Tag: Inflation

U.S. core inflation trails estimates as used-car prices tumble | Bond Buyer

U.S. core inflation trails estimates as used-car prices tumble | Bond Buyer

A gauge of underlying U.S. inflation was below estimates in September as used-vehicle costs fell and housing rents cooled, signaling that price gains may remain close to where Federal Reserve policy makers want them amid an outlook for continued gradual interest-rate hikes. Excluding volatile food and energy costs, the core consumer price index rose 2.2% […]

Trump Tax Cuts Making Prices More Expensive For Consumer Goods | Bloomberg

Trump Tax Cuts Making Prices More Expensive For Consumer Goods | Bloomberg

President Donald Trump is giving many businesses an unexpected benefit on top of lower taxes and regulatory relief: He’s helping to restore their pricing power. By pouring hundreds of billions of dollars of tax cuts and extra government spending into an already stretched economy, Trump is fostering an environment where firms such as conglomerate 3M […]

Gold Prices Rise 1% Following Comments From Fed Chair Powell | Kitco News

Gold Prices Rise 1% Following Comments From Fed Chair Powell | Kitco News

(Kitco News) – Gold prices are holding above the critical psychological barrier at $1,200 an ounce and up more than 1% on the day as Federal Reserve Chair Jerome Powell highlights the central bank’s commitment to gradually raise interest rates as the U.S. economy continue its strong performance. In his much-anticipated remarks at the global […]

Turkish lira latest: what does the currency crisis mean for British holidaymakers? | The Independent

Turkish lira latest: what does the currency crisis mean for British holidaymakers? | The Independent

What’s the situation for people on holiday in Turkey now? They will hopefully be enjoying the sunshine, the sea and the culture of a beautiful and welcoming country. And if they have been changing money as they go over the past few days, they will find they are getting significantly more Turkish currency for their […]

What CPI didn’t say: Prices of coffee, aspirin and golf clubs are lower over the past year | MarketWatch

What CPI didn’t say: Prices of coffee, aspirin and golf clubs are lower over the past year | MarketWatch

The cost of living for consumers may be accelerating, but it is not all bad news. Prices of some essentials, including coffee, aspirin and food from vending machines, have declined over the past year, according to a government report released Friday. Of course, prices of some other — arguably more essential — essentials, such as […]

Company Costs Are Rising, but Getting Shoppers to Pay More Is Hard | WSJ

Company Costs Are Rising, but Getting Shoppers to Pay More Is Hard | WSJ

Higher input costs are pressuring U.S. companies to raise prices—a potential precursor to more consumer inflation—but shoppers are resisting their efforts to do so. Businesses are facing higher costs for everything from fuel and freight hauling to steel to accounting services. Input price increases have outstripped consumer price increases since late 2016, with some pipeline […]

Memo to Federal Reserve: Brutal Inflation Is Starting to Pummel Corporate America | TheStreet

Memo to Federal Reserve: Brutal Inflation Is Starting to Pummel Corporate America | TheStreet

Procter & Gamble The last thing the slow growth, activist target P&G ( PG – Get Report)  needs is inflation. Yet, that’s what it’s dealing with at the moment. Said P&G Chief Financial Officer Jon Moeller on P&G’s recent call: “Commodity prices have continued to move higher as the year has progressed approaching a $350 […]

US Consumer Price Index rose 0.5% in Jan, vs 0.3% increase expected | CNBC

US Consumer Price Index rose 0.5% in Jan, vs 0.3% increase expected | CNBC

U.S. consumer prices rose considerably more than expected in January, fueling fears that inflation is about to turn dangerously higher. The Consumer Price Index rose 0.5 percent last month against projections of a 0.3 percent increase, the Labor Department reported Wednesday. Excluding volatile food and energy prices, the index was up 0.3 percent against estimates […]

How Inflation Works (or Why Your Chicken Is Going to Cost More) | The New York Times

How Inflation Works (or Why Your Chicken Is Going to Cost More) | The New York Times

While still low, prices are starting to rise, in what would amount to a major shift if it persists. Higher prices for rents, gasoline, medical care and food helped drive prices up 2.1 percent in the 12 months that ended in January. The root of inflation is a strong economy After the global financial crisis, […]

Food inflation helps UK grocers to deliver record Christmas sales but caution remains over general merchandise| proactiveinvestors

Food inflation helps UK grocers to deliver record Christmas sales but caution remains over general merchandise| proactiveinvestors

Morrisons takes top spot WM Morrisons PLC (LON:MRW) was next up and it reported a 2.8% rise in sales in the 10 weeks to 7 January on the back of efforts to improve customer service and offer competitive prices. That pricing strategy will almost certainly have hurt margins, as the company said the price of […]