Confronting the inflation beast: Five questions for the ECB
By Dhara Ranasinghe, Tommy Wilkes and Saikat Chatterjee LONDON – The European Central Bank looks all but certain to announce on Thursday that its years …
Inflation,
Erdogan says May figures show inflation is on downward trend
ANKARA – Turkish President Tayyip Erdogan said on Sunday that inflation figures from the month of May, when annual consumer prices jumped to a 24-year …
Despite war, inflation, France sees positive economic growth in 2022 -minister
PARIS – France’s finance minister said on Sunday he expected positive growth for 2022, but would revise economic forecasts at the start of July. “It’s …
Egypt private sector activity extends contraction in May as inflation weighs-PMI
CAIRO – Non-oil private sector activity in Egypt contracted for an 18th month in May as the Ukraine crisis, import restrictions and a devalued currency …
Analysts raise Argentina 2022 inflation forecast to 72.6% – central bank
BUENOS AIRES – Analysts consulted by Argentina’s central bank raised their inflation estimate for the South American country for 2022 to 72.6%, 7.5 percentage points …
Take Five: Inflation stations
Investors will be crossing their fingers for a calmer inflation print from the United States, possibly allowing the Federal Reserve to go slower with its …
Australia’s new PM backs wage hike to ease inflation pain
SYDNEY -Australia’s new centre-left Labor government on Friday proposed raising the minimum wage to ease the financial burden on families hit by soaring energy prices …
India May services growth at 11-year high, input inflation at record
BENGALURU – India’s dominant services sector expanded at the fastest pace in 11 years in May on strong demand, although inflationary pressures touched new highs, …
Newsom-Backed Racial Reparations Report Calls For Minimum Wage Hike Amid Record Inflation
Newsom-Backed Racial Reparations Report Calls For Minimum Wage Hike Amid Record Inflation Gabe Kaminsky on June 2, 2022 A report released Wednesday approved by Democratic …
S.Korea May inflation hits near 14-yr high, beats expectations
By Jihoon Lee and Choonsik Yoo SEOUL -South Korea’s consumer inflation picked up more than expected in May to a near 14-year high on a …
Russia’s inflation slowdown cannot yet be seen as sustainable – cenbank
(Reuters) – The slowdown in Russia’s consumer price growth cannot yet be regarded as sustainable, the country’s central bank said in its review of trends …
Fed’s Mester: more rate hikes ahead in ‘painful’ battle with inflation
(Reuters) – The Federal Reserve needs to raise rates by a half-of-a-percentage point at each of its next two meetings, and then assess if inflation …
Don’t mention inflation! A Nevada Democrat’s gamble in a tough election year
By Tim Reid LAS VEGAS – The campaign website of Democrat Catherine Cortez Masto does not mention the word “inflation.” Voters will not find it …
Hungary central bank raises 1-week depo rate to 6.75% as inflation battle hots up
BUDAPEST -Hungary’s central bank raised its one-week deposit rate by 30 basis points (bps) to 6.75% as expected on Thursday, as the bank continues to …
Indonesia’s inflation inches up in May, stays within central bank target
By Stefanno Sulaiman and Gayatri Suroyo JAKARTA – Indonesia’s inflation rate accelerated slightly in May due to rising food prices and airfares, official data showed …
‘I Was Wrong’: Biden’s Treasury Sec Admits She Bungled Inflation Prediction
‘I Was Wrong’: Biden’s Treasury Sec Admits She Bungled Inflation Prediction Josh Hypes on June 1, 2022 United States Treasury Secretary Janet Yellen admitted she …
Emerging market FX rallies seen short-lived due to high inflation: Reuters poll
By Vuyani Ndaba and Vivek Mishra JOHANNESBURG/BENGALURU – Battered emerging market currencies will struggle to hold on to recent gains towards year-end as U.S. Federal …
Fed’s Bullard: high inflation ‘straining’ credibility
(Reuters) – Inflation at levels last seen in the 1970s and early 1980s is putting the U.S. central bank’s credibility at risk, St. Louis Federal …
Germany’s Scholz says goal to reduce inflation with 2023 debt brake
BERLIN – Germany must refrain from funding long-term subsidies with further credit in order to return to its constitutionally enshrined debt brake next year, Chancellor …
India’s May factory activity remained strong despite inflation worries
BENGALURU – India’s factory activity expanded at a better-than-expected pace last month as overall demand remained resilient despite persistently high inflation, encouraging firms to hire …
POLL: Most Americans Blame Biden For Rampant Inflation
POLL: Most Americans Blame Biden For Rampant Inflation Laurel Duggan on May 31, 2022 Most Americans believe President Joe Biden’s policies are the leading contributor …
White House says canceling student loans wouldn’t drive up inflation much
WASHINGTON – The short-term impact on inflation of a possible decision by U.S. President Joe Biden to cancel some student loans is likely to be …
Biden congratulates Powell, promises Fed ‘laser focus’ on inflation
WASHINGTON – U.S. President Joe Biden said he and Jerome Powell will discuss inflation in a White House meeting Tuesday, and pledged to give the …
French economy shrank in first quarter as inflation unnerves consumers
PARIS – France’s economy shrank unexpectedly in the first quarter as consumers struggled to cope with surging inflation, official data showed on Tuesday, putting pressure …
Latest inflation data boost case for normalisation – French central banker
PARIS – The latest increases in inflation make the exit from exceptional monetary policy measures all the more necessary, Bank of France Governor Francois Villeroy …
French inflation hits new record of 5.8% in May
PARIS – French inflation rose more than expected in May to a new record, preliminary EU-harmonised data showed on Friday, putting pressure on President Emmanuel …
U.S. house price inflation to cool as buyers sidelined by higher rates: Reuters poll
By Indradip Ghosh and Prerana Bhat BENGALURU – Burning U.S. house price inflation will cool to 10%, half its current rate this year, and slow …
Fed’s Waller: If inflation doesn’t go away, we need to raise rates a lot higher
(Reuters) – The Federal Reserve needs to move interest rates much higher and soon if high inflation does not begin to subside, Fed Governor Christopher …
Euro zone sentiment barely changed in May, inflation expectations ease
BRUSSELS – Euro zone economic sentiment barely changed in May as slightly greater optimism in services and among consumers offset an ebbing of confidence in …
S.Korea export growth seen rebounding in May; inflation tops 5%- Reuters poll
By Jihoon Lee SEOUL – South Korean export growth is expected to have rebounded in May, but the trade balance likely remained in red, while …
Austria’s WIFO raising 2022 inflation forecast due to energy costs
GENEVA – Austria’s WIFO economic institute plans to raise its inflation forecast for this year to 6.5% from 5.8% seen in March due to higher …
UK’s Sunak: Tight labour market adding to inflation pressures
LONDON – A tight labour market and an energy price shock are causing inflationary pressures, Britain’s finance minister Rishi Sunak said on Friday, adding that …
India central bank gov says priority is inflation, but growth important – ET
MUMBAI – The Reserve Bank of India’s primary focus is to bring inflation down closer to target but it cannot disregard the concerns around growth, …
BOJ Kuroda says Japan inflation to stay around 2% for a year
TOKYO – Bank of Japan (BOJ) Governor Haruhiko Kuroda said on Friday the country’s core consumer inflation will likely remain around the central bank’s 2% …
U.S. retailer earnings show chasm among shoppers as inflation surges
By Siddharth Cavale NEW YORK – Earnings from retailers this week illustrated a split in shopping patterns of more- and less-affluent Americans dealing with the …
German house price inflation to slow as borrowing and living costs bite – Reuters poll
By Zuzanna Szymanska and Jonathan Cable BERLIN/LONDON – German home prices will rise faster this year than thought only three months ago, as a supply …
Swiss consumers don’t need govt help to cope with inflation -finance minister
ZURICH – Swiss Finance Minister Ueli Maurer ruled out government support for consumers hit by high energy prices and said budget cuts may be needed …
Mexican central banker: high inflation is not leaving anytime soon
MEXICO CITY – Mexico will likely see consumer price spikes for “a while” and food inflation is a growing concern, the deputy governor of the …
L’Oreal CEO says no inflation impact so far on beauty product consumption
DAVOS, Switzerland – French cosmetics group L’Oreal is not so far seeing any impact from inflation on purchases of beauty products, its chief executive told …
German inflation expected to reach 7% in 2022 -DIHK
Berlin – Germany’s 2022 inflation rate will more than double from last year’s 3.1% as already high energy and food prices are pushed up by …
South Korean inflation expectations at near decade high – survey
SEOUL – A key measure of inflation expectations among South Koreans rose in May for a fourth consecutive month to its highest in nearly a …
Best Buy earnings expected to fan inflation gloom gripping America’s retailers
By Uday Sampath Kumar (Reuters) – Expectations are running low for electronics retailer Best Buy Co Inc’s quarterly earnings on Tuesday after results from two …
Nepal raises retail fuel price, stoking inflation fears
By Gopal Sharma KATHMANDU – Nepal’s state-owned oil company has hiked the retail prices for fuels, including petrol and cooking gas, by up to 12.5% …
Energy inflation must be tackled with non-monetary policies – BOJ workshop
TOKYO – A Bank of Japan board member and prominent economists tasked with analysing price trends at a BOJ-sponsored workshop agreed that energy-price inflation should …
Inflation picture is concerning, British junior finance minister says
LONDON – The inflation picture is hugely concerning but the British government has confidence in the Bank of England to get it right, Chief Secretary …
Hungarian consumer confidence falls in May amid surging inflation
BUDAPEST – Hungarian consumer and business confidence worsened in May after an improvement in April, a survey by think tank GKI showed on Monday, as …
Exclusive-India considering spending additional $26 billion to fight inflation -sources
By Aftab Ahmed NEW DELHI – The Indian government is considering spending an additional 2 trillion rupees ($26 billion) in the 2022/23 fiscal year to …
Japan, Europe tread different paths as G7 warns of inflation risks
By Leika Kihara and Francesco Canepa KOENIGSWINTER, Germany – Having long trod a similar path in tackling low inflation, Japan and Europe now appear to …
Mexican inflation seen slowing in first half of May- Reuters Poll
MEXICO CITY – Mexican inflation is forecast to have slowed in the first half of May, although still far above central bank targets, a Reuters …
G7 determined to halt rise in inflation – German finance minister
KOENIGSWINTER, Germany – The Group of Seven economic powers are determined to stop the rise in inflation, German Finance Minister Christian Lindner said on Friday …