Latest Consumer prices News

UK posts the biggest jump in annual inflation on record

Sep. 15, 2021 06:19 AM EDT

LONDON (AP) — Consumer prices in the U.K. rose at their fastest recorded rate during August as global supply shortages and higher wages accentuated the uptick from pandemic-related discounts a year ago, official figures showed Wednesday. The Office for National...

Asian stocks follow Wall St lower amid growth concerns

Sep. 15, 2021 00:28 AM EDT

BEIJING (AP) — Asian stock markets followed Wall Street down on Wednesday after U.S. inflation was lower than expected amid unease about the impact of the spread of the coronavirus's delta variant. Shanghai, Tokyo, Hong Kong and Sydney all retreated, giving up the...

US consumer prices rise 0.3% in August, lowest in 7 months

Sep. 14, 2021 09:56 AM EDT

WASHINGTON (AP) — U.S. consumer prices rose a lower-than-expected 0.3% last month, the smallest increase in seven months and a hopeful sign that a recent jump in inflation may be cooling. The August gain was weaker than the 0.5% increase in July and a 0.9% surge in...

Consumer prices, industrial production, retail sales

Sep. 13, 2021 01:18 AM EDT

A look at some of the key business events and economic indicators upcoming this week: EYE ON INFLATION The Labor Department serves up its August reading of inflation at the consumer level Tuesday. Americans continue to face higher...

White House competition council seeks lower consumer prices

Sep. 10, 2021 15:13 PM EDT

A new White House council on U.S. economic conditions held its first meeting Friday, with participants highlighting at least 18 actions taken to help consumers and potentially lower prices. The council, an outgrowth of a July executive order by President Joe Biden, is...

July US consumer spending ekes up 0.3% as delta threatens

Aug. 27, 2021 14:12 PM EDT

WASHINGTON (AP) — Growth in U.S. consumer spending slowed in July to a modest increase of 0.3% as infections from the delta variant spread, while inflation over the past 12 months hit its fastest pace in three decades. Last month's spending was not even a third of the...

Asian shares mixed as caution sets in on coronavirus worries

Aug. 11, 2021 23:33 PM EDT

Asian shares were mixed Thursday as caution set in among investors following another wobbly day of trading on Wall Street. Japan's benchmark Nikkei 225 gained 0.2% in morning trading to 28,123.67. South Korea's Kospi was little changed by slightly higher at 3,220.74...

US consumer prices rose in July but at slower pace

Aug. 11, 2021 11:13 AM EDT

WASHINGTON (AP) — Prices for U.S. consumers rose last month but at the slowest pace since February, a sign that Americans may gain some relief after four months of sharp increases that have imposed a financial burden on the nation's households. Wednesday’s report from...

This Week: Job openings, consumer prices, Disney earns

Aug. 09, 2021 01:11 AM EDT

A look at some of the key business events and economic indicators upcoming this week: HELP WANTED The Labor Department issues its June tally of U.S. job openings Monday. The rapidly rebounding economy has been generating intense...

Fed's Powell downplays delta variant's threat to the economy

Jul. 28, 2021 17:46 PM EDT

WASHINGTON (AP) — The spread of the COVID-19 delta variant is raising infections, leading some companies and governments to require vaccinations and raising concerns about the U.S. economic recovery. But on Wednesday, Federal Reserve Chair Jerome Powell injected a note...