Latest Inflation News

Inflation hovers over shoppers seeking deals on Black Friday

Nov. 25, 2022 18:59 PM EST

NEW YORK (AP) — Cautious shoppers hunted for the best deals at stores and online as retailers offered new Black Friday discounts to entice consumers eager to start buying holiday gifts but weighed down by inflation. Due to elevated prices for food, rent, gasoline and other...

US stocks wobble to a mixed close, indexes keep weekly gains

Nov. 25, 2022 13:45 PM EST

Stocks wobbled to a mixed close on Wall Street Friday, but every major index notched weekly gains in a holiday-shortened week. Investors faced a relatively quiet day, though concerns about inflation, high interest rates and a potential recession still hover over Wall Street. Markets...

EU, US edging toward trade spat when both want unity instead

Nov. 25, 2022 12:43 PM EST

BRUSSELS (AP) — The European Union and the United States are treading precariously close to a major trans-Atlantic trade dispute at a time when the two Western giants want to show unity in the face of challenges from Russia and China. EU trade ministers on Friday insisted they...

Asian shares mixed as investors eye Tokyo inflation data

Nov. 24, 2022 23:42 PM EST

TOKYO (AP) — Asian shares were mixed Friday as worries deepened about the regional economy and Japan reported higher-than-expected inflation. Benchmarks fell in Tokyo, Seoul and Hong Kong, but rose in Sydney and Shanghai. Oil prices advanced. Investors have their...

Teachers, lecturers join postal workers in UK strike action

Nov. 24, 2022 12:27 PM EST

LONDON (AP) — Most schools in Scotland were closed Thursday as thousands of teachers walked off the job, joining scores of postal workers and university lecturers across the U.K. in industrial action to demand better pay and working conditions to cope with the country's cost-of-living crisis. ...

Holiday shopping kicks off with inflation dampening spirits

Nov. 24, 2022 10:21 AM EST

NEW YORK (AP) — While Black Friday will mark a return to familiar holiday shopping patterns, uncertainty still remains. The U.S. job market remains strong, consumer spending is resilient and inflation has been slowing. But elevated prices for food, rent, gasoline and other...

Turkish central bank cuts rates again despite high inflation

Nov. 24, 2022 07:41 AM EST

ANKARA, Turkey (AP) — Turkey’s central bank delivered another outsized interest rate cut Thursday despite inflation running at more than 85% and other countries moving the opposite way to ease the pain of soaring prices. The central bank said its Monetary Policy Committee decided...

Sweden's big interest rate hike follows other central banks

Nov. 24, 2022 07:03 AM EST

STOCKHOLM (AP) — Sweden’s central bank followed other central banks in undertaking a big increase to its key interest rate to combat inflation, saying Thursday that high prices are undermining people's purchasing power and making it tough for households and companies to plan their finances. ...

Inflation or not, price of pro sports teams keeps going up

Nov. 24, 2022 05:31 AM EST

Inflation isn’t going to hurt the bankrolls of sports team owners. In fact, it may help. While the uber-rich will have to pay a little more for their eggs at the grocery store – just like everyone else – inflation isn’t likely to affect the bottom lines at...

Nigeria hopes new currency notes curb inflation, corruption

Nov. 24, 2022 05:02 AM EST

ABUJA, Nigeria (AP) — Nigeria on Wednesday launched newly designed currency notes, a move that the West African nation's central bank says will help curb inflation and money laundering. The newly designed denominations of 200 (45 U.S. cents), 500 ($1.10) and 1,000 naira ($2.20)...