Inflation jumps AGAIN to 7.9% as US continues to suffer worst price hikes since 1982
2 years, 9 months ago

Inflation jumps AGAIN to 7.9% as US continues to suffer worst price hikes since 1982

Daily Mail  

President Joe Biden raised eyebrows after blaming soaring US inflation on Vladimir Putin, after the consumer price index hit another 40-year high of 7.9 percent in February. 'A large contributor to inflation this month was an increase in gas and energy prices as markets reacted to Putin's aggressive actions,' said Biden. President Joe Biden has blamed soaring inflation on Vladimir Putin, after the consumer price index hit another 40-year high Biden's full statement on February inflation 'Today’s economic data tells the tale of two recoveries. Grocery prices are now up 8.6% from last year, with the price of meat rising 14%, flour up 11.6%, and eggs higher by 11.4% Above shows a chart for US crude oil imports, which excludes other petroleum products The president pointed out during his speech that the US produced more oil during his first year in office than during Donald Trump's first year in 2017 What does 'energy independence' mean?

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History of this topic

Where inflation accelerated in November – and where it eased
5 days, 23 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 …

US inflation rises 2.7% YoY in November, logs highest gain in seven months; Wall Street awaits US Fed verdict
1 week, 5 days ago

US inflation rises 2.7% YoY in November, logs highest gain in seven months; Wall Street awaits US Fed verdict

Live Mint  

US Inflation Report November 2024: US inflation accelerated for a second straight month in November 2024, reporting the steepest gain in the last seven months amid higher food prices and other sectors. US Inflation Report November 2024: Key Metrics The CPI rose 0.3 per cent last month, the largest gain since April after advancing 0.2 per cent for four straight …

US inflation ticked up last month as some price pressures remain persistent
Trending News
1 week, 6 days ago

US inflation ticked up last month as some price pressures remain persistent

Associated Press  

WASHINGTON — Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated. Though inflation is now way below its peak of 9.1% in June 2022, average prices are still about 20% higher than they were three years ago — a major …

U.S. inflation ticked up last month as some price pressures persist
1 week, 6 days ago

U.S. inflation ticked up last month as some price pressures persist

LA Times  

Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated. Though inflation is now way below its peak of 9.1% in June 2022, average prices are still about 20% higher than they were three years ago — a major source of …

US Dollar rises to near 7-month high as inflation data hints Fed’s rate cuts strategy
1 month, 1 week ago

US Dollar rises to near 7-month high as inflation data hints Fed’s rate cuts strategy

Live Mint  

The United States dollar rose to nearly a seven-month high against major currencies on Wednesday, November 13, after the U.S. inflation data for October showed an increase, in line with market expectations and hinted that the Federal Reserve would keep cutting rates, reported the news agency Reuters. The US dollar rose to its highest level since April 16, fueled by …

US inflation may have picked up in October after months of easing
Trending News
1 month, 1 week ago

US inflation may have picked up in October after months of easing

Associated Press  

WASHINGTON — Annual inflation may have risen in October for the first time in seven months, a sign that price increases might be leveling off after steadily cooling for more than two years. From September to October, core prices are expected to have risen 0.3% for a third straight month — a pace that, if sustained, would exceed the Federal …

Fed up with high prices? Here's where things stand with inflation
1 month, 1 week ago

Fed up with high prices? Here's where things stand with inflation

NPR  

Fed up with high prices? Here's where things stand with inflation toggle caption Justin Sullivan/Getty Images By the numbers, inflation in America continues in the same direction: Easing largely — but still sticky. "We both make decent wages, but with the way that inflation has increased, it's like our dollar just doesn't go as far," says Spangler, who helps manage …

Inflation hit a bump in October after slowing for six straight months
1 month, 1 week ago

Inflation hit a bump in October after slowing for six straight months

CNN  

CNN — The annual rate of inflation moved higher last month for the first time since March, as expected — but economists say the underlying trend remains favorable for another round of interest rate cuts. Consumer prices rose 0.2% last month and were up 2.6% from the year before, according to the latest Consumer Price Index data released Wednesday by …

U.S. inflation rose slightly last month after 2 years of steady cooling but remained low
1 month, 1 week ago

U.S. inflation rose slightly last month after 2 years of steady cooling but remained low

LA Times  

Inflation in the United States ticked up in October, driven by costlier rents, used cars and air fares, a sign that price increases might be leveling off after having slowed in September to their lowest pace since 2021. Consumer inflation, which peaked at 9.1% in 2022, has since fallen steadily, though overall prices are still about 20% higher than they …

US inflation falls to 2.5% in August, reaches 3-year low as Federal Reserve set to cut interest rates
3 months, 1 week ago

US inflation falls to 2.5% in August, reaches 3-year low as Federal Reserve set to cut interest rates

Hindustan Times  

The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates next week. Excluding volatile food and energy costs, so-called core prices rose 3.2% in August from a year ago, the same as in July. A key reason for last month's drop …

U.S. inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates
3 months, 1 week ago

U.S. inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates

LA Times  

Wednesday’s report from the Labor Department showed that consumer prices rose 2.5% in August from a year earlier, down from 2.9% in July. The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates next week. Excluding volatile food and energy costs, …

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 …

US inflation cooled in May in a sign that price pressures may be easing
6 months, 1 week ago

US inflation cooled in May in a sign that price pressures may be easing

Associated Press  

WASHINGTON — Inflation in the United States eased in May for a second straight month, a hopeful sign that an acceleration of prices that occurred early this year may have passed. Consumer prices excluding volatile food and energy costs — the closely watched “core” index — rose 0.2% from April to May, the government said Wednesday. Fed officials, who will …

US gas prices are falling. Experts point to mild demand at the pump ahead of summer travel
6 months, 1 week ago

US gas prices are falling. Experts point to mild demand at the pump ahead of summer travel

Associated Press  

NEW YORK — Gas prices are once again on the decline across the U.S., bringing some relief to drivers now paying a little less to fill up their tanks. Beyond pandemic-specific impacts, experts note that high gas prices seen following Russia’s invasion of Ukraine in 2022 and persistent inflation may have led many Americans to modify their driving habits. That’s …

US inflation eased last month in the first slowdown of 2024
7 months, 1 week ago

US inflation eased last month in the first slowdown of 2024

Associated Press  

WASHINGTON — Led by lower food and auto prices, inflation in the United States cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials at the Federal Reserve as well as President Joe Biden’s re-election team. Instead, he stressed that the Fed’s policymakers need “greater confidence” that inflation is falling to their 2% …

How the rate of inflation has changed for everyday items
8 months, 1 week ago

How the rate of inflation has changed for everyday items

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 Inflation fell to a fresh …

An inflation gauge closely tracked by the Federal Reserve shows price pressures easing gradually
8 months, 3 weeks ago

An inflation gauge closely tracked by the Federal Reserve shows price pressures easing gradually

Associated Press  

WASHINGTON — A measure of inflation that is closely tracked by the Federal Reserve slipped last month in a sign that price pressures continue to ease. The government reported Friday that prices rose 0.3% from January to February, decelerating from a 0.4% increase the previous month in a potentially encouraging trend for President Joe Biden’s re-election bid. Excluding volatile food …

Gas inflation is back! Prices at the pump surge to $3.47 a gallon but costs vary by as much as $30 a tank between states - here are where motorists are worst-hit
9 months ago

Gas inflation is back! Prices at the pump surge to $3.47 a gallon but costs vary by as much as $30 a tank between states - here are where motorists are worst-hit

Daily Mail  

Costs have been pushed up by recent drone attacks on Russian oil refineries Gas prices are up year-on-year for the first time in 2024, experts said Motorists are facing an average of $52 to fill up a tank of gas, new figures show Motorists are facing an average of $52 to fill up a tank of gas after prices at …

Surprise rise in inflation to 3.2% driven by soaring gas prices - with fears cost to fill up a car will keep rising and hamper Biden's plan to cut inflation in election year
9 months, 1 week ago

Surprise rise in inflation to 3.2% driven by soaring gas prices - with fears cost to fill up a car will keep rising and hamper Biden's plan to cut inflation in election year

Daily Mail  

President Biden today welcomed new inflation data despite it showing costs have risen 3.2 percent in the last year. Pictured: during a speech at a YMCA March 11, 2024 Inflation rose slightly to 3.2 percent in February as prices were pushed up by housing costs and gas The inflation figure plays a big part in the whether the Federal Reserve …

What do rising gas prices mean for the future of US inflation? Here's what experts have to say
9 months, 1 week ago

What do rising gas prices mean for the future of US inflation? Here's what experts have to say

Hindustan Times  

A stubborn increase in gasoline prices would most likely have augmented inflation in the US to this level in February and even more so, which would favour the Fed's deliberation over adjusting the interest rate downwards. A 4% surge in February affects US inflation outlook The Fed members’ tune started changing for the better in January, when the publication of …

Oil prices slip amid interest rate outlook; Brent crude at $81.42/bbl
9 months, 3 weeks ago

Oil prices slip amid interest rate outlook; Brent crude at $81.42/bbl

Live Mint  

Oil prices experienced a slight decline amid speculation that unexpectedly robust inflation figures might postpone reductions in high interest rates, which have been restraining global fuel demand growth. Brent crude futures saw a decrease of 20 cents, marking a 0.3% drop to $81.42 per barrel by 1415 GMT. This downward trend follows last week's losses, with Brent experiencing a decline …

How inflation has hit your shopping basket
10 months, 1 week ago

How inflation has hit your shopping basket

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. A slowing of inflation among many everyday food and drink items, including cheese and …

Inflation slows but remains elevated, a sign price pressures are easing only gradually
10 months, 1 week ago

Inflation slows but remains elevated, a sign price pressures are easing only gradually

LA Times  

U.S. consumer prices rose more than expected in January, further reducing the chances that Federal Reserve officials will start lowering interest rates soon. At his most recent news conference, Fed Chair Jerome H. Powell singled out persistently high services prices as a concern and indicated the central bank’s policymakers would like to see services inflation ease further before starting to …

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 …

Wholesale inflation in US slowed further last month, signaling that price pressures continue to ease
1 year ago

Wholesale inflation in US slowed further last month, signaling that price pressures continue to ease

Associated Press  

Wholesale inflation in the United States was unchanged in November, suggesting that price increases in the economy’s pipeline are continuing to gradually ease. The Labor Department reported Wednesday that its producer price index — which tracks inflation before it reaches consumers — was flat from October to November after having fallen 0.4% the month before. Excluding volatile food and energy …

How rising prices for restaurants, car repair and other services kept inflation up last month
1 year ago

How rising prices for restaurants, car repair and other services kept inflation up last month

Associated Press  

WASHINGTON — Held down by sinking gas prices, U.S. inflation was mostly unchanged last month. Though they rose 4% last month from a year earlier, according to the November jobs report, that’s down from a peak of nearly 6% nearly two years ago. Though Fed Chair Jerome Powell has expressed optimism about slowing inflation, he said earlier this month that …

Inflation continues to moderate thanks to a big drop in gas prices
1 year ago

Inflation continues to moderate thanks to a big drop in gas prices

NPR  

Inflation continues to moderate thanks to a big drop in gas prices Enlarge this image toggle caption Frederic J. Brown/AFP via Getty Images Frederic J. Brown/AFP via Getty Images Falling gasoline prices helped keep a lid on inflation last month. A big reason for that is cooling gas prices, which dropped by 6% last month, helping to offset the rising …

Oil drops 2.5% on demand worries after rise in US gasoline inventories; Brent crashes to $75/bbl
1 year ago

Oil drops 2.5% on demand worries after rise in US gasoline inventories; Brent crashes to $75/bbl

Live Mint  

Oil prices fell by 2.5 per cent on Wednesday, December 6, as a bigger-than-expected rise in US gasoline inventories worried markets about demand and outweighed a draw in crude stocks. Back home, on the Multi Commodity Exchange, crude oil futures due for a December 18 expiry, was last trading lower by 4.75 per cent at ₹5,791 per bbl, having swung …

The world economy will slow next year because of inflation, high rates and war, OECD says
1 year ago

The world economy will slow next year because of inflation, high rates and war, OECD says

Associated Press  

WASHINGTON — The global economy, which has proved surprisingly resilient this year, is expected to falter next year under the strain of wars, still-elevated inflation and continued high interest rates. China’s “consumption growth will likely remain subdued due to increased precautionary savings, gloomier prospects for employment creation and heightened uncertainty,″ the OECD said. The world economy has endured one shock …

US gas prices have fallen or remained steady for 10 weeks straight. Here’s why
1 year ago

US gas prices have fallen or remained steady for 10 weeks straight. Here’s why

Associated Press  

NEW YORK — It’s not just you. Gas prices have fallen or remained steady since Sep. 19 — marking about a 70-day trajectory of decline, Andrew Gross, spokesperson for motor club AAA, said Tuesday. “If you amplify that times 30 cents, we’re talking about Americans that are spending hundreds of millions less on gasoline today than they were a year …

U.S. inflation eased in October, cooling cost of gas, cars and airfares
1 year, 1 month ago

U.S. inflation eased in October, cooling cost of gas, cars and airfares

LA Times  

Prices either fell or rose slowly in October across a broad range of goods and services, including gas, new and used cars and hotel rooms. Inflation in the United States slowed last month in a sign that the Federal Reserve’s interest rate hikes are continuing to cool the consumer price spikes that have bedeviled consumers for the last two years. …

Oil prices jump 2% on supply worries after large US stock drawdown
1 year, 2 months ago

Oil prices jump 2% on supply worries after large US stock drawdown

Live Mint  

Oil prices gained nearly $2 in early trade on Wednesday after industry data showed a bigger-than-expected draw in U.S. crude stocks amid worries about supply disruptions from the Middle East due to a deepening Israel-Hamas conflict. U.S. crude stocks fell by about 4.4 million barrels in the week ended Oct. 13, according to market sources citing American Petroleum Institute figures …

US inflation eased slightly last month as price increases extend slow descent
1 year, 2 months ago

US inflation eased slightly last month as price increases extend slow descent

Associated Press  

WASHINGTON — Measures of U.S. inflation barely declined in September, evidence that consumer price increases are grinding lower at a gradual pace. And underlying inflation declined a bit: So-called core prices, which exclude volatile food and energy costs, climbed 4.1% in September from a year earlier, down from a 4.3% pace in August. “It still suggests that we have exited …

Gas prices continue to drop across the U.S., but Californians still have to pay more
1 year, 2 months ago

Gas prices continue to drop across the U.S., but Californians still have to pay more

LA Times  

Gas prices continue to drop across the United States this week, while prices at the pump in California remain about the same. “Drivers are finally seeing some relief at the pump as the seasonal swoon picks up momentum,” AAA spokesman Andrew Gross said in a news release. “At least one state has locations selling gas below $3 a gallon, and …

Higher gas prices lift Fed’s preferred inflation gauge but underlying price pressures remain mild
1 year, 2 months ago

Higher gas prices lift Fed’s preferred inflation gauge but underlying price pressures remain mild

Associated Press  

WASHINGTON — An inflation gauge closely tracked by the Federal Reserve rose in August, boosted mainly by higher gas prices. Last month’s modest rise in core inflation could raise the likelihood that the Fed will leave interest rates unchanged at its next meeting Oct. 31-Nov. 1. Still, threats to a so-called “soft landing” — in which inflation would fall back …

Oil prices creep higher, raise inflation concerns
1 year, 3 months ago

Oil prices creep higher, raise inflation concerns

Associated Press  

NEW YORK — Oil prices are creeping higher and raising concerns about the impact on inflation’s cooling trajectory, consumers’ wallets and the Federal Reserve’s interest rate policy. U.S. crude oil prices started rising in early summer after slipping or holding relatively steady for most of the year. Higher oil prices trickle down to everything from gasoline prices to transportation and …

Surging oil price fuels fresh inflation fears as petrol stays above $2 per litre
1 year, 3 months ago

Surging oil price fuels fresh inflation fears as petrol stays above $2 per litre

ABC  

Surging fuel prices are igniting fresh inflation fears, as production cuts by the global oil cartel heap yet more pain on consumers. Key points: Fuel prices across Australia have averaged more than $2 a litre for about a month Analysts say production cuts by the global oil cartel and a weak Aussie dollar are to blame The resurgent price has …

Rising gas prices push up the rate of annual inflation to 3.7% - the second consecutive rise THIS YEAR - but experts insist interest rates will remain steady
1 year, 3 months ago

Rising gas prices push up the rate of annual inflation to 3.7% - the second consecutive rise THIS YEAR - but experts insist interest rates will remain steady

Daily Mail  

Inflation in the US has accelerated for a second consecutive month to a 3.7 percent annual rate - up from 3.2 percent in July. Inflation in the US has accelerated for a second consecutive month to a 3.7 percent annual rate - up from 3.2 percent in August Core inflation, which strips out volatile prices including food and energy and …

High gas prices push up inflation, but prices overall are slowly moving in the right direction
1 year, 3 months ago

High gas prices push up inflation, but prices overall are slowly moving in the right direction

Associated Press  

WASHINGTON — Inflation jumped last month largely because of a spike in gas prices but other costs rose more slowly, suggesting price pressures are easing at a gradual pace. Wednesday’s figures keep the prospect of another rate increase later this year on the table, however, perhaps at its November or December meetings, economists said, because core prices ticked up a …

Pain at the pump as gas prices hit the HIGHEST seasonal level in a decade: Average price stands at $3.811 a gallon
1 year, 3 months ago

Pain at the pump as gas prices hit the HIGHEST seasonal level in a decade: Average price stands at $3.811 a gallon

Daily Mail  

Gas prices are now at their highest seasonal level in more than a decade - following a surprise rally toward the end of the summer driving season. At the same time, gasoline demand ballooned back to levels well above those last summer, leaving national stockpiles largely below seasonal norms The decision was billed by both Riyadh and Moscow as a …

Gas prices are rising (again). The heat and supply cuts impact what you pay at the pump, experts say
1 year, 4 months ago

Gas prices are rising (again). The heat and supply cuts impact what you pay at the pump, experts say

Associated Press  

NEW YORK — U.S. gas prices are continuing to rise — giving drivers across the country another headache at the pump. The national average for gas prices stood at about $3.82 a gallon on Thursday — about 29 cents higher than that seen one month ago, according to motor club AAA. While today’s prices at the pump remain far lower …

US price and wage increases slow further in the latest signs of cooling inflation
1 year, 4 months ago

US price and wage increases slow further in the latest signs of cooling inflation

Associated Press  

WASHINGTON — Signs that inflation pressures in the United States are steadily easing emerged Friday in reports that consumer prices rose in June at their slowest pace in more than two years and that wage growth cooled last quarter. Together, the figures provided the latest signs that the Federal Reserve’s drive to tame inflation may succeed without triggering a recession, …

An inflation gauge that is closely tracked by the Fed falls to its lowest level in more than 2 years
1 year, 4 months ago

An inflation gauge that is closely tracked by the Fed falls to its lowest level in more than 2 years

LA Times  

Shoppers peruse a display of Rainer cherries at a Costco warehouse July 11 in Sheridan, Colo. On Friday, the Commerce Department issues its June report on consumer spending. Prices rose just 3% in June from 12 months earlier, down from a 3.8% annual increase in May, though still above the Fed’s 2% inflation target. Friday’s report from the Commerce Department …

Some good news! Inflation cools down to 3% in reaching distance of Fed's 2% target
1 year, 5 months ago

Some good news! Inflation cools down to 3% in reaching distance of Fed's 2% target

Daily Mail  

Inflation in the US has slowed to a 3 percent annual rate - its slowest pace in more than two years. The latest Consumer Price Index released Wednesday by the Bureau of Labor Statistics showed that inflation grew by 0.2 percent in June - after increasing 0.1 percent in May. The 3 percent annual inflation rate is a sharp decrease …

US inflation hits its lowest point since early 2021 as prices ease for gas, groceries and used cars
1 year, 5 months ago

US inflation hits its lowest point since early 2021 as prices ease for gas, groceries and used cars

Associated Press  

WASHINGTON — Squeezed by painfully high prices for two years, Americans have gained some much-needed relief with inflation reaching its lowest point since early 2021 — 3% in June compared with a year earlier — thanks in part to easing prices for gasoline, airline fares, used cars and groceries. Excluding the volatile food and energy prices, so-called core inflation was …

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 …

Americans to spend $1.6 billion less on gas this Memorial Day weekend
1 year, 6 months ago

Americans to spend $1.6 billion less on gas this Memorial Day weekend

CNN  

New York CNN Business — Much like the skies, the roads will be busy this Memorial Day weekend as Americans celebrate the unofficial start of summer. It’s across the board: Drivers in all 50 states are experiencing cheaper gas prices this holiday weekend, including sharp declines in California, Alaska, New York, New Jersey and Florida, according to GasBuddy. Why gas …

OPEC’s losing race against inflation: Oil at all-time low
1 year, 7 months ago

OPEC’s losing race against inflation: Oil at all-time low

Live Mint  

To understand the predicament OPEC is facing, start with a visit to an Ikea store. A decade ago, if the Swedish furniture giant had accepted crude as payment, the oil cartel could have outfitted a good portion of the conference room where its ministers will be gathering on June 4 in Vienna — their first face-to-face meeting since the pandemic …

Oil Prices Today: Oil sinks on US inflation anxiety, sudden rise in inventories
1 year, 7 months ago

Oil Prices Today: Oil sinks on US inflation anxiety, sudden rise in inventories

Live Mint  

Oil prices dropped on May 10, ending a three-day rally as an unexpected rise in US oil inventories sparked demand concerns and markets saw cautious trading as investors' anxiety as they await inflation data. Surprise increase to US crude oil inventories US crude inventories rose by about 3.6 million barrels in the week ended May 5 while petrol stockpiles rose …

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