Inflation eases back further, but food prices continue to soar
1 year, 11 months ago

Inflation eases back further, but food prices continue to soar

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 UK inflation eased back further last month but cost pressures remained intense for cash-strapped households as food prices hit another 45-year high, according to official figures. The Office for National Statistics said the rate of Consumer Prices Index inflation fell to 10.5% in December from 10.7%, offering a further sign that the cost-of-living crisis may have passed its peak. Grant Fitzner, chief economist at the ONS, said: “Inflation eased slightly in December, although still at a very high level, with overall prices rising strongly during the last year as a whole. “Prices at the pump fell notably in December, with the cost of clothing also dropping back slightly.” “Food costs continue to spike, with prices also rising in shops, cafes and restaurants,” he added.

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History of this topic

Despite inflation, some everyday products actually dropped in price this year
1 week, 2 days ago

Despite inflation, some everyday products actually dropped in price this year

CNN  

CNN — From a purely economic standpoint, 2024 wasn’t too shabby a year for inflation.. Gasoline 2024 price change : Down 7.6% Gas prices may be highly volatile and highly integral to aspects of life and business, but they’re also highly visible reminders of how prices are trending. “Even during the pandemic, when inflation was rampant across the economy, most …

Last-minute Christmas shopping takes a dive as buyers feel the squeeze
Trending News
2 weeks, 1 day ago

Last-minute Christmas shopping takes a dive as buyers feel the squeeze

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. Read our privacy policy Last-minute Christmas shopping saw a downturn this year as high …

Federal Reserve’s preferred inflation gauge shows price pressures eased last month
2 weeks, 6 days ago

Federal Reserve’s preferred inflation gauge shows price pressures eased last month

LA Times  

An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains. The modest monthly inflation figures in Friday’s report point to one likely reason why the Fed was willing to cut its benchmark interest rate Wednesday: Its preferred inflation gauge, known as the …

U.K. Inflation rises further above Bank of England's target in November
3 weeks, 1 day ago

U.K. Inflation rises further above Bank of England's target in November

The Hindu  

Inflation in the U.K. has risen to its highest level since March, driven by an increase in fuel prices last month, official figures showed on Wednesday. Rate-setters had anticipated a pick-up in inflation when the central bank last cut rates in early November as price pressures eased earlier in the year — in September, inflation had fallen to its lowest …

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
3 weeks, 1 day 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 …

India’s wholesale inflation dips to 1.89% in November after hitting four-month high in October
Trending News
3 weeks, 3 days ago

India’s wholesale inflation dips to 1.89% in November after hitting four-month high in October

Firstpost  

Headline retail inflation, the key target for the Reserve Bank of India’s monetary policy decisions, eased to 5.48% in November, down from 6.21% in the prior month India’s wholesale inflation slowed in November to 1.89% year-on-year, easing from the previous month, due to a smaller increase in food prices, government data showed on Monday. The wholesale inflation rate, a proxy …

Wholesale food inflation cooled to 8.9% in November from 25-month high of 11.6%
Trending News
3 weeks, 3 days ago

Wholesale food inflation cooled to 8.9% in November from 25-month high of 11.6%

The Hindu  

India’s wholesale prices rose at a three-month low pace of 1.89% in November, easing from October’s 2.4% uptick, with food price inflation decelerating to 8.9% from a 25-month high of 11.6% in the previous month, even as manufactured products’ inflation accelerated to 2%. EDITORIAL | Price worries: On inflation Among manufactured products, some of the important groups that showed month-over-month …

US wholesale inflation accelerated in November in sign that some price pressures remain elevated
3 weeks, 6 days ago

US wholesale inflation accelerated in November in sign that some price pressures remain elevated

Associated Press  

WASHINGTON — Wholesale costs in the United States picked up sharply last month, signaling that price pressures are still evident in the economy even though inflation has tumbled from the peak levels it hit more than two years ago. The Labor Department reported Thursday that its producer price index — which tracks inflation before it reaches consumers — rose 0.4% …

Retail inflation slows down in November
3 weeks, 6 days ago

Retail inflation slows down in November

Deccan Chronicle  

New Delhi: With the significant easing of food prices, especially vegetables, India’s retail inflation slowed to 5.48 per cent in November as compared to 6.21 per cent in October. “But the CPI-based headline inflation increased from an average of 3.6 per cent during July-August to 5.5 per cent in September and further to 6.2 per cent in October 2024, the …

Retail inflation eases to 5.48% in November as compared to 6.21% in October, check main reasons
Trending News
4 weeks ago

Retail inflation eases to 5.48% in November as compared to 6.21% in October, check main reasons

India TV News  

India's retail inflation has declined to 5.48 per cent in November compared to 6.21 pewr cent in October, mainly due to easing food prices, especially vegetables, according to government data released on Thursday. According to Consumer Price Index data released by the National Statistics Office, the inflation in the food basked reduced to 9.04 per cent in November. The CPI-based …

US wholesale inflation surged higher in November
Trending News
4 weeks ago

US wholesale inflation surged higher in November

CNN  

CNN — US wholesale inflation shot higher last month, an unwelcome sign that some prices could be heating up before they come down the pike to consumers. A closely watched gauge of underlying wholesale inflation grew more modestly and a chunk of November’s increase could be attributed to a spike in egg prices as a deadly bird flu ripples through …

Retail inflation eases to 5.48% in November from above 6% in October
4 weeks ago

Retail inflation eases to 5.48% in November from above 6% in October

India Today  

India's retail inflation cooled to 5.48% in November, slipping below the Reserve Bank of India’s upper tolerance band of 6% after breaching it in October. "High inflation reduces the disposable income in the hands of consumers," Das noted, adding that food inflation could stay elevated through the third quarter of FY25 before easing. Expected revisions could lower food’s weightage by …

U.S. wholesale inflation accelerated in November, a sign that some price pressures remain
4 weeks ago

U.S. wholesale inflation accelerated in November, a sign that some price pressures remain

LA Times  

Wholesale costs in the United States picked up sharply last month, signaling that price pressures are still evident in the economy even though inflation has tumbled from the peak levels it hit more than two years ago. The Labor Department reported Thursday that its producer price index — which tracks inflation before it reaches consumers — rose 0.4% last month …

Inflation heated up last month as consumer prices rose 2.7%, underscoring the slog ahead
4 weeks, 1 day 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 …

RBI MPC Dec 2024: Retail Inflation Estimate For FY25 Raised To 4.8 Per Cent, Food Prices To Remain Higher
1 month ago

RBI MPC Dec 2024: Retail Inflation Estimate For FY25 Raised To 4.8 Per Cent, Food Prices To Remain Higher

ABP News  

The Reserve Bank of India ’s Monetary Policy Committee decided to maintain the status quo on key rates and keep the repo rates unchanged at 6.5 per cent. Sharing the projections about inflation levels in the economy, Governor Shaktikanta Das said that the retail inflation rate for the 2024-25 fiscal year is now estimated to be at 4.8 per cent. …

Price warning as 17-month run of falling shop inflation ends
1 month, 2 weeks ago

Price warning as 17-month run of falling shop inflation ends

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. Read our privacy policy A 17-month-long run of falling shop inflation has ended, with …

Energy costs push UK inflation to 2.3 percent
1 month, 2 weeks ago

Energy costs push UK inflation to 2.3 percent

China Daily  

Inflation in the United Kingdom increased to 2.3 percent in October, putting pressure on the Bank of England to wait until next year before making additional interest rate cuts. Figures released by the Office for National Statistics, or ONS, on Wednesday showed that surging household energy costs pushed the consumer price index higher, breaking the pattern of declining inflation rates …

What rising inflation means for you: HUGO DUNCAN on why it dashes hopes of a Christmas Bank of England rate cut
1 month, 2 weeks ago

What rising inflation means for you: HUGO DUNCAN on why it dashes hopes of a Christmas Bank of England rate cut

Daily Mail  

There will be no early Christmas present from the Bank of England. The jump in inflation announced today – from 1.7 per cent in September to 2.3 per cent in October – has dashed any lingering hopes of another interest rate cut this year. Inflation spiked to 2.3 per cent in October as fears grow over the impact of the …

Wholesale inflation heated up again last month, reversing recent progress
1 month, 3 weeks ago

Wholesale inflation heated up again last month, reversing recent progress

CNN  

CNN — US wholesale inflation picked up more than expected in October, indicating that some price pressures persist at the producer level. The Producer Price Index, a measurement of average price changes seen by producers and manufacturers, rose 0.2% on a monthly basis and 2.4% for the 12 months ended in October, marking an acceleration from September, when prices ticked …

Grocery inflation rises as supermarket trips hit four-year high
1 month, 3 weeks ago

Grocery inflation rises as supermarket trips hit four-year high

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. Supermarket prices were 2.3% higher than a year ago last month, up slightly on …

Consumer inflation at 14-month high of 6.2%
Trending News
1 month, 3 weeks ago

Consumer inflation at 14-month high of 6.2%

Hindustan Times  

Retail inflation came in at 6.2% in October, the highest in 14 months, and outside the upper band of the Reserve Bank of India’s tolerance limit, primarily on account of higher food prices with potatoes, onions and tomatoes, stape vegetables all, driving the charge. The higher-than-expected number means that RBI’s Monetary Policy Committee is unlikely to cut rates in its …

Retail Inflation Soars To 6.2% In October, Exceeding RBI's Tolerance Limit
Top News
1 month, 4 weeks ago

Retail Inflation Soars To 6.2% In October, Exceeding RBI's Tolerance Limit

ABP News  

Retail inflation climbed to 6.21 per cent in October, up from 5.49 per cent in the previous month, driven primarily by higher food prices, according to official data released on Tuesday. Data from the National Statistics Office revealed that inflation in the food basket surged to 10.87 per cent in October, compared to 9.24 per cent in September and 6.61 …

India’s 14-month high retail inflation fades hope of December rate cut
Trending News
1 month, 4 weeks ago

India’s 14-month high retail inflation fades hope of December rate cut

Live Mint  

New Delhi: India’s retail inflation accelerated in October to its highest in over a year largely due to heated food prices, tempering expectations of a rate cut when the central bank’s monetary policy panel meets early next month. India’s retail inflation also breached the Reserve Bank of India’s medium-term target of 2-6% for the first time in over a year—which, …

Inflation drops: What got cheaper and what cost more in September
2 months, 3 weeks ago

Inflation drops: What got cheaper and what cost more in September

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. Other products seeing a switch from rising to falling prices include pizzas and quiches, …

Retail Inflation Hits 9-Month Peak In Sept, Casts Shadow On Rate Cut Expectations In Next MPC
2 months, 3 weeks ago

Retail Inflation Hits 9-Month Peak In Sept, Casts Shadow On Rate Cut Expectations In Next MPC

ABP News  

The retail inflation in the country soared to hit a nine-month peak of 5.5 per cent in September, official data from the government revealed on Monday. This sharp rise in September followed a rise in food inflation which stood at 9.24 per cent in the month, in comparison to 5.66 per cent reported a month earlier. Inflation In Vegetables And …

Inflation: The everyday supermarket items that have gone up in price
4 months, 3 weeks ago

Inflation: The everyday supermarket items that have gone up in price

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. These included: Tea, where the average price jumped 8.4% in the 12 months to …

Retail inflation drops to 3.5% in July, hitting a near 5-year low
4 months, 4 weeks ago

Retail inflation drops to 3.5% in July, hitting a near 5-year low

India Today  

Retail inflation in July eased to 3.54%, marking a sharp decline after it rose in the previous month. "There is sharp decline in the year-on-year inflation rate based on the All India Consumer Price Index number for the month of July 2024, which is the lowest in the last 59 months," the government's press release said. "Year-on-year inflation rate based …

Annual inflation rises to 3.8 per cent, up from 3.6 per cent at start of the year
5 months, 1 week ago

Annual inflation rises to 3.8 per cent, up from 3.6 per cent at start of the year

ABC  

Australia's annual rate of inflation has risen to 3.8 per cent, up from 3.6 per cent at the start of the year. "Excluding these changes to CRA, rents would have increased by 9.1 per cent over the 12 months to the June 2024 quarter," the ABS said. Annual growth for insurance premiums remains high Insurance prices also continued to record …

UK inflation stays at 2% despite surge in hotel prices
5 months, 3 weeks ago

UK inflation stays at 2% despite surge in hotel prices

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 in the UK held …

Falling inflation, football and fake tan shape grocery spending, figures show
5 months, 3 weeks ago

Falling inflation, football and fake tan shape grocery spending, figures show

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 Falling inflation, football and fake …

Ongoing sales have boosted spending during a cost-of-living crisis. Will shoppers pay the price with an interest rate rise?
6 months ago

Ongoing sales have boosted spending during a cost-of-living crisis. Will shoppers pay the price with an interest rate rise?

ABC  

Australia's struggling retail sector has been given a glimmer of hope, with rolling sales encouraging shoppers to spend — but economists warn that it may come with the price of another interest rate hike by the Reserve Bank. The recent jump in retail spending, boosted by clothing and footwear retailers offering big discounts and earlier-than-usual sales seasons, has increased expectations …

UK inflation rate back down to 2%
6 months, 2 weeks ago

UK inflation rate back down to 2%

China Daily  

FILE PHOTO: A tourist shelters from the rain under an Union Jack umbrella near the Bank of England in the City of London financial district in London, Britain, February 13, 2024. The United Kingdom's ruling Conservative Party got some rare good news on Wednesday, when the country's inflation rate eased back down to the Bank of England's 2 percent target …

Inflation returns to target, but experts warn June rate cut ‘off the table’
6 months, 3 weeks ago

Inflation returns to target, but experts warn June rate cut ‘off the table’

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 The Prime Minister has hailed …

Retail inflation eases to 12-month low
6 months, 3 weeks ago

Retail inflation eases to 12-month low

Deccan Chronicle  

New Delhi: With the decline of food prices and kitchen items, India’s headline retail inflation eased to a 12-month low of 4.75 per cent in May on an annual basis from 4.83 per cent in April, while the industrial output slowed to a three-month low of 5 per cent in April as against 5.4 per cent in March this year, …

Inflation is down – but good news for homeowners will have to wait
7 months, 2 weeks ago

Inflation is down – but good news for homeowners will have to wait

The Independent  

Across the economy, price rises slowed significantly in April with the rate of inflation declining to 2.3 per cent from 3.2 per cent. Grant Fitzner, chief economist at the Office for National Statistics, also highlighted tobacco and food price inflation which fell to 2.9 per cent. Service prices have been worrying the Bank’s rate-setting Monetary Policy Committee which voted 7-2 …

US inflation eased last month in the first slowdown of 2024
7 months, 3 weeks 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% …

Wholesale price increases accelerated in April as inflation remains sticky
7 months, 3 weeks ago

Wholesale price increases accelerated in April as inflation remains sticky

LA Times  

Rubila Clemente waters green onions, on April 19, 2024, at Christopher Farm in Modoc, Ind. U.S. wholesale prices rose sharply last month, a sign that inflation pressures remain stubbornly high after three elevated readings in consumer prices to start the year. The Labor Department said Tuesday that its producer price index — which tracks price changes before they reach consumers …

How the rate of inflation has changed for everyday items
8 months, 3 weeks 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 …

UK inflation falls to lowest level since late 2021 as food prices ease further
8 months, 3 weeks ago

UK inflation falls to lowest level since late 2021 as food prices ease further

Associated Press  

LONDON — Inflation in the U.K. fell to its lowest level in two and a half years in March after a further easing in food prices, official figures showed Wednesday, a development which could further pave the way for a welcome cut in interest rates soon. Inflation is set to fall further in April, possibly to below 2%, as a …

Battle for customers drives down UK shop inflation
9 months ago

Battle for customers drives down UK shop inflation

China Daily  

Competition for customers between retailers has played a big part in shop price inflation in the United Kingdom falling to its lowest level in two years, newly published figures have revealed. Food inflation dropped from 5 percent to 3.7 percent, and non-food inflation plummeted down from 1.3 percent to 0.2 percent, as retailers battled to win over customers who have …

An inflation gauge closely tracked by the Federal Reserve shows price pressures easing gradually
9 months, 1 week 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 …

Inflation drops to two-year low in boost for rate cut hopes
9 months, 2 weeks ago

Inflation drops to two-year low in boost for rate cut hopes

The Telegraph  

Chancellor Jeremy Hunt said the fall in inflation signalled the Government’s plan for the economy was working and paved the way for future tax cuts. He rebuffed talk of a backbench plot to oust him that could derail his economic plans, telling the BBC: “What’s important is the future of our country, and people’s financial security and the peace of …

High food prices prevent swifter fall in inflation to 4% target, says RBI bulletin
9 months, 3 weeks ago

High food prices prevent swifter fall in inflation to 4% target, says RBI bulletin

Live Mint  

Food price pressures are deterring a swifter fall in headline inflation towards the target of 4 per cent, the Reserve Bank of India said in its monthly bulletin for March 2024, released on Tuesday. “Even as inflation is on the ebb with broad-based softening of core inflation, the repetitive incidence of short amplitude food price pressures deters a swifter fall …

Wholesale price index eases marginally to 0.2% in Feb
9 months, 3 weeks ago

Wholesale price index eases marginally to 0.2% in Feb

Live Mint  

India’s wholesale price-based inflation eased marginally to 0.2% in February from 0.27% in January, but continued to be in positive territory for the fourth month in a row. The February inflation data was in line with expectations, as prices of essential commodities like fuel, power and manufactured goods declined even as food prices and crude rose slightly compared with the …

Wholesale food prices spiked in February
9 months, 3 weeks ago

Wholesale food prices spiked in February

The Hindu  

India’s wholesale price inflation moderated to a four-month low of 0.2% in February from 0.27% in January, despite an acceleration in food and primary articles’ inflation rates, owing to a sharper year-on-year drop in manufactured products and fuel and power prices. The Wholesale Food Index picked up from 3.8% in January to 4.1% in February, while primary articles’ prices rose …

US inflation up again in February in latest sign that price pressures remain elevated
9 months, 4 weeks ago

US inflation up again in February in latest sign that price pressures remain elevated

Associated Press  

WASHINGTON — Consumer prices in the United States picked up last month, a sign that inflation remains a persistent challenge for the Federal Reserve and for President Joe Biden’s re-election campaign, both of which are counting on a steady easing of price pressures this year. Prices rose 0.4% from January to February, higher than the previous month’s figure of 0.3%, …

How inflation has hit your shopping basket
10 months, 3 weeks 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 …

Food prices fall for first time since 2021 as inflation remains unchanged
10 months, 3 weeks ago

Food prices fall for first time since 2021 as inflation remains unchanged

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 unexpectedly held steady last …

Inflation slows but remains elevated, a sign price pressures are easing only gradually
10 months, 3 weeks 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 …

2024 brings breather on inflation but food prices are still sticky
10 months, 3 weeks ago

2024 brings breather on inflation but food prices are still sticky

The Hindu  

February 12, 2024 06:10 pm | Updated 09:00 pm IST - New Delhi India’s retail inflation eased to a three-month low of 5.1% in January from 5.7% a month earlier, with food price rise cooling a bit to 8.3% compared with 9.5% in December 2023. While overall inflation faced by urban consumers dropped to 4.92% from 5.5% a month ago, …

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