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Last week's reports on a strong uptick in prices has readers wondering how worried they should be about inflation. And why do policy makers at the Federal Reserve insist on looking at so-called "core" inflation — which eliminates the cost of rapidly rising food and energy prices?
Inflation in the 13 nations that use the euro surged to 3.1 percent in November versus a year earlier, its highest level in more than six years, the European Union's statistics agency Eurostat said Friday.
Interest rates are down and may go down more. That’s great if you want to borrow money, but it’s not so hot if you want to buy bonds or put money in the bank.
Wholesale prices shot up 3.2 percent in November, the biggest jump in 34 years, propelled by a record rise in gasoline prices.
China's consumer inflation rate for 2007 should be about 4.5 to 4.6 percent, the country's chief statistics official said, according to a government news agency report Friday.
Inflation at the wholesale level was well-behaved in October, reflecting a big drop in energy costs.
China's consumer prices rose sharply in October, tying a decade-high monthly inflation rate of 6.5 percent, the government reported Tuesday, adding to pressure for measures to cool a politically sensitive surge in food prices.
Consumer prices in the United Kingdom rose 2.1 percent in October as rising petrol prices pushed inflation above the government's target for the first time since June.
Wholesale prices shot up more than expected in September, reflecting higher food and energy costs.
YOU would think that right after the big bang, the universe would have been pretty hot. In fact it looks like things were a lot cooler than you might imagine.
China's inflation rate accelerated to the highest monthly rate in a decade — driven by a 15.4 percent surge in politically sensitive food prices over the year-earlier period, according to data released Monday.
Zimbabwe's annual inflation rate surged to an unprecedented 3,714 percent at the end of April, the official state newspaper reported Thursday, as the government set up a commission to try to bring prices down to single digit levels.
Physicists announced Thursday that they now have the smoking gun that shows the universe went through extremely rapid expansion in the moments after the big bang, growing from the size of a marble to a volume larger than all of observable space in less than a trillion-trillionth of a second.
Seems like a good time to invest in a Prius dealership in CA.
John Norris' family is drinking a lot less milk these days. He said he considers the higher prices and has cut back on his kids' milk consumption. But between work and family obligations, he still drives almost as much as he used to.
Phasing out the recently introduced Z$200,000 note, Zimbabwe's government plans to introduce notes worth Z$250,000, Z$500,000 and Z$750,000 into circulation to combat rampant inflation, currently running at above 8,000 percent.
If you are Generation Y, you would not have much idea of what stagflation is like. Generation X types may have only a faint idea of it. Baby Boomers know only too well. But soon, we are all likely to get a taste of it in its bestial glory.
....Eating right, new research shows, is getting so expensive that millions of Americans can't afford it.
Iraq plans to cut food rations and subsidies by almost 50 per cent as part of its overall 2008 budget because of insufficient funds and spiralling inflation.
The shocking distress of Centro Properties reverberated around the world last night and helped to extend one of Wall Street's worst weeks for years.
Gasoline prices have dropped for the third week in a row in California, although they are still 75 to 80 cents higher than this time last year, according to price surveys Friday.
Many traders on Wall Street took the December 11 rate cut as disappointing news. And they are right that stronger cuts would have saved more irresponsible bankers from facing the consequences of their past misjudgements.
Worst price jump in 34 years, making price increase 7.2% in last 12 months, allegedly has major energy and automobile components.
A flurry of new policy initiatives aimed at checking China's wasteful and inflationary growth in 2008 could set a subdued tone for the week ahead.
Zimbabwe's chief statistician has said it is impossible to work out the country's latest inflation rate because of the lack of goods in shops. "There are too many data gaps," the Central Statistical Office's Moffat Nyoni told state media.
Zimbabwe's finance minister, Mr. Samuel Mumbengegwi on Thursday presented a $7.8 quadrillion budget that analysts say is inflationary and populist in nature. advertisement A quadrillion is a 1 followed by 15 zeros.
WASHINGTON -- Federal Reserve policymakers usually sing from the same songbook, but these days, they are out of tune.
The US CPI data should really start with "Once upon a time...".
I believe that the financial strains will increse on the consumer. Overall expenses for the average American are increasing. Wages are not keeping pace. Please note: I am not advocating wages increases tied to inflation, that would not work.
Think of this in terms of the fall of Saigon. Our enemies have us surrounded. They are closing in on us. We have been forced to flee. Those of us who have been able to escape the chaos and the death have made it to our embassy's roof.
It seems a given that if the U.S. economy slows down, Asia will follow because of its dependence on exports to American consumers. But it may not be so.
This past week Americans traveled approximately 2 billion miles to celebrate the Thanksgiving holiday with family and loved ones. While you cannot put a price on time with family, Americans sure felt the pain of higher fuel prices at the gas pump.
Although Wall Street reckons that the US economy will slow, and possibly slide into recession in the next 12 months, like all developed economies, the US is, and will remain, stable.
The group of Gulf Coop Council nations will inevitably dump their US$ tight peg in favor of a basket. Kuwait was just the beginning.
By Toni Vorobyova LONDON (Reuters) - The dollar hit new record lows against the euro, the Swiss franc and a basket of currencies on Thursday on growing belief that the U.S. Federal Reserve will cut interest rates again next month.
I just can't see the EU and other strong currencies not debauching their own currencies in light of the weakness of the US dollar. I think it is going to be a race to the bottom--here we come Zimbabwe!
its hard to see the dollar coming up any time soon....
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