Latest Prices News

Iran’s top leader warns ‘thugs’ as protests reach 100 cities

Nov. 17, 2019 6:25 PM EST

DUBAI, United Arab Emirates (AP) — Iran’s supreme leader on Sunday cautiously backed the government’s decision to raise gasoline prices by 50% after days of widespread protests, calling those who attacked public property during demonstrations “thugs” and signaling that a...

Protests grip major Iran cities over gas prices; 1 killed

Nov. 16, 2019 8:27 PM EST

DUBAI, United Arab Emirates (AP) — Protesters angered by Iran raising government-set gasoline prices by 50% blocked traffic in major cities and occasionally clashed with police Saturday after a night of demonstrations punctuated by gunfire, in violence that reportedly killed at least one person. The...

Fuel rations, price hike hit Iranians amid plunging economy

Nov. 15, 2019 9:48 AM EST

TEHRAN, Iran (AP) — Iranian authorities abruptly raised fuel prices by up to 50% and imposed fuel rationing overnight on Friday, leaving many Iranians angered amid an already plunging economy. Across the capital, Tehran, long lines of cars waited for hours at pumping stations following the changes in...

US producer prices up 0.4% in October

Nov. 14, 2019 8:58 AM EST

WASHINGTON (AP) — U.S. producer prices rose 0.4% in October, the biggest jump in six months, reflecting a surge in energy costs. The Labor Department said Thursday that the October increase in its producer price index, which measures price pressures before they reach consumers, followed a 0.3% decrease in...

US producer prices up 0.4% in October

Nov. 14, 2019 8:40 AM EST

WASHINGTON (AP) — U.S. producer prices rose 0.4% in October, the biggest jump in six months, reflecting a surge in energy costs. The Labor Department says the October increase in its producer price index, which measures price pressures before they reach consumers, followed a 0.3% decrease in September....

US producer prices up 0.4% in October, biggest gain in 6 months, reflecting jump in energy costs

Nov. 14, 2019 8:34 AM EST
WASHINGTON (AP) — US producer prices up 0.4% in October, biggest gain in 6 months, reflecting jump in energy costs.

Fed’s Powell sees steady growth, signals pause in rate cuts

Nov. 13, 2019 4:27 PM EST

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Wednesday that the Fed is likely to keep its benchmark short-term interest rate unchanged in the coming months, unless the economy shows signs of worsening. But for now, in testimony before a congressional panel, Powell expressed optimism about...

The Latest: Powell sees job participation as major problem

Nov. 13, 2019 12:09 PM EST

WASHINGTON (AP) — The Latest on Federal Reserve Chairman Jerome Powell’s testimony before the Joint Economic Committee about the outlook for the U.S. economy (all times local): ___ 11:55 a.m. Federal Reserve Chairman Jerome Powell says two major long-term issues facing the U.S. economy are sluggish...

US consumer prices up 0.4% in October; gasoline prices surge

Nov. 13, 2019 8:43 AM EST

WASHINGTON (AP) — Surging gasoline prices caused U.S. consumer prices to rise last month at the fastest pace since March. The Labor Department said Wednesday that its consumer price index rose 0.4% in October after a flat reading in September. Gasoline prices, after drops in August and September, jumped...

Egypt says inflation drops to 2.4%, lowest in 2 decades

Nov. 9, 2019 10:02 AM EST

CAIRO (AP) — Egypt says its annual inflation rate dropped to its lowest in nearly two decades, down to 2.4% in October from 4.3% the previous month. The figures, announced Saturday by the state statistics bureau, were driven by a decline in food and beverages prices. Those are the single largest component...