Latest Inflation News

People walk on Oxford Street, in London, Wednesday June 17, 2020, as further coronavirus lockdown restrictions are lifted in England. (Dominic Lipinski/PA via AP)

More stimulus expected as UK inflation drops to 4-year low

Jun. 17, 2020 9:47 AM EDT

LONDON (AP) — Inflation in the U.K. fell to its lowest level in four years in May following a big coronavirus-related drop in prices at the pump, official figures showed Wednesday in a development that's bolstered expectations of another sizeable stimulus from the Bank of England. The Office for National...

FILE - In this Aug. 27, 2013, file photo, workers load large containers of nectarines for sorting at Eastern ProPak Farmers Cooperative in Glassboro, N.J. U.S. wholesale prices fell 0.6% in February 2020, the biggest decline in five years, led by a sharp drop in energy costs. The Labor Department said the decline in its producer price index, which measures price pressures before they reach the consumer, followed a 0.5% rise in January. It was the sharpest decline since a similar 0.6% drop in January 2015. (AP Photo/Mel Evans, File)

US wholesale prices rise 0.4% in May led by food and energy

Jun. 11, 2020 10:11 AM EDT

WASHINGTON (AP) — U.S. wholesale prices rose 0.4% in May, led by a gains in the cost of food and energy. The Labor Department said Thursday that its Producer Price Index, which measures inflation pressures before they reach the consumer, showed an increase after three straight months of declines. Those...

A currency trader walks by a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Thursday, June 11, 2020. Asian shares were mostly lower Thursday, with Tokyo dropping more than 1% as the Japanese yen gained after the Federal Reserve said it would keep interest rates low through 2022. (AP Photo/Lee Jin-man)

Asian shares slide after Wall Street retreat

Jun. 10, 2020 11:57 PM EDT

TOKYO (AP) — Asian shares were mostly lower Thursday, with Tokyo dropping more than 1% as the Japanese yen gained after the Federal Reserve said it would keep interest rates low through 2022. Asian markets had been expected to fall after the Fed signaled a long path to recovery from the devastation of the...

Text of the Fed's statement after its meeting Wednesday

Jun. 10, 2020 4:06 PM EDT

WASHINGTON (AP) — Below is the statement the Fed released Wednesday after its policy meeting ended: The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. The coronavirus...

FILE - In this Nov. 27, 2019, file photo people shop for food the day before the Thanksgiving holiday at a Walmart Supercenter in Las Vegas.  U.S. consumer prices increased slightly last month, driven higher by more expensive food. The Labor Department said Wednesday, March 11, 2020, that the consumer price index ticked up 0.1% last month, matching its January increase.  (AP Photo/John Locher, File)

May consumer prices fall 0.1%, the third consecutive month

Jun. 10, 2020 9:06 AM EDT

WASHINGTON (AP) — U.S. consumer prices dropped in May for the third straight month as the coronavirus pandemic pushed the American economy into a recession. The Labor Department said Wednesday that its consumer price index fell 0.1% last month after tumbling 0.8% in April and 0.4% in March. Excluding food...

Senate Minority Leader Sen. Chuck Schumer of N.Y., center, arrives for a news conference on Capitol Hill in Washington, Tuesday, May 12, 2020. (AP Photo/Patrick Semansky)

CBO projects virus impact could trim GDP by $15.7 trillion

Jun. 1, 2020 8:06 PM EDT

WASHINGTON (AP) — The Congressional Budget Office said Monday that the U.S. economy could be $15.7 trillion smaller over the next decade than it otherwise would have been if Congress does not mitigate the economic damage from the coronavirus. The CBO, which had already issued a report forecasting a severe...

Labor will stop giving reporters early look at economic data

May. 19, 2020 5:36 PM EDT

WASHINGTON (AP) — The U.S. Labor Department says it is ending its long-standing system of allowing news reporters to review government economic data, including high-profile reports on unemployment, retail sales and inflation, before the data is publicly released. The department for decades has given news...

In this Sunday, May 10, 2020 photo, stockbrokers work at the Tehran Stock Exchange in Iran. The exchange has seen gains of 225% in the last year, with sharp increases even as the country struggled with one of the first serious coronavirus outbreaks outside of China. Encouraged by a government eager to privatize state-owned firms, average people now have access to the market and can trade shares. (AP Photo/Vahid Salemi)

Iran stock market booms, but analysts fear a growing bubble

May. 17, 2020 3:36 AM EDT

TEHRAN, Iran (AP) — Even as U.S. sanctions, unemployment, inflation and low oil prices batter the Iranian economy, there seems to be at least one refuge for investors. The Tehran Stock Exchange has seen gains of 225% in the last year, with sharp increases even as the country struggled with one of the...

Angie Moorefield unfolds material to begin sewing a disposable gown at Burlington Medical in Newport News Wednesday, May 6, 2020. The manufacturing business recently shifted from producing radiation protection gear for medical facilities to in-demand personal protective equipment such as masks, gowns and plastic face shields. (Jonathon Gruenke/The Virginian-Pilot via AP)

US wholesale prices drop record 1.3% in April

May. 13, 2020 10:17 AM EDT

WASHINGTON (AP) — Wholesale prices slid a record 1.3% in April led by a 19% plunge in the cost of energy, further signaling the potential threat of deflation in the United States. The Labor Department said that its producer price index, which measures inflation before it reaches the consumer, fell by the...

FILE - This Aug. 11, 2019 file photo shows credit cards in New Orleans. U.S. consumer borrowing fell in March for the first time in more than eight years, with the category covering credit cards dropping by the largest amount in over three decades, the Federal Reserve reported Thursday, May 7, 2020. (AP Photo/Jenny Kane, file)

Why prospect of deflation could pose a threat to US economy

May. 12, 2020 2:33 PM EDT

WASHINGTON (AP) — The economic paralysis caused by the coronavirus led in April to the steepest month-to-month fall in U.S. consumer prices since the 2008 financial crisis — a 0.8% drop that was driven by a plunge in gasoline prices. And excluding the normally volatile categories of food and energy,...