Latest Inflation News

US wholesale prices dip 0.1 percent in January

Feb. 14, 2019 8:56 AM EST

WASHINGTON (AP) — U.S. wholesale prices fell for a second straight month in January as energy costs fell sharply again. The monthly declines were more evidence that inflation remains under control. The Labor Department said Thursday that producer prices, which track changes before they reach the consumer,...

US wholesale prices down 0.1 percent in January, second monthly decline, as inflation remains docile

Feb. 14, 2019 8:32 AM EST
WASHINGTON (AP) — US wholesale prices down 0.1 percent in January, second monthly decline, as inflation remains docile.

Correction: Minimum Wage-Illinois story

Feb. 13, 2019 5:36 PM EST

SPRINGFIELD, Ill. (AP) — In a story Feb. 12 about a proposal to raise the Illinois minimum wage, The Associated Press incorrectly reported that the value of a $15 minimum wage in 2025 would be about $10.46 in today's money, assuming an annual inflation rate of 2.1 percent. At that rate, it would be worth...

US consumer prices flat in January

Feb. 13, 2019 9:43 AM EST

WASHINGTON (AP) — Consumer prices were unchanged in January, as lower gasoline prices offset the rising costs of housing, clothing and medical care. The Labor Department said the consumer price index rose only 1.6 percent last month from a year earlier. That matched the slowest pace of annual inflation...

UK inflation below official target for first time in 2 years

Feb. 13, 2019 5:19 AM EST

LONDON (AP) — Lower energy costs as well as a waning impact from the pound's sharp fall in the aftermath of the country's Brexit vote have helped consumer price inflation in Britain fall below the Bank of England's target of 2 percent for the first time in two years. The Office for National Statistics said...

Analysis: $15 minimum wage no windfall for Illinois workers

Feb. 12, 2019 5:48 PM EST

SPRINGFIELD, Ill. (AP) — Nearly a quarter of workers in Illinois would see their pay almost double under a proposal nearing final approval in the Legislature, but inflation will take a huge bite by the time the state's minimum wage reaches $15 an hour in 2025. The statewide pay floor has remained at $8.25...

Analysis: $15 minimum wage no windfall for Illinois workers

Feb. 12, 2019 4:57 PM EST

SPRINGFIELD, Ill. (AP) — Nearly a quarter of workers in Illinois would see their pay almost double under a proposal nearing final approval in the Legislature, but inflation will take a huge bite by the time the state's minimum wage reaches $15 an hour in 2025. The statewide pay floor has remained at $8.25...

Analysis: $15 minimum wage no windfall for Illinois workers

Feb. 12, 2019 4:47 PM EST

SPRINGFIELD, Ill. (AP) — Nearly a quarter of workers in Illinois would see their pay almost double under a proposal nearing final approval in the Legislature, but inflation will take a huge bite by the time the state's minimum wage reaches $15 an hour in 2025. The statewide pay floor has remained at $8.25...

Analysis: $15 minimum wage no windfall for Illinois workers

Feb. 12, 2019 4:24 PM EST

SPRINGFIELD, Ill. (AP) — Nearly a quarter of workers in Illinois would see their pay almost double under a proposal nearing final approval in the Legislature, but inflation will take a huge bite by the time the state's minimum wage reaches $15 an hour in 2025. The statewide pay floor has remained at $8.25...

India's central bank surprises with cut in key lending rate

Feb. 7, 2019 4:42 AM EST

NEW DELHI (AP) — India's central bank on Thursday lowered its key interest rate by a quarter of a percentage point to 6.25 percent in a surprise move intended to keep growth on track. The interest rate is what the federal bank charges on lending to commercial banks. Lower interest rates help borrowers but...