Latest Inflation News

Stock losses deepen after Fed hints at faster aid pullback

Nov. 30, 2021 12:22 PM EST

Stocks fell further on Wall Street Tuesday as the Federal Reserve considers hastening its plan to ease support the economy even as investors worry about the impact of a new coronavirus variant. The S&P 500 fell 1.8% as of 11:57 a.m. Eastern. The Dow Jones Industrial...

Powell says Fed may accelerate pullback in economic support

Nov. 30, 2021 11:41 AM EST

WASHINGTON (AP) — Chair Jerome Powell said Tuesday that the Federal Reserve will consider acting more quickly to dial back its ultra-low-interest rate policies to counter higher inflation, which Powell acknowledged will likely persist well into next year. The Fed is...

Consumer prices jump 7.7% in Poland, faster than expected

Nov. 30, 2021 10:46 AM EST

WARSAW, Poland (AP) — Poland said Tuesday that consumer prices have risen 7.7% over the past year, evidence that inflation is accelerating even faster than had been expected in the largest central European economy in the European Union. The November number is the...

Inflation in 19 nations using euro hits record high of 4.9%

Nov. 30, 2021 07:00 AM EST

LONDON (AP) — Consumer prices across the 19 countries that use the euro currency are rising at a record rate as a result of a huge spike in energy costs this year, official figures showed Tuesday. Eurostat, the European Union's statistics agency, said the eurozone's...

Annual inflation in 19 countries that use the euro currency hits 4.9% in November, highest since records began in 1997

Nov. 30, 2021 05:08 AM EST
BRUSSELS (AP) — Annual inflation in 19 countries that use the euro currency hits 4.9% in November, highest since records began in 1997.

Asia shares mixed as investors weigh omicron economic risks

Nov. 29, 2021 21:54 PM EST

TOKYO (AP) — Asian shares were mixed Tuesday as investors continued to cautiously weigh how much damage the new omicron coronavirus variant may unleash on the global economy. Japan's benchmark Nikkei 225 rose 1.0% to 28,577.34 in morning trading. Australia's...

Food, gas prices pinch families as inflation surges globally

Nov. 29, 2021 12:25 PM EST

BUDAPEST, Hungary (AP) — From appliance stores in the United States to food markets in Hungary and gas stations in Poland, rising consumer prices fueled by high energy costs and supply chain disruptions are putting a pinch on households and businesses worldwide. Rising...

Editorial Roundup: Ohio

Nov. 29, 2021 09:03 AM EST

Cleveland Plain Dealer. Nov. 28, 2021. Editorial: Rocketing food costs are also harming the hunger safety net Eye-popping food price increases this fall, notably for meats, have taken a toll on many household budgets, especially for Thanksgiving. But...

High inflation? Low polling? White House blames the pandemic

Nov. 27, 2021 17:47 PM EST

WASHINGTON (AP) — Inflation is soaring, businesses are struggling to hire and President Joe Biden’s poll numbers have been in free fall. The White House sees a common culprit for it all: COVID-19. Biden’s team views the pandemic as the root cause of both the...

Asian stock markets sink as traders watch Europe virus cases

Nov. 25, 2021 22:38 PM EST

BEIJING (AP) — Asian stock markets sank Friday as traders watched a surge in coronavirus cases in Europe and anti-disease controls that threaten to disrupt trade and travel. Shanghai, Tokyo, Hong Kong and Sydney declined. U.S. markets were closed Thursday for a holiday....