reserve Bank's 2-3 per cent target Many …

Why inflation is worse than anyone expected – and what comes next
1 year, 6 months ago

Why inflation is worse than anyone expected – and what comes next

The Telegraph  

The Bank of England’s Governor has warned about this. Big changes include airfares - up by almost one-third, though this can be affected by the timing of the Easter holidays - live events, which may have been affected by shows by big stars including Beyonce, and second hand cars, which are less exciting than pop sensations but typically more important …

CPI report: US inflation is coming back down to Earth
1 year, 6 months ago

CPI report: US inflation is coming back down to Earth

CNN  

Minneapolis CNN — US inflation is leaving those sky-high days behind: Consumer prices in May rose at the slowest annual pace since March 2021, according to data released Tuesday by the Bureau of Labor Statistics. “They’ve raised rates for 10 consecutive meetings in a row and the increase is the most and fastest pace in decades, so they want to …

Europe sees inflation drop to 6.1%, but real relief for consumers will take months
1 year, 6 months ago

Europe sees inflation drop to 6.1%, but real relief for consumers will take months

Associated Press  

FRANKFURT, Germany — Europe’s inflation took a positive turn with a significant drop to 6.1%, but prices are still posing a pinch to shoppers who are yet to see real relief in what they pay for food and other necessities. “Otherwise, you sometimes make impulse purchases.” The food bank at Berlin’s St. Wilhelm Roman Catholic Church, meanwhile, has gone from …

A measure of inflation that is closely tracked by the Federal Reserve increased in April
1 year, 6 months ago

A measure of inflation that is closely tracked by the Federal Reserve increased in April

Associated Press  

WASHINGTON — A key index of U.S. prices ticked higher in April, and consumer spending rebounded, a sign that inflationary pressures in the economy remain high. But a vocal group among the Fed’s 18-member interest-rate setting committee has pushed for more rate hikes later this year on the grounds that inflation isn’t slowing quickly enough. Omair Sharif, founder of Inflation …

Inflation measure closely tracked by US Fed rose in April
1 year, 6 months ago

Inflation measure closely tracked by US Fed rose in April

Al Jazeera  

A key index of United States prices ticked higher in April, and consumer spending rebounded, a sign that inflationary pressures in the economy remain high. The index, which is called personal consumption expenditures price index and is closely monitored by the Federal Reserve, showed that prices rose 0.4 percent from March to April. But a vocal group among the Fed’s …

Inflation Momentum Softer Than Anticipated: RBI's State Of The Economy Report
1 year, 7 months ago

Inflation Momentum Softer Than Anticipated: RBI's State Of The Economy Report

ABP News  

The Reserve Bank of India’s State of the Economy report on Monday said that consumer price index-based inflation, which dropped below 5 per cent in April, for the first time since November 2021, demonstrated the central bank’s monetary policy decision. “The CPI inflation print for April 2023 indicates that momentum is turning out to be softer than anticipated on account …

Inflation is dipping, but RBI may not slash rates
1 year, 7 months ago

Inflation is dipping, but RBI may not slash rates

Hindustan Times  

The latest retail inflation print showed the consumer price index slowing to 4.7% year-on-year in April, well within the Reserve Bank of India ’s target band of 2%-6%. While the near-term trajectory of inflation is downward, the medium-term path is unclear as the risk of a disruptive El Niño could put pressure on food prices towards the end of 2023. …

Inflation inches up in Europe ahead of interes rate decision
1 year, 7 months ago

Inflation inches up in Europe ahead of interes rate decision

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

US wholesale inflation pressures eased sharply last month
1 year, 8 months ago

US wholesale inflation pressures eased sharply last month

Associated Press  

WASHINGTON — U.S. wholesale prices fell in March, a sign that inflationary pressures in the economy are easing more than a year after the Federal Reserve began aggressively raising interest rates. But even excluding volatile food and energy prices, so-called core wholesale inflation fell 0.1% in March, the first such drop in nearly three years. Wholesale inflation has come down …

US inflation eases to lowest level in nearly two years
1 year, 8 months ago

US inflation eases to lowest level in nearly two years

Firstpost  

Washington: The consumers have a sigh of relief as U.S. consumer inflation eased in March. Measured from a year earlier, prices were up just 5% in March, down sharply from February’s 6% year-over-year increase and the smallest rise in nearly two years. Price increases in the economy’s vast service sector — ranging from rents and restaurant meals to haircuts and …

Consumer inflation eases to 5.66% in March
1 year, 8 months ago

Consumer inflation eases to 5.66% in March

The Hindu  

India’s retail inflation slid below the 6% mark for the first time in 2023 — and only the third time in the last 15 months — to touch 5.66% in March 2023. Food price inflation, which was 7.7% in March 2022 and 6% in February this year, eased to 4.8% last month, as per data from the National Statistical Office. …

Inflation eased in March but prices are still climbing too fast for comfort
1 year, 8 months ago

Inflation eased in March but prices are still climbing too fast for comfort

NPR  

Inflation eased in March but prices are still climbing too fast for comfort New consumer prices data for March show that inflation has fallen from a four-decade high last summer, but prices are still climbing faster than the Federal Reserve would like. But, you know, prices are still climbing about 2 1/2 times as fast as the Federal Reserve would …

Inflation may have eased in March, but economists are still worried. Here's why
1 year, 8 months ago

Inflation may have eased in March, but economists are still worried. Here's why

India Today  

Consumer inflation likely eased in March and fell below the Reserve Bank of India’s upper tolerance limit of 6 per cent, but economists fear that the favourable trend won’t last long. Economists polled by news agency Reuters said softer food prices may have eased inflation in March to 5.80 per cent, significantly lower than 6.44 per cent in February. Meanwhile, …

A key inflation gauge tracked by the Fed slowed in February
1 year, 8 months ago

A key inflation gauge tracked by the Fed slowed in February

Associated Press  

WASHINGTON — The Federal Reserve’s favored inflation gauge slowed sharply last month, an encouraging sign in the Fed’s yearlong effort to cool price pressures through steadily higher interest rates. Friday’s report from the Commerce Department showed that consumer prices rose 0.3% from January to February, down from a 0.6% increase from December to January. “Eggs started to skyrocket, meat’s gone …

Inflation expected to come down over the year: RBI MPC member Ashima Goyal
1 year, 9 months ago

Inflation expected to come down over the year: RBI MPC member Ashima Goyal

Deccan Chronicle  

New Delhi: Inflation is expected to come down over the year, RBI Monetary Policy Committee member Ashima Goyal said on Sunday, asserting that the government's supply-side action coordinated with a flexible inflation-targeting regime has kept the rate of price rise lower than that in other countries. "Since nominal policy rates rise with inflation to maintain an expected real positive rate …

Bank policymaker says pausing interest rate rises ‘risks worst of both worlds’
1 year, 10 months ago

Bank policymaker says pausing interest rate rises ‘risks worst of both worlds’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A Bank of England policymaker …

‘Must stick to plan to bring down nightmare inflation,’ says UK finance minister Jeremy Hunt
1 year, 11 months ago

‘Must stick to plan to bring down nightmare inflation,’ says UK finance minister Jeremy Hunt

Firstpost  

Inflation in the United Kingdom eased slightly last month after hitting a 41-year high in October, providing some relief to the Bank of England. The pressure on households, however, remained intense as food and drink prices climbed at the fastest pace since 1977, according to government data London: British finance minister Jeremy Hunt on Wednesday indicated that the UK government …

An inflation gauge tracked by the Fed slows to still-high 6%
2 years ago

An inflation gauge tracked by the Fed slows to still-high 6%

Associated Press  

WASHINGTON — A measure of inflation that is closely monitored by the Federal Reserve eased but remained at an elevated level in October, likely reinforcing the Fed’s intent to keep raising interest rates to cool the economy and slow the acceleration of prices. The report also showed that consumers spent more in October, even after adjusting for inflation, a sign …

Make no mistake, the government shares in the responsibility for sky-high inflation
2 years, 1 month ago

Make no mistake, the government shares in the responsibility for sky-high inflation

The Independent  

Rising inflation is still haunting Britain. The latest update from the Office for National Statistics showed consumer price inflation shot up to 11.1 per cent for the 12 months to October. The cost of food and non-alcoholic beverages rose by 16.2 per cent in the year to October, the highest rise since 1977. Well, “core” inflation, excluding those volatile food …

Inflation hits new record high of 10.7% in Europe, slowing economy
2 years, 1 month ago

Inflation hits new record high of 10.7% in Europe, slowing economy

India TV News  

Highlights Natural gas prices skyrocketed in the wake Russia's invasion of Ukraine A survey of professional forecasts showed expectations for inflation next year rose to 5.8 per cent The economy had showed growth of 0.2 per cent in the July-September quarter Inflation hit a new record in the 19 countries that use the euro currency, fuelled by out-of-control prices for …

Column: You may not have noticed yet, but inflation has started to come down
2 years, 5 months ago

Column: You may not have noticed yet, but inflation has started to come down

LA Times  

For fans of code-breaking, Thursday morning’s Wall Street Journal home page provided plenty of material to perplex and entertain. That hasn’t been too visible in the most recent data releases from the Bureau of Labor Statistics but may become evident with the agency’s next report on the consumer price index, due July 13. It’s proper to stipulate that even as …

Key inflation gauge slowed to still-high 6.3% over past year
2 years, 6 months ago

Key inflation gauge slowed to still-high 6.3% over past year

Associated Press  

An inflation gauge closely tracked by the Federal Reserve rose 6.3% in April from a year earlier, the first slowdown since November 2020 and a sign that high prices may finally be moderating, at least for now. The report also showed that consumer spending rose at a healthy 0.9% annual rate from March to April, outpacing the month-to-month inflation rate …

The Fed’s favorite inflation measure fell in April, but prices are still uncomfortably high
2 years, 6 months ago

The Fed’s favorite inflation measure fell in April, but prices are still uncomfortably high

CNN  

New York CNN Business — Another key tracker of consumer prices took a breather in April, following in the footsteps of inflation indexes released earlier this month. President Joe Biden called the data a “sign of progress,” but noted that “inflation is still too high and Putin’s price hike continues to impact food and energy prices. Stripping out more volatile …

‘Rate increases may not cool price gains driven by war’
2 years, 7 months ago

‘Rate increases may not cool price gains driven by war’

The Hindu  

The Reserve Bank of India’s interest rate increases may not be able to ‘meaningfully’ cool prices while sacrificing growth, as almost three-fifths of the spike in India’s retail inflation since February can be linked to the Ukraine-Russia conflict, SBI’s economic researchers wrote in a report on Monday. “In a situation of incipient demand recovery post COVID, the question will be …

Economists predict that inflation will jump to 9% this week
2 years, 7 months ago

Economists predict that inflation will jump to 9% this week

Daily Mail  

Economists predict that inflation will jump to 9 per cent this week as the cost of living continues to rise for households. April's inflation figures will be released on Wednesday, with forecasts pointing towards a significant increase on March's 7 per cent rate. Worry: The Government has been criticised for failing to do more to help ease the cost of …

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