As energy prices rise, the inflation picture is muddied by an unusual divergence between two key gauges of consumer costs.
Right now, consumers expect high inflation. They think, on average, inflation will be 6.5% in a year and 7.2% in five to 10 years, according to the Michigan Survey of Consumers.
Top economist David Rosenberg thinks the hit to demand from high oil prices will outweigh any inflationary shock over the long run.
The figures cement concerns of Reserve Bank governor Michele Bullock that the Middle East conflict could push up prices and wages.
Oil prices jumped Tuesday for the second straight day and gas prices moved higher in the United States, underscoring the ...
The British Chambers of Commerce said the geopolitical situation could ‘change the economic outlook considerably’.
Housing and insurance costs remain stubbornly high, keeping monthly bills elevated even as overall inflation cools. Food prices have stopped rising rapidly but are still far above pre-pandemic levels, ...
By Howard Schneider and Ann Saphir March 6 (Reuters) - Fresh signs of labor weakness and oil-driven inflation concerns are ...
FASTER price increases in food and non-alcoholic beverages pushed inflation higher to a 13-month high in February, according to the latest inflation data released by the Philippine Statistics ...
Paul Whiteley has received funding from the British Academy and the ESRC. American voters often rank inflation as the most important issue facing the US. But something odd has happened to inflationary ...
LONDON, March 3 (Reuters) - UK grocery inflation edged up to 4.3% in the four weeks to February 22, dealing a new blow to ...