The cost of living in the UK rose by 5.1 percent in the 12 months to November, the highest in more than a decade, latest statistics show. According to data released on Wednesday by the Office for National Statistics (ONS), the Consumer Prices Index (CPI) rose by 5.1 percent in the 12 months to November…
From Coffee to Gasoline, Inflation Surges Everywhere in 2021
The U.S. annual inflation rate surged to its highest level since 1982 in November, coming in at 6.8 percent. With the record-breaking number dominated headlines, what were some of the biggest drivers of higher prices for businesses and consumers last month? The main expenditure categories highlighted notable year-over-year growth across the board. The food index…
‘A Shocking Number’: Experts React to 6.8 Percent CPI Inflation, Highest Since 1982
The SPDR S&P 500 ETF Trust traded higher by 0.8 percent on Friday morning after the Labor Department reported a 6.8 percent increase in the consumer price index (CPI) in the month of November, the fastest inflation growth since 1982. The headline CPI rose 6.8 percent in November, exceeding economist estimates of 6.7 percent and…
Inflation Jumps to Highest Level In Nearly 40 Years
Consumer prices accelerated in the year through November at their fastest pace in 39 years, new government data shows, marking the sixth straight month of inflation is running above 5 percent in annual terms and delivering a fresh sign that inflationary woes continue to bedevil the U.S. economy. The Bureau of Labor Statistics (BLS) reported…
Inflation Jumps to Highest Level Since 1982
Consumer prices accelerated in the year through November at their fastest pace in 39 years, new government data shows, marking the fifth straight month of inflation is running above 5 percent in annual terms and delivering a fresh sign that inflationary woes continue to bedevil the U.S. economy. The Bureau of Labor Statistics (BLS) reported…
Futures Rise Ahead of CPI Data; Oracle Shines
December 10, 2021
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U.S. stock index futures edged higher on Friday ahead of an inflation report that could likely strengthened the case for an aggressive policy tightening by the Federal Reserve, while Oracle Corp. jumped on an upbeat third-quarter outlook. Shares of the enterprise software maker gained 11.2 percent in premarket trading after posting forecast-beating results for the…
China’s Factory Inflation Accelerates to 26-Year High, Yet Demand Remains Weak
November 10, 2021
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China’s factory gate prices rose at the fastest pace in 26 years in October, but producers have had no way to cover their costs with consumer demand remaining weak. Factory gate prices refer to the cost at which wholesalers purchase materials from producers, not considering transport and distribution fees. The producer price index (PPI) has soared…
Stocks Slide, Dollar Gains as US CPI Sparks Tightening Fears
November 10, 2021
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NEW YORK/LONDON—A gauge of global stock markets edged lower and the dollar built on earlier gains on Wednesday after U.S. consumer inflation surged to its highest since 1990, raising concern the Federal Reserve will tighten monetary policy sooner than expected. Real yields on U.S. Treasuries slid to record lows and gold prices reversed course to…
Consumer Price Inflation Accelerates to Fastest Rate in 31 Years
Inflation accelerated sharply and well-above forecasts in October, with consumer prices rising at their fastest over-the-year pace in more than three decades as persistent supply chain bottlenecks continue to push prices skyward. The Bureau of Labor Statistics (BLS) reported on Nov. 10 that the headline Consumer Price Index (CPI), a measure of inflation from the…
Relief from High Prices Unlikely, Analysts Say Ahead of Consumer Inflation Data Release
With investors closely eyeing two major data releases this week on inflation—one on producer input costs and the other on consumer prices—Wells Fargo analysts say it’s unlikely sticker-shock-weary consumers will see relief as the persistent supply-side crunch will “keep fanning the flames on inflation in the near term.” On Tuesday, the Labor Department will release…
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