Inflation Soars To Another Four-Decade High
Inflation Soars To Another Four-Decade High Harry Wilmerding on March 10, 2022 The Consumer Price Index (CPI) increased 0.8% in February, bringing the key inflation …
Inflation,
Central banks rush to stimulus exit as inflation jumps, wary of Ukraine fallout
LONDON – The European Central Bank’s announcement on Thursday that it plans to end stimulus in the third quarter of 2022 shows that policymakers across …
ECB raises inflation forecasts, cuts growth outlook amid Ukraine conflict
FRANKFURT – The European Central Bank raised its inflation projections on Thursday but cut its growth outlook as the conflict in Ukraine is likely to …
Marketmind: ECB, Inflation, Oil
A look at the day ahead in markets from Sujata Rao After the U.S. S&P 500 index saw its biggest one-day gain since June 2020 …
U.S. solar installations to contract this year on inflation – industry forecast
– U.S. solar installations soared 19% to hit a record last year, but new capacity will slide in 2022 as project developers struggle with cost …
Indian inflation likely slipped in Feb but set to rebound soon – Reuters Poll
By Tushar Goenka BENGALURU – Indian retail inflation likely slipped marginally in February, thanks to lower food prices, according to economists in a Reuters poll …
Ukraine war-related inflation may drive protests and riots, World Bank warns
By Andrea Shalal WASHINGTON – Soaring energy and food prices triggered by Russia’s invasion of Ukraine could exacerbate existing food security concerns in the Middle …
Colombia’s February inflation an unpleasant surprise – central bank official
BOGOTA – Colombia’s February inflation data was a surprise for everyone, including central bank co-director Roberto Steiner, the official said on Wednesday, one of seven …
Mexico inflation advances quicker than forecast, core prices stir concern
MEXICO CITY – Inflation in Mexico accelerated faster than expected in February, official data showed, with underlying price pressures hitting their highest level in over …
Russian annual inflation up 9.15% in February
– Annual inflation in Russia accelerated to 9.15% in February from 8.73% in January, its highest in seven years, official statistics showed, with prices soaring …
Asia braces for growth hit from Ukraine-driven inflation shock
By Leika Kihara and Byron Kaye – An oil-driven inflation shock triggered by the war in Ukraine is forcing Asia’s policymakers to rethink their assumptions …
New index shows U.S. inflation expectations shifting higher
By Howard Schneider WASHINGTON – One-year U.S. inflation expectations have rocketed higher since Russia’s invasion of Ukraine and the longer-term outlook has begun increasing as …
Canadian dollar decouples from oil, adding to BoC inflation headaches
By Fergal Smith TORONTO – As the Russia-Ukraine crisis propels crude oil to its highest level in 14 years, the historic link between the Canadian …
Venezuela February inflation was lowest since 2014
CARACAS – Venezuela’s rate of consumer price inflation continued to fall in February to 2.9%, the lowest figure in eight years, the central bank said …
Mexico inflation seen on the rise again in February: Reuters poll
MEXICO CITY – Mexico’s year-on-year inflation likely accelerated in February after cooling slightly over the previous two months, a Reuters poll showed Friday, reinforcing expectations …
A thaw in U.S. jobs market could be good news for Fed’s inflation battle
By Howard Schneider – It was just a hint of something good on the horizon, Richmond Federal Reserve President Thomas Barkin said this week, but …
Sri Lanka central bank hikes rates to tame inflation; urges govt to act
By Uditha Jayasinghe and Swati Bhat COLOMBO – Sri Lanka’s central bank sharply raised interest rates on Friday to staunch growing inflationary pressures and urged …
S.Korea Feb inflation accelerates to near decade high amid Ukraine crisis
By Joori Roh SEOUL – South Korea’s consumer inflation hovered near a decade high in February and stood above the central bank’s 2% target for …
Biden administration studying whether biofuel waiver could ease food inflation -sources
By Jarrett Renshaw – U.S. President Joe Biden’s administration is studying whether waiving biofuel blending mandates could help offset a surge in prices for key …
Mining companies may pause growth plans amid Ukraine war, inflation
By Clara Denina and Praveen Menon – Flush with cash after bumper earnings, mining companies straddle a delicate balancing act as they benefit from soaring …
Economists Say Biden’s Plan To Fight Inflation Will Likely Just Make It Worse
Chris Brunet on March 2, 2022 President Joe Biden emphasized in his State of the Union address on Tuesday that he would fight inflation by …
Who can fix the price tags? U.S. businesses hit by labor shortages, inflation
By Ann Saphir – In the U.S. Midwest one retailer planned to raise prices but did not have enough floor staff to physically change the …
Mexico central bank says Ukraine crisis could spur new inflation
By Adriana Barrera MEXICO CITY – Mexico’s central bank on Wednesday said pandemic shocks on inflation have been deeper and longer lasting than expected, and …
Ukraine invasion worsens UK inflation trade-off – BoE’s Tenreyro
LONDON -The surge in energy prices caused by Russia’s invasion of Ukraine will hurt British economic growth as well as raising short-term inflation pressures, Bank …
U.S. firms buffeted by high inflation and worker shortages, Fed survey shows
– The U.S. economy expanded at a modest to moderate pace from mid January through mid February while inflation pressures broadened and employers continued to …
Russian inflation accelerates to 9.05% as rouble slips
MOSCOW – Annual consumer inflation in Russia accelerated to 9.05% as of Feb. 25 from 8.84% a week earlier, the economy ministry said on Wednesday, …
U.S. officials: Sanctions likely to spike Russian inflation, hit purchasing power
WASHINGTON – Fierce economic sanctions imposed by the United States and its allies on Russia’s central bank and other key sources of wealth are likely …
Another Key Inflation Indicator Surged To Highest Level Since 1983
A key inflation indicator increased to its highest level in 38 years while consumer demand remained strong despite soaring prices, the Commerce Department announced Friday. …
Germany’s Lindner says Europe will be able to shield its economies against inflation rising over Ukraine war
PARIS – European sanctions against Russia over the war in Ukraine will lead to cost increases, German Finance Minister Christian Lindner said, but the bloc …
Consumer inflation in Japan’s capital perks up, Ukraine crisis to add pressure
By Takahiko Wada and Leika Kihara TOKYO -Consumer inflation in Japan’s capital accelerated in February at the fastest annual pace in more than two years, …
RBNZ Governor says countering inflation early will prevent need for higher rates
By Praveen Menon WELLINGTON – Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr said on Friday that countering inflation pressures early prevent the need …
Mexico core price inflation at 20-year high, underscoring central bank challenges
MEXICO CITY – Mexican core price inflation in the first half of February climbed to levels not seen in over 20 years, according to official …
Bank of England will fight inflation in a “measured way”, Pill says
LONDON – Bank of England Chief Economist Huw Pill said the British central bank will seek to bring fast-rising inflation down in a “measured way” …
German consumer morale darkens on COVID, inflation – GfK
BERLIN – German consumer morale is projected to deteriorate in March as a sharp increase in COVID infection rates in early February and high inflation …
UK’s inflation bill eats into Sunak’s budget leeway
By William Schomberg and Andy Bruce LONDON -Fast-rising inflation is pushing up the British government’s debt interest bill sharply and limiting finance minister Rishi Sunak’s …
Russian central bank still sees inflation returning to 4% in mid-2023 -agencies
MOSCOW – The Russian central bank still expects inflation to return to its 4% target in mid-2023, news agencies cited Deputy Governor Alexei Zabotkin as …
As inflation hits 30-year high, UK households start to buckle
By Kate Holton and William Schomberg ASHFORD, England – After work in the evenings, Nicola Frape turns off the heating and huddles under a blanket …
Brazil central bank chief says inflation still climbing
By Marcela Ayres BRASILIA – Brazil’s central bank chief Roberto Campos Neto said on Monday consumer prices continue to trend higher as core inflation speeds …
Mexico inflation seen on the rise again in early February: Reuters poll
MEXICO CITY – Mexican annual inflation likely accelerated in the first half of February after slowing during the past eight weeks, a Reuters poll showed …
Hungary’s Orban says he hopes inflation will dip below 6% by year-end
BUDAPEST – Hungary’s government hopes inflation will ease back to below 6% by the end of 2022 after hitting a near 15-year high of 7.9% …
Obama Treasury Official Blames Federal Spending For Inflation Crisis
Obama Treasury Official Blames Federal Spending For Inflation Crisis Ailan Evans on February 17, 2022 Former Obama administration economic official Steven Rattner pushed back on …
Japan’s inflation may exceed 1% but stay below BOJ goal, says central bank official
TOKYO – Japan’s consumer inflation may exceed 1% but will remain distant from the central bank’s 2% target, a senior Bank of Japan official said …
Tokyo’s core consumer inflation seen picking up in February – Reuters poll
TOKYO – Core consumer prices in Tokyo likely rose in February at a faster rate than in the previous month on surging fuel costs, underlining …
IMF backs ECB’s easy policy as it sees inflation easing
FRANKFURT – The European Central Bank has been right to maintain its easy money policy as inflation is set to fall after “transient boosts” from …
Consumer Spending Surged In January As Inflation Reached Near 40-Year High
Consumer spending surged in January amid soaring inflation, the Commerce Department announced Wednesday. Retail sales grew 3.8% in January, far exceeding the 2.1% Dow Jones …
Colombia inflation forecast higher in 2022, faster rate hikes seen – cenbank poll
By Nelson Bocanegra BOGOTA – Inflation estimates for Colombia this year rose and predictions of interest rate rises quickened among analysts polled in a central …
Canadian inflation hits fresh 30-year high in January, rate hikes loom
By Julie Gordon and Ismail Shakil OTTAWA -Canada’s annual inflation rate accelerated again in January to hit a fresh 30-year high at 5.1%, as food …
IMF sees inflation as ‘significant risk,’ but eyes gradual moderation in rising prices
By Andrea Shalal WASHINGTON – Headline inflation has moved above central bank targets in most Group of 20 economies despite weaker growth momentum and remains …
Canadian dollar gains as investors assess hot inflation data
By Fergal Smith TORONTO – The Canadian dollar strengthened against its U.S. counterpart on Wednesday as oil prices rose and domestic data showed inflation further …
Surging housing costs boosting overall euro zone inflation: ECB
FRANKFURT – Euro zone housing costs rose sharply last year, boosted by soaring German property prices and adding to already uncomfortably high overall inflation, a …