Ex-Bank of England governor King says central banks share blame for inflation
By David Milliken LONDON – Former Bank of England Governor Mervyn King said on Friday that central banks including the BoE are to blame for …
Inflation,
Britain’s Nationwide warns inflation surge could dent house prices
By Lawrence White and Iain Withers LONDON – Nationwide Building Society said on Friday rocketing inflation could send British house prices into reverse, in one …
Inflation crimps Indian firms as rural millions cut spending
By Krishna N. Das and Aftab Ahmed NEW DELHI – Surging inflation is forcing many poor Indians to rein in spending, threatening a slowdown for …
Kremlin aide Oreshkin says Russia’s year-end inflation will not exceed 15%
(Reuters) – Russian presidential aide Maxim Oreshkin on Thursday said year-end inflation in Russia would not exceed 15% and would be on a steady disinflationary …
Fed nominee Barr says he’s committed to bringing down inflation
By Lindsay Dunsmuir and Pete Schroeder (Reuters) – U.S. Federal Reserve nominee Michael Barr, nominated by Democratic President Joe Biden to be the central bank’s …
Bank of Israel to hike rates 1/4-point next week as inflation hits 4%
By Steven Scheer JERUSALEM -The Bank of Israel will likely raise short-term interest rates by a quarter-point next week to rein in rising inflation, partly …
Russian economy minister sees further slowdown in inflation
(Reuters) – Russia’s economy has shown resilience to Western sanctions, Economy Minister Maxim Reshetnikov said on Wednesday, expressing confidence that inflation in Russia will slow …
Brazil’s central bank is discussing frost impacts on short-term inflation, says Campos Neto
BRASILIA – Brazil’s central bank chief Roberto Campos Neto said on Wednesday that policymakers are currently discussing the impacts on short-term inflation of expected frosts …
Euro zone April inflation revised down to 7.4%; still a record high
FRANKFURT – Euro zone inflation held steady at a record high 7.4% in April, driven by soaring fuel and food costs, the EU’s statistics agency …
Consumer stocks diverge as Walmart disappoints, citing inflation
By Sinéad Carew (Reuters) – Shares in consumer discretionary and staples stocks were trading in opposite directions on Tuesday as encouraging retail sales data was …
China’s thermal coal futures mute as Beijing reins in commodity inflation
BEIJING – Trade in China’s thermal coal futures has almost come to a halt, after Beijing stepped up its control of coal prices to rein …
Cuba sees hints of recovery, announces “audacious” measures to tame inflation
By Dave Sherwood and Nelson Acosta HAVANA – Cuba´s ailing economy has begun to recover in some sectors after two years of pandemic-induced contraction but …
Polish budget policy could make it harder to tame inflation – MPC’s Litwiniuk
WARSAW – Bringing Poland’s inflation down to the central bank’s target over the next two years will be difficult if the government increases its efforts …
Inflation views tilt the Fed’s way, a bit
(Reuters) – A week that included a bevy of still-ugly inflation numbers may also have marked a turn in market views of the Federal Reserve, …
Russian inflation jumps to 17.83% in April, highest since early 2002
(Reuters) – Consumer inflation in Russia accelerated in April to 17.83% in year-on-year terms, its highest level since January 2002, data showed on Friday, as …
Fed’s Mester: Need “several months” of inflation moving down to call the peak
WASHINGTON – Inflation will need to move lower for “several months” before the Federal Reserve officials can safely conclude it has peaked, Cleveland Fed president …
U.S. economic outlook weakens, inflation set to persist – Philly Fed survey
(Reuters) – The U.S. economic outlook has weakened and inflation is set to remain higher than previously expected for a while yet, a Federal Reserve …
Thailand’s economy likely grew modestly in Q1, stung by high inflation: Reuters poll
By Arsh Tushar Mogre BENGALURU – Thailand’s economy likely grew modestly in the first quarter, thanks to robust exports and an easing of COVID-19 restrictions …
Japan April consumer inflation seen exceeding central bank’s 2% goal: Reuters poll
By Leika Kihara TOKYO – Japan’s core consumer inflation in April is expected be slightly higher than the central bank’s 2% target, hitting a seven-year …
Mexico to modify import and export law to curb inflation, govt says
MEXICO CITY – A Mexican presidential decree will be issued on Friday to modify tariffs in the country’s import and export law in a bid …
Dems’ Favorite Inflation Talking Point Just Got Debunked In Epic Fashion
Dems’ Favorite Inflation Talking Point Just Got Debunked In Epic Fashion Thomas Catenacci on May 12, 2022 The Federal Reserve Bank of Dallas rebutted a …
Inflation Is A Great Reason To Get An Abortion, Dem Lawmaker Says
Inflation Is A Great Reason To Get An Abortion, Dem Lawmaker Says Laurel Duggan on May 12, 2022 Democratic California Rep. Katie Porter said inflation …
Analysis-Jetmakers’ inflation shield no match for soaring costs
By Tim Hepher DUBLIN – Inflation clauses that determine how much airlines pay for new jets have jumped into a “hyper-escalation” band, pushing up aircraft …
Denmark hikes economic growth forecast despite war, inflation
COPENHAGEN – Denmark’s economy could grow as much as 3.4% this year despite the negative effects of the war in Ukraine and record high inflation, …
SHEFFIELD: Inflation Spirals Out Of Control As Biden Plays The Blame Game
SHEFFIELD: Inflation Spirals Out Of Control As Biden Plays The Blame Game Carrie Sheffield on May 11, 2022 Inflation spiked by a painful 8.3% in …
Bullard: April inflation ‘hot’ but does not see 75 bp Fed rate increase ‘for now’
(Reuters) – U.S. April inflation at 8.3% remained “hot” but does not yet require the Federal Reserve to switch to three-quarter point rate increases, St. …
‘Hidden Tax’: Inflation Runs Rampant After Biden Skirts Blame On Rising Costs
‘Hidden Tax’: Inflation Runs Rampant After Biden Skirts Blame On Rising Costs Thomas Catenacci on May 11, 2022 Inflation eased in April, but still surged …
Ghana’s consumer inflation spikes to ‘shocking’ 23.6% in April
By Cooper Inveen ACCRA – Ghana’s consumer price inflation accelerated to 23.6% year-on-year in April from 19.4% in March, the statistics service said on Wednesday, …
‘The Strength That We’ve Built Is Inflation’: Biden Attempts To Explain Plan To Address Rising Prices
‘The Strength That We’ve Built Is Inflation’: Biden Attempts To Explain Plan To Address Rising Prices Laurel Duggan on May 10, 2022 President Joe Biden …
Australia consumer sentiment dives as rates, inflation rise
SYDNEY – A measure of Australian consumer sentiment slid for a sixth straight month to a 21-month low in May as surging inflation and rising …
Fed’s Mester: Will need “compelling” drop of inflation to slow rate hikes
By Howard Schneider AMELIA ISLAND, Fla. – Inflation will need to show a “compelling” slowdown before the Federal Reserve can consider pausing its interest rate …
EXCLUSIVE: Nikki Haley Blasts Biden On Inflation Before Big Speech
EXCLUSIVE: Nikki Haley Blasts Biden On Inflation Before Big Speech Sebastian Hughes on May 10, 2022 Former U.N. Ambassador Nikki Haley’s advocacy group will launch a …
ECB should raise rates in July to curb inflation -Bundesbank chief
ELTVILLE AM RHEIN, Germany -The European Central Bank should raise interest rates in July to stop high inflation becoming entrenched, German Bundesbank chief Joachim Nagel …
Fed’s Mester: road ahead will be bumpy for economy in inflation fight
(Reuters) – The U.S. economy will experience turbulence from the Federal Reserve’s efforts to bring down inflation running at more than three times above its …
Fraport to compensate rising inflation with price hikes
FRANKFURT – Germany’s largest airport operator Fraport said on Tuesday it expects to be able to compensate for rising inflation by passing costs to customers …
Inflation in Ukraine rises to 16.4% y/y in April – statistics service
KYIV – Ukraine’s inflation increased to 16.4% in April year-on-year from 13.7% in March, the state statistics service said on Tuesday, citing a sharp rise …
Egypt’s core inflation at 11.9% yr/yr in April vs 10.1% pct in March – central bank
CAIRO – Egypt’s core inflation increased to 11.9% year on year in April from 10.1% in March, data from the central bank showed on Tuesday. …
Bank of Canada turns to interest rate guidance as it battles inflation
By Julie Gordon OTTAWA – Faced with runaway inflation, Canada’s central bank has taken the rare step of providing guidance on the path of interest …
Inflation, Ukraine war seen as chief financial risks -Fed report
(Reuters) – High inflation, volatility in stock and commodity markets and the war in Ukraine have emerged as the chief risks to the U.S. financial …
Inflation eating into Gold Fields’ Chile project, CEO says
By Promit Mukherjee and Helen Reid CAPE TOWN – Surging inflation is eating into gold miner Gold Fields’ contingency cost buffer for its Salares Norte …
U.S. consumer short-term inflation outlook dips, spending plans rise -NY Fed survey
(Reuters) – U.S. consumers’ inflation expectations one year from now dipped in April but their view of inflation over the medium-term rose and household spending …
SHEFFIELD: Don’t Believe Biden’s Spin On Jobs — Wage Increases Are Less Than Inflation
SHEFFIELD: Don’t Believe Biden’s Spin On Jobs — Wage Increases Are Less Than Inflation Carrie Sheffield on May 6, 2022 President Joe Biden tried to crow …
Battered U.S. stocks may not be bargains as investors brace for inflation data
By Lewis Krauskopf NEW YORK – U.S. stocks’ tumble this year is putting an increased focus on equity valuations, as investors assess whether recently discounted …
Russian weekly inflation eases after rate cut
(Reuters) -Russia’s weekly inflation rate eased in late April, data from statistics service Rosstat showed on Friday, confirming an easing of crippling price pressures days …
ECB must keep inflation expectations at bay – Elderson
FRANKFURT – Euro zone inflation is “very high” and the European Central Bank needs to ensure that this does not get entrenched in inflation expectations, …
Australia’s central bank drastically raises inflation forecasts, flags more rate hikes
SYDNEY – Australia’s central bank on Friday drastically revised up forecasts for inflation, foreshadowing how far interest rates might have to rise to bring the …
No messing around, central banks ramp up inflation fight
LONDON – In a race to get on top of surging inflation, central banks in the United States, Britain and Australia, all jacked up interest …
Economists expect higher rate hikes after RBI’s hike to tame inflation
By Manoj Kumar and Aftab Ahmed NEW DELHI – India’s central bank is expected to frontload more aggressive interest rate hikes in its effort to …
Cash handouts to Danes could worsen inflation, central banker warns
COPENHAGEN – Compensating low-income and elderly Danes with cash handouts to ease the impact of higher consumer prices could worsen inflationary pressure on an economy …
Analysis-U.S. real rates up on hawkish Fed but inflation risk looms
By Davide Barbuscia NEW YORK – A jump in U.S. real yields back into positive territory is a sign that a hawkish Federal Reserve is …