Latest Inflation News
UK inflation falls to near two-year lows
LONDON (AP) — Inflation in Britain has fallen to its lowest level in nearly two years, providing households some relief at a time of acute Brexit uncertainty. The Office for National Statistics says consumer prices were up 2.1 percent in the year to December, down from 2.3 percent the previous month. The...
Argentina says 2018 inflation hits 47.6 percent
BUENOS AIRES, Argentina (AP) — Argentina's consumer prices rose 47.6 percent in 2018, the official statistics agency announced Tuesday. The annual inflation rate is the highest since 1991 and one of the world's highest. President Mauricio Macri has struggled to tame consumer prices, and Argentina's peso...
US wholesale prices fell 0.2 percent in December
WASHINGTON (AP) — U.S. wholesale prices fell last month, dragged down by a steep drop in gas costs, suggesting that inflation will remain tame in the coming months. The Labor Department said Tuesday that the producer price index — which tracks cost changes before they reach the consumer —...
Cold, hard safety blanket: Cash rules as stocks, bonds waver
NEW YORK (AP) — Suddenly, cash is king again. For years, cash languished at the bottom of the investment rankings, weighed down by nearly non-existent interest rates. But with the Federal Reserve raising short-term rates four times last year, money-market funds and online savings accounts began paying...
Cold, hard safety blanket: Cash rules as stocks, bonds waver
NEW YORK (AP) — Suddenly, cash is king again. For years, cash languished at the bottom of the investment rankings, weighed down by nearly non-existent interest rates. But with the Federal Reserve raising short-term rates four times last year, money-market funds and online savings accounts began paying...
How's the US economy doing? Shutdown makes it harder to say
WASHINGTON (AP) — The partial shutdown of the U.S. government has begun to make it harder to assess the health of the economy by delaying or distorting key reports on growth, spending and hiring. Government data on home construction and retail sales, for example, won't be released next week because...
Cheaper gas sends US consumer prices down 0.1 pct
WASHINGTON (AP) — Consumer prices slipped 0.1 percent last month, pulled down by sharply lower gas prices and cheaper air fares, used cars, and mobile phone plans. The consumer price index rose just 1.9 percent in December from a year earlier, the Labor Department said Friday, the first time it has fallen...
Global stocks give up some gains after solid start to year
LONDON (AP) — Stock markets drifted lower Friday as investors booked some profits after an encouraging couple of weeks that have helped many of the world's leading indexes halve the losses notched up during a bleak end to 2018. KEEPING SCORE: In Europe, Germany's DAX slipped 0.4 percent to 10,879 while the...
AP Explains: Venezuela's economy, political crisis
Venezuelan President Nicolas Maduro started a second, six-year term Thursday amid international cries urging him to step down and return democratic rule to a country suffering a historic economic implosion. Maduro says he is going to turn around an economy whose collapse he blamed on U.S. sanctions. However, few...
Egypt's inflation drops to 11.1 percent in December
CAIRO (AP) — Egypt says its annual inflation rate dropped to 11.1 percent in December from 15.6 percent the previous month. The figures, announced Thursday by the state statistics bureau, were the second straight drop for inflation, keeping it within the central bank's target range of 13 percent, plus or...
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