Latest Inflation News

Some in seafood industry see Trump as fishermen's friend, but tariffs could make for pricier fish

Dec. 13, 2024 00:29 AM EST

PORTLAND, Maine (AP) — The incoming administration of President-elect Donald Trump is likely to bring big changes for one of the oldest sectors of the U.S. economy — seafood — and some in the industry believe the returning president will be more responsive to its needs. ...

Stock market today: Asian shares retreat, tracking Wall St decline as price data disappoints

Dec. 12, 2024 23:54 PM EST

HONG KONG (AP) — Asian shares fell on Friday, tracking Wall Street's decline in response to potentially discouraging data on the economy. U.S. futures and oil prices were little changed. Chinese leaders wrapped up a two-day economic policy meeting in Beijing on...

Stock market today: Wall Street’s rally stalls as Nasdaq pulls back from its record

Dec. 12, 2024 17:12 PM EST

NEW YORK (AP) — U.S. stock indexes fell Thursday following some potentially discouraging data on the economy. The S&P 500 slipped 0.5% for its fourth loss in the last six days. It’s a pause for the index, which has been rallying toward one of its best years of the...

YouTube TV is hiking its monthly price, again. Here's what to know

Dec. 12, 2024 15:32 PM EST

NEW YORK (AP) — Are you a YouTube TV subscriber? Your monthly bills are about to get more expensive again. On Thursday, YouTube announced that it's upping the price of its streaming service's base plan by $10 — citing “the rising cost of content" and other investments. The new...

ECB cuts rates a quarter point amid concerns of tepid growth, impact of Trump trade policies

Dec. 12, 2024 11:22 AM EST

FRANKFURT, Germany (AP) — The European Central Bank has cut rates by a quarter percentage point amid signs of weakening growth and concern about the impact of political chaos in France and the possibility of new U.S. import tariffs after Donald Trump takes office as president. The...

US wholesale inflation accelerated in November in sign that some price pressures remain elevated

Dec. 12, 2024 09:08 AM EST

WASHINGTON (AP) — Wholesale costs in the United States picked up sharply last month, signaling that price pressures are still evident in the economy even though inflation has tumbled from the peak levels it hit more than two years ago. The Labor Department reported Thursday that...

US wholesale inflation accelerated in November in sign that some price pressures remain elevated

Dec. 12, 2024 08:35 AM EST
WASHINGTON (AP) — US wholesale inflation accelerated in November in sign that some price pressures remain elevated.

US inflation ticked up last month as some price pressures remain persistent

Dec. 11, 2024 14:02 PM EST

WASHINGTON (AP) — Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated. Consumer prices rose 2.7% in November from a year earlier, up from a yearly figure...

US inflation rose slightly last month but remained low

Dec. 11, 2024 08:35 AM EST
WASHINGTON (AP) — US inflation rose slightly last month but remained low.

India's new central bank governor takes over as economic growth slows and inflation rises

Dec. 11, 2024 06:07 AM EST

NEW DELHI (AP) — India got a new central bank governor on Wednesday as the country’s economic growth slows and inflation surges. Sanjay Malhotra, a career civil servant, was appointed to a three-year term as head of the Reserve Bank of India, succeeding Shaktikanta Das, who...