Latest Inflation News

Turkey central bank keeps rate on hold despite currency drop

Oct. 22, 2020 7:34 AM EDT

ISTANBUL (AP) — Turkey’s Central Bank kept its key interest rate on hold at 10.25% on Thursday, despite market expectations for an increase that would help support the currency. The bank surprised last month with a 2 percentage point rate increase, its first hike in two years, as it tried to contain...

FILE - In this Tuesday Feb. 11, 2020 file photo, Christine Lagarde president of the ECB looks up prior to deliver her speech before the European Parliament's economic and monetary affairs committee at the European Parliament in Strasbourg, France. The head of the European Central Bank says that the economic recovery “risks losing momentum” due to the second wave of coronavirus infections and that the chief monetary authority for the euro countries could add more stimulus if that becomes necessary.  (AP Photo/Jean-François Badias, File)

Europe's central banker: Recovery 'risks losing momentum'

Oct. 19, 2020 5:20 AM EDT

FRANKFURT, Germany (AP) — The head of the European Central Bank says the economic recovery from the coronavirus pandemic “risks losing momentum” due to a second wave of infections and that more stimulus could be added if necessary. “The second wave of the pandemic in Europe, notably...

FILE - In this Friday, Oct. 2, 2020 file photo, pedestrians pass the New York Stock Exchange,  in New York.  Stocks are pulling slightly higher in the early going on Wall Street, Wednesday, Oct. 14,  as investors pore over another batch of earnings reports from big U.S. companies. The S&P 500 added 0.3% in early trading Wednesday. A loss in the index a day earlier broke a four-day winning streak.  (AP Photo/John Minchillo, File)

Asian stocks follow Wall St lower as stimulus hopes fade

Oct. 15, 2020 12:07 AM EDT

Asian stocks followed Wall Street lower on Thursday as hopes U.S. leaders will agree on a new economic stimulus before the Nov. 3 presidential election faded. Benchmarks in Shanghai, Tokyo and Hong Kong declined. Sydney advanced. In Seoul, the company that manages boy band BTS made its market debut amid criticism...

FILE - In this Sunday, July 24, 2011 file photo, Sudan's banknotes are displayed behind a window at the central bank in Khartoum, Sudan. Sudan's annual inflation has hit a new record peak as prices of bread and other staples keep surging, according to official figures released on Tuesday. (AP Photo/Abd Raouf, File)

Tribal clashes over governor's sacking kill 6 in east Sudan

Oct. 14, 2020 5:43 PM EDT

CAIRO (AP) — Tribal clashes erupted on Wednesday in eastern Sudan over the prime minister’s decision to sack a provincial governor, killing at least six people, a medical group said. The violence came a day after authorities announced that annual inflation has hit a new record as prices of bread and...

FILE - In this May 10, 2020 file photo, a shopper pushes his cart past a display of packaged meat in a grocery store in southeast Denver.  U.S. wholesale prices jumped 0.4% in September as food costs rose by the largest amount since May. The Labor Department said Wednesday, Oct. 14,  that the September increase in its producer price index, which measures inflation before it reaches the consumer, followed a 0.3% rise in August and a 0.6% surge in July which had been the biggest monthly gain since late 2018. (AP Photo/David Zalubowski, File)

US wholesale prices up 0.4% in September as food costs surge

Oct. 14, 2020 9:21 AM EDT

WASHINGTON (AP) — U.S. wholesale prices jumped 0.4% in September as food costs rose by the largest amount since May. The Labor Department said Wednesday that the September increase in its producer price index, which measures inflation before it reaches the consumer, followed a 0.3% rise in August and a...

FILE - In this Monday, Sept. 21, 2020, file photo, the Wall Street sign is framed by a giant American flag hanging on the New York Stock Exchange. Stocks are edging lower on Wall Street in early trading, Tuesday, Oct. 13, 2020, as the market cools off following a four-day rally. (AP Photo/Mary Altaffer, File)

Asian shares track Wall Street decline on pandemic jitters

Oct. 14, 2020 12:08 AM EDT

Shares were mostly lower in Asia on Wednesday after pandemic concerns snapped a four-day winning streak on Wall Street. Rising coronavirus counts in many countries are raising the urgency to develop vaccines and treatments and setbacks in that process tend to discourage investors. On Tuesday, independent...

A business displays a

Consumer prices rise 0.2% in September, used vehicles spike

Oct. 13, 2020 9:25 AM EDT

SILVER SPRING, Md. (AP) — U.S. consumer prices rose slightly in September, led again by sharp increases in the index for used vehicles. The consumer price index rose 0.2% last month, after gaining 0.4% in August, the Labor Department reported Tuesday. Prices for used cars and trucks rose 6.7% in September...

US consumer prices rise 0.2% in September, inflation remains below Fed's 2% target

Oct. 13, 2020 8:34 AM EDT
WASHINGTON (AP) — US consumer prices rise 0.2% in September, inflation remains below Fed's 2% target.
FILE  - In this May 11, 2020, file photo, Kentucky Gov. Andy Beshear puts on a face mask after speaking to reporters at the Capitol in Frankfort, Ky. Kentucky's governor said Sunday, Oct. 11, 2020,  that he will quarantine after a member of his security detail who drove with his family the day before later tested positive for COVID-19.
Democratic Gov. Andy Beshear said he and his family feel fine, show no coronavirus symptoms and have tested negative for the virus. (Ryan C. Hermens/Lexington Herald-Leader via AP, File)

The Latest: S. Korea reports 97 new coronavirus cases

Oct. 11, 2020 10:21 PM EDT

SEOUL, South Korea — South Korea has confirmed 97 new cases of the coronavirus, a modest uptick from the daily levels reported last week, just as officials ease social distancing restrictions after concluding that transmissions have slowed following a resurgence in mid-August. The figures released by the...

Missouri blames database error on website for COVID-19 spike

Oct. 11, 2020 6:16 PM EDT

JEFFERSON CITY, Mo. (AP) — A “database extract error” resulted in an incorrect inflation of the number of reported COVID-19 cases in Missouri going back over several days, Missouri health officials said Sunday. The Missouri Department of Health and Senior Services said in a news release that...