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…
Spain’s Inflation Levels Hit 13-Year High Driven by Increasing Energy Costs
September 29, 2021
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Inflation levels in Spain surged to a 13-year-high in September driven by increasing energy costs, among other things, data from the National Statistics Institute (INE) showed on Wednesday. The flash indicator prepared by the INE (pdf) showed that national consumer prices rose 4.0 percent year-on-year, the highest reading since September 2008, when the rate was 4.5 percent. The…
High Inflation Could Be Stickier Than Anticipated
U.S. inflation showed some cooling off in July after posting large gains in prior months. Consumer prices rose at their slowest monthly pace since February, providing some relief to those in the “transitory” camp, who hold that this bout of inflation isn’t a long-term phenomenon. But, inflation fears still linger. The year-on-year increase in consumer prices…
Consumer Prices Rising the Most in These US Cities
Throughout the COVID-19 pandemic, the Federal Reserve Bank and Congress have taken unprecedented steps to stabilize the economy after entire industries and sectors ground to a halt last year amidst the public health crisis. The Fed has kept interest rates near zero, created lending programs to pump trillions of dollars into the economy, and bought…
Core Inflation Stands at 29-Year High, Rises Faster Than Wages
WASHINGTON—Consumer prices continue to rise at the fastest pace in decades, prompting critics to argue that the Biden administration’s policies are “overheating” the economy. Inflation is also wiping out gains of workers as consumer prices are rising faster than wages, according to President Barack Obama’s top economists. The consumer price index (CPI) rose 0.9 percent last…
NTD Business Full Broadcast (July 13)
Earnings season is back. We take a look at how JP Morgan Chase and Goldman Sachs performed in the latest quarter. Inflation picking up speed. U.S. consumer prices jumped by the most in 13 years. Why the surge, and will it continue? We talk to some experts. Boeing finds a new problem with its 7-87 Dreamliner…
Core Consumer Price Inflation Soars to Levels Not Seen Since 1992
Consumer prices, excluding the volatile food and energy components, soared well beyond the Federal Reserve’s 2 percent target in the year to May, reaching levels not seen in nearly 30 years and reinforcing inflation concerns. The so-called core personal consumption expenditures (PCE) price index, which excludes food and energy and is the Fed’s preferred method for…
Severe Supply Bottlenecks Add to Inflation Pressures
WASHINGTON—Worldwide supply shortages have led to price hikes for raw materials in recent months raising production costs for many businesses. Due to the “depth and breadth of supply chain disruptions” economists expect consumer prices to continue to rise for some time. According to a recent report by Institute of International Finance (IIF), the supply disruptions…
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