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Tag: consumer prices


News

Little sign of relief expected in October US inflation data

November 10, 2022

Via: ABC News

The nation’s punishing inflation rate likely kept simmering in October, giving the Federal Reserve little cause to ease up in its drive to slow price increases by steadily raising interest rates. The Labor Department is expected to report Thursday that […]


News

Yearly inflation in Turkey rises to new 24-year high of 85%

November 3, 2022

Via: ABC News

Annual inflation in Turkey continued to rise in October, official figures showed Thursday, pushing the price of essential goods higher and amplifying a cost-of-living crisis in the country. Consumer prices rose to 85.51% in October from a year earlier, and […]


Finance Tech, Trading

World shares extend losses as specter of recession looms

October 10, 2022

Via: ABC News

World shares were mostly lower on Monday, with Chinese markets logging moderate losses after reopening from a weeklong holiday to news of more lockdowns in China due to rising COVID-19 cases. Shares fell in Hong Kong, Shanghai, Paris and London […]


News

US economy drops at 0.6% annual rate from April through June

September 29, 2022

Via: ABC News

Battered by surging consumer prices and rising interest rates, the U.S. economy shrank at a 0.6% annual rate from April through June, the government announced Thursday, unchanged from its previous second-quarter estimate. It marked the second consecutive quarter of economic […]


Editorial

Why Concerns About a Future Recession Are Now on the Rise

September 27, 2022

Via: Natalie Dunn

Concerns about a future recession are now on the rise and inflation remains unexpectedly high. Geopolitical issues, like Russia’s war in Ukraine and new tensions with China, seem to be impacting economic recovery in most Western countries, including the US. […]


News

Hong Kong Inflation Remains Stable As Expected

September 22, 2022

Via: Markets Insider

Hong Kong’s consumer price inflation held steady in August, after accelerating in the previous two months, data released by the Census and Statistics Department showed on Thursday. Consumer prices rose at a stable rate of 1.9 percent year-over-year in August. […]


News

Consumer prices rose by 8.5% year over year in July as the summer of inflation wears on

August 10, 2022

Via: NBC News

Inflation reached 8.5% in July, compared with a 40-year high of 9.1% in June, providing a measure of relief to consumers as gas prices fall. Economists surveyed by The Wall Street Journal had projected inflation in July to fall to […]


News

Inflation hit 8.3 percent in April compared to last year, showing signs of leveling off

May 11, 2022

Via: NBC News

The inflation rate was little changed from March to April, a potential sign that the rapid growth in the cost of goods and services may soon taper off. Consumer prices rose 0.3 percent in April after rising 1.2 percent in […]


Finance Tech, Trading

Wall St gains as growth stocks rebound after inflation data

April 12, 2022

Via: Investing.com

The Nasdaq led Wall Street’s main indexes higher on Tuesday after data showed consumer prices rose largely in line with estimates, taking pressure off high-growth stocks that were hammered on expectations of aggressive U.S. interest rate hikes. The Labor Department’s […]


News

Beleaguered house hunters are now watching mortgage rates spike, too

March 24, 2022

Via: NBC News

U.S. shoppers have faced sticker shock as goods from cars to steak to gasoline have gotten much costlier, in some cases very rapidly. Now, consumers can add mortgages to the list. While interest rates are still quite low by historical […]


News

Europe sees higher inflation on fleeting factors like oil

August 31, 2021

Via: ABC News

Consumer prices spiked higher than expected in Europe in August, boosted in large part by more expensive fuel. Economists say the jump is temporary, but it could raise questions about how persistent higher inflation might turn out to be. The […]


News

Inflation spikes in May as prices jump at fastest annual clip since 2008, squeezing consumers as economy reopens

June 10, 2021

Via: USA TODAY

American consumers absorbed another surge in prices in May — a 0.6% increase over April and 5% over the past year, the biggest 12-month inflation spike since 2008. The May rise in consumer prices that the Labor Department reported Thursday […]


News

Inflation speeds up in April as consumer prices leap 4.2%, fastest since 2008

May 12, 2021

Via: CNBC

Inflation in April accelerated at its fastest pace in more than 12 years as the U.S. economic recovery kicked into gear and energy prices jumped higher, the Labor Department reported Wednesday. The Consumer Price Index, which measures a basket of […]


News

Consumer-fueled economy pushes GDP to 6.4% first-quarter gain

April 29, 2021

Via: CNBC

Economic activity boomed to start 2021, as widespread vaccinations and more fuel from government spending helped get the U.S. closer to where it was before the Covid-19 pandemic struck, the Commerce Department reported Thursday. Gross domestic product, the sum of […]


Energy, Industries

Consumer prices rise more than expected, pushed by 9.1% jump in gasoline

April 13, 2021

Via: CNBC

Consumer prices shot higher in March, given a boost by a strong economic recovery and year-over-year comparisons to a time when the Covid-19 pandemic was about to throttle the U.S. economy, the Labor Department reported Tuesday. The consumer price index […]


Industries, Retail & Wholesale

November consumer prices up 0.2% as energy costs rise

December 10, 2020

Via: ABC News

U.S. consumer prices edged up 0.2% in November as a rise in the cost of energy and a number of other goods offset a drop in food costs. The gain in the consumer price index followed a flat reading in […]


News

May consumer prices fall 0.1%, the third consecutive month

June 10, 2020

Via: ABC News

WASHINGTON — U.S. consumer prices dropped in May for the third straight month as the coronavirus pandemic pushed the American economy into a recession. The Labor Department said Wednesday that its consumer price index fell 0.1% last month after tumbling […]


Industries, Manufacturing

US producer prices were unchanged in November; underlying inflation soft

December 12, 2019

Via: CNBC

U.S. producer prices were unexpectedly unchanged in November as increases in food and gasoline prices were offset by declining costs for services, pointing to muted inflation despite a recent uptick in consumer prices. The Labor Department said on Thursday the […]


News

US consumer prices rise a slight 0.1% in August

September 12, 2019

Via: CNBC

Consumer prices slowed in August, rising by a slight 0.1%, reflecting a big drop in the cost of gasoline and other energy products. The Labor Department says the tiny increase in its consumer price index followed a much bigger 0.3% […]


News

US consumer prices were unexpectedly unchanged in June

July 14, 2017

Via: CNBC

The U.S. Consumer Price Index was forecast to rise 0.2 percent in June, after edging up 0.1 percent a month earlier. U.S. consumer prices were unchanged in June as the cost of gasoline and mobile phone services declined further, pointing to benign […]