Latest Inflation News

The US could have seen shortages and higher retail prices if a dockworkers strike had dragged on

Oct. 04, 2024 13:40 PM EDT

NEW YORK (AP) — U.S. ports from Maine to Texas shut down this week when the union representing about 45,000 dockworkers went on strike for the first time since 1977. The union representing the striking U.S. dockworkers, the International Longshoremen’s Association, reached a deal...

US adds a robust 254,000 jobs and unemployment dips to 4.1% in sign of still-sturdy labor market

Oct. 04, 2024 12:36 PM EDT

WASHINGTON (AP) — America’s employers added a surprisingly strong 254,000 jobs in September, easing concerns about a weakening labor market and suggesting that the pace of hiring is still solid enough to support a growing economy. Last month’s gain was far more than economists...

Speaker Johnson lays out agenda for Republicans as they fight to hold House majority

Oct. 01, 2024 19:36 PM EDT

WASHINGTON (AP) — Speaker Mike Johnson laid out on Tuesday a policy agenda should Republicans take the majority next year that extends the tax cuts approved when Donald Trump was president, reduces the size of the federal workforce and gives parents more choice on where they can send their...

The US could see shortages and higher retail prices if a dockworkers strike drags on

Oct. 01, 2024 18:22 PM EDT

NEW YORK (AP) — U.S. ports from Maine to Texas shut down Tuesday when the union representing about 45,000 dockworkers went on strike for the first time since 1977. Workers began walking picket lines early Tuesday, picketing near ports all along the East Coast. Workers outside the...

US job openings rise to 8 million as labor market remains sturdy

Oct. 01, 2024 18:03 PM EDT

WASHINGTON (AP) — U.S. job openings rose unexpectedly in August as the American labor market continued to show resilience. The Labor Department reported Tuesday that employers posted 8 million vacancies in August, up from 7.7 million in July. Economists had expected openings to be...

Inflation in Europe falls below 2% and opens the way for faster rate cuts

Oct. 01, 2024 06:31 AM EDT

FRANKFURT, Germany (AP) — Inflation in the 20 countries that use the euro fell to 1.8% in September, below the European Central Bank's target of 2% for the first time in more than three years as falling energy prices give consumers relief from a burst of inflation that at one point reached into...

Inflation falls to 1.8% in Europe, below European Central Bank's 2% target for first time in more than 3 years

Oct. 01, 2024 05:09 AM EDT
FRANKFURT, Germany (AP) — Inflation falls to 1.8% in Europe, below European Central Bank's 2% target for first time in more than 3 years.

Japan's central bank survey underpins optimism about growth

Sep. 30, 2024 21:46 PM EDT

TOKYO (AP) — Business sentiment among Japan’s large manufacturers stood unchanged in the latest quarter from the previous quarter, according to a closely watched survey called “tankan” released Tuesday. The Bank of Japan survey put the benchmark index at plus-13 for the...

Takeaways from AP's report on how shrimp farmers are exploited as supermarkets push for low prices

Sep. 30, 2024 20:39 PM EDT

BANGKOK (AP) — A new investigation focused on three of the world’s largest producers of shrimp released on Monday claims that as big Western supermarkets make windfall profits, their aggressive pursuit of ever-lower wholesale prices is causing misery for people at the bottom end of the supply...

As big supermarkets pursue profits, new research shows growing exploitation of shrimp farmers

Sep. 30, 2024 20:36 PM EDT

BANGKOK (AP) — Indonesian shrimp farmer Yulius Cahyonugroho operated more than two dozen ponds only a few years ago, employing seven people and making more than enough to support his family. Since then, the 39-year-old says the prices he gets from purchasers have fallen by half...