Latest Inflation News

Eurozone inflation revised down to near 3-year lows

Oct. 16, 2019 6:48 AM EDT

BRUSSELS (AP) — Inflation in the 19-country eurozone was revised down in September to its lowest rate in nearly three years as energy prices fell by more than initially thought, official figures showed Wednesday. In an update, statistics agency Eurostat found that consumer prices rose by an annual rate of...

UK inflation unexpectedly holds steady at 1.7% in September

Oct. 16, 2019 5:26 AM EDT

LONDON (AP) — Official figures show that falling fuel and secondhand car prices helped keep consumer price inflation in Britain unchanged in September at 1.7%, its lowest rate since late 2016. The flat reading from the Office for National Statistics was unexpected — most economists predicted a...

Retiree checks to rise modestly amid push to expand benefits

Oct. 10, 2019 2:50 PM EDT

WASHINGTON (AP) — Millions of retirees will get a modest 1.6% cost-of-living increase from Social Security in 2020, an uptick with potential political consequences in an election year when Democrats are pushing more generous inflation protection. The increase amounts to $24 a month for the average retired...

US consumer prices unchanged in September

Oct. 10, 2019 12:55 PM EDT

WASHINGTON (AP) — Overall consumer prices were unchanged in September as a big decline in energy costs offset small gains in other areas. The flat reading in the Consumer Price Index for September followed a tiny 0.1% August increase and left prices over the past 12 months rising at a modest annual rate of...

'It's a nightmare': Zimbabwe struggles with hyperinflation

Oct. 10, 2019 8:10 AM EDT

HARARE, Zimbabwe (AP) — When going shopping, the only thing Isaiah Macheku can budget for is shock. Hyperinflation is changing prices so quickly in Zimbabwe that what you see displayed on a supermarket shelf might change by the time you reach the checkout. "It is a nightmare," Macheku said. "I can't plan."...

Powell faces key question: What's wrong with low inflation?

Oct. 9, 2019 1:31 PM EDT

WASHINGTON (AP) — When out shopping, most Americans like lower prices. But the Federal Reserve sees things a little differently. On Wednesday, Fed Chairman Jerome Powell instead said that low inflation can create problems for the U.S. economy, calling it one of the "longer-term challenges" facing the...

California governor signs law capping rent increases

Oct. 8, 2019 7:57 PM EDT

SACRAMENTO, Calif. (AP) — California will limit rent increases for some people over the next decade after Democratic Gov. Gavin Newsom signed a law Tuesday aimed at combating a housing crisis in the nation's most populous state. Newsom signed the bill at an event in Oakland, an area where a recent report...

The Latest: California governor signs law capping rent hikes

Oct. 8, 2019 6:49 PM EDT

SACRAMENTO, Calif. (AP) — The Latest on California's law capping rent increases for some tenants (all times local): 3:45 p.m. California is now the second U.S. state to cap rent increases statewide. Gov. Gavin Newsom signed a law Tuesday that will cap rent increases at 5% each year plus inflation. The bill...

Powell sees cooler US hiring in possible hint of rate cuts

Oct. 8, 2019 5:05 PM EDT

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday that U.S. job growth since early last year was not as robust as thought, a hint that the Fed may be ready to keep cutting interest rates to support the economy. Powell also said the Fed will soon announce plans to buy Treasurys, likely...

US producer prices drop 0.3% in September

Oct. 8, 2019 8:39 AM EDT

WASHINGTON (AP) — U.S. producer prices fell in September, another sign that inflation remains tame more than 10 years into America's economic expansion. The Labor Department says its producer price index, which measures inflation before it reaches consumers, fell 0.3% last month, the first drop since June...