Tag: consumer price index (CPI)

NTD Business (Jan. 12): US Inflation Slows in December; House Passes Bill to Block SPR Oil Exports to China

Monthly inflation is down for the first time in more than two-and-a-half years. We talk to traders about the report. The White House says the president does not support banning gas stoves, after an official said he’s thinking about it. House lawmakers come together to block China from buying oil from America’s emergency stockpile. Microsoft is…


US Stock Market Soars After Inflation Data Cooler Than Expected

The U.S. stock market jumped on Tuesday as the Consumer Price Index (CPI) data came in lower than expected, boosting investor expectations that inflation might ease down in the near future. The 12-month CPI for November came in at 7.1 percent, down from 7.7 percent in October. It was the fifth straight monthly decline after…


CPI Numbers Reveal Inflation Cooled in November, but Consumer Prices Still Remain Significantly High

The Consumer Price Index (CPI) released today shows that average prices for goods went up 0.1 percent in November compared to October, and increased 7.1 percent on an annual basis, revealing a cooling down of inflationary expansion as expected by economists even as prices persist at decades-high levels. The CPI, the most widely adopted inflation…


NTD Business (Nov. 10): Stocks Surge on Moderate Inflation Data; More Woes for Crypto Exchange FTX

Wall Street surges after inflation numbers were lower than expected for October. Will the Federal Reserve slow down its rate hikes? We have analysis. Investors are losing millions of dollars in cryptocurrency exchange FTX. Which company is the latest? Elon Musk reveals big details on Twitter’s future. He gives us his plans on fighting troll farms,…


Soaring Food Prices Drive UK Inflation Back to 40-Year High

The UK’s inflation rate has risen back to the record high of 10.1 percent, driven by soaring food prices. According to the latest data from the Office for National Statistics (ONS), the Consumer Prices Index (CPI) rose by 10.1 percent in the 12 months to September 2022, up from 9.9 percent in August and returning…


Inflation Persists

Commentary Inflation news in July and August had offered a few willing souls so inclined to hope that price pressures would dissipate quickly. Consumer price inflation was indeed remarkably slow. Measures over the prior 12 months came off the frightening highs of over 9 percent recorded last June. However, the hope of a quick, easy…


Biden Official Says Efforts to Fight Inflation Are ‘Working’ Even As Core Inflation Jumps to 40-Year High

U.S. Commerce Secretary Gina Raimondo is insisting that the Biden administration’s efforts to curb rising prices are working despite the fact that core inflation in the country has jumped to its highest level in four decades. Though inflation is “higher than we would like it to be,” the good news is that housing costs and…


UK Central Bank Raises Interest Rates to 2.25 Percent, Highest Since 2008

The Bank of England, the UK’s central bank, has announced it will raise interest rates to their highest in more than 13 years and indicated it believes the economy is already in recession. The Bank’s Monetary Policy Committee (MPC) has raised rates from 1.75 to 2.25 percent—the highest since November 2008—in an effort to control…


These Are the Cities Where Inflation Is Rising the Most

As Americans deal with decades-high inflation, some regions of the country have been hit harder than others, such as the Arizona cities of Phoenix, Mesa, and Scottsdale; the Florida cities of Tampa, St. Petersburg, and Clearwater; and the Texas cities of Dallas, Fort Worth, and Arlington, according to official numbers released by the U.S. Bureau…


UK Consumer Confidence Hits Record Low Amid Soaring Cost of Living

Consumer confidence in the UK has hit a new record low amid soaring cost of living and bleak economic prospects, according to business intelligence firm Growth from Knowledge (GfK). The firm’s Consumer Confidence Index fell three points in August to minus 44, its lowest figure since records began in 1974. All five measures that make…