FRANKFURT—Euro zone inflation inched up to a new record high as expected this month, making uncomfortable reading for European Central Bank (ECB) policymakers already worried that rapid price growth could become entrenched, creating a hard-to-break wage-price spiral. Inflation in the 19-country currency bloc rose to 7.5 percent in April from 7.4 percent in March, in…
Slight Increase Raises Average LA Area Gas Price to Highest Amount Since 2014
June 29, 2021
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LOS ANGELES, Calif.—The average price of a gallon of self-serve regular gasoline in Los Angeles County rose to its highest amount since May 3, 2014, today, increasing two-tenths of a cent to $4.304. The average price has increased 14 of the past 15 days, rising 5.8 cents, including one-tenth of a cent on June 28,…
Record-High US House Prices, Tight Supply Weigh on Sales
WASHINGTON—U.S. home sales fell for a fourth straight month in May as record-high prices amid low inventory frustrated potential buyers, a trend that could persist for a while, with builders unable to deliver more houses because of expensive lumber. The decline in sales reported by the National Association of Realtors on Tuesday was concentrated in…
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