Latest Inflation News

US wholesale prices rise 0.1 pct., a sign inflation in check

Dec. 11, 2018 9:21 AM EST

WASHINGTON (AP) — U.S. wholesale prices barely rose last month as a sharp decline in the cost of gas offset pricier freight trucking services and mobile phone plans. The Labor Department said Tuesday that the producer price index — which tracks cost changes before they reach the consumer —...

Turkish economy slowed to 1.6 percent in 2018 third quarter

Dec. 10, 2018 3:45 AM EST

ANKARA, Turkey (AP) — Statistics show Turkey's economy slowed in the third quarter of 2018, hit by high inflation and a currency crisis. Turkish Statistical Institute figures released on Monday showed that the economy grew by 1.6 percent in the period from July to September compared with the previous year....

AP Interview: Argentine leader sees tough road ahead

Dec. 3, 2018 7:04 PM EST

BUENOS AIRES, Argentina (AP) — Argentina's president is celebrating the successful hosting of the Group of 20 summit, but he said Monday that he is ready for tough times ahead as his country confronts its economic crisis. President Mauricio Macri told The Associated Press in an interview that he took pride...

Turkish inflation eases from 15-year high as lira recovers

Dec. 3, 2018 7:19 AM EST

ISTANBUL (AP) — Official figures show that Turkey's inflation rate eased in November in the wake of a firmer currency, which kept a lid on import prices. The Turkish Statistical Institute said Monday that consumer prices in the year to November were up 21.6 percent, down from October's 15-year high rate of...

Business economists: Solid growth ahead but risks from trade

Dec. 3, 2018 12:14 AM EST

WASHINGTON (AP) — A group of business economists foresee U.S. economic growth remaining solid next year, with unemployment falling further and only a slight chance of a recession. But they express concern about potential risks, notably from trade conflicts. In its latest forecast being released Monday, the...

Eurozone inflation eases as oil prices slump

Nov. 30, 2018 5:56 AM EST

LONDON (AP) — The recent fall in oil prices has pushed down inflation across the 19-country eurozone, official figures showed Friday in a development that makes it even less likely that the European Central Bank will start raising interest rates anytime soon. Eurostat, the European Union's statistics...

Venezuela's president boosts wages, compares Trump to Hitler

Nov. 29, 2018 8:46 PM EST

CARACAS, Venezuela (AP) — Venezuela's socialist president boosted the minimum wage 150 percent Thursday to combat what he called an economic war being waged by the United States as he compared U.S. President Donald Trump to Adolf Hitler. "Just like Hitler persecuted the Jewish people, Donald Trump...

US consumer spending up strong 0.6 percent in October

Nov. 29, 2018 11:58 AM EST

WASHINGTON (AP) — Consumers boosted their spending in October at the fastest pace in seven months, while their incomes rose by the largest amount in nine months — both good signs for future economic growth. Consumer spending rose a sharp 0.6 percent last month, the Commerce Department reported...

Zimbabweans protest 'cocktail of lies' amid economic decline

Nov. 29, 2018 9:06 AM EST

HARARE, Zimbabwe (AP) — Thousands of exasperated Zimbabweans gathered Thursday in a nationwide protest over the country's economic collapse and what the opposition calls the new government's "cocktail of lies." Some cheered the protesters from kilometers-long lines at gas stations that still have fuel....

7 things small businesses should do when fighting inflation

Nov. 28, 2018 1:53 PM EST

NEW YORK (AP) — As labor and other costs rise at small businesses, owners need to look across their companies for ways to protect their profits. Many start with a hard look at expenses to see which they don't really need, or might be able to spend less on. Increasing income is another way to ease the...