US import prices unchanged in December
WASHINGTON (Reuters) – U.S. import prices were unexpectedly unchanged in December after two straight monthly decreases, but the trend in imported inflation remained subdued. The …
Prices
IKEA prices to fall despite Red Sea disruptions, CEO says in Davos
By Divya Chowdhury DAVOS, Switzerland (Reuters) -Budget furniture retailer IKEA is sticking to planned price cuts despite Red Sea shipping disruptions pushing up costs, and …
Venezuela’s 2023 inflation hit nearly 190%, but December prices barely ticked up
CARACAS (Reuters) – Venezuela’s annual inflation rate settled at 189.8% last year, according to data from the central bank released on Friday, marking a slight …
Traders boost bets on Fed rate cuts after producer prices slide
(Reuters) – Traders on Friday priced in a bigger chance that the Federal Reserve will deliver more monetary policy easing this year after a U.S. …
India’s retail inflation rises to four-month high in December on higher food prices
By Nikunj Ohri NEW DELHI (Reuters) -India’s annual retail inflation rose at the fastest pace in four months in December, driven by a rise in …
Tesla drops prices of some new China Model 3 and Model Y cars
SHANGHAI (Reuters) – The price of Tesla’s new China Model 3 dropped to 245,900 yuan, and the price of the Model Y dropped to 258,900 …
US power prices soar ahead of extreme cold and record natgas demand
By Scott DiSavino (Reuters) – Frigid weather moving into the central U.S. will boost natural gas demand to record highs early next week, according to …
Irish services sector growth slows in December as prices rise – PMI
DUBLIN (Reuters) – Growth in Ireland’s services sector slowed in December as higher prices tempered new business demand, but new exports and the outlook for …
Australian home prices surged 8% in 2023 but rates, inflation cloud outlook
SYDNEY (Reuters) – Australian home prices rose last year, a significant turnaround from the 5% dip seen in 2022, but interest rate hikes and persistent …
Strong gains for cocoa, iron ore in 2023 as energy prices dip
By Naveen Thukral and Florence Tan SINGAPORE (Reuters) – Cocoa and iron ore prices surged in 2023, while natural gas and coal prices tumbled, with …
Turkey’s minimum wage hike seen fuelling prices, hitting inflation outlook
By Ceyda Caglayan and Can Sezer ISTANBUL (Reuters) – Turkey’s larger-than-expected minimum wage hike, which impacts some 7 million workers, is expected to push already …
Home Prices Hit New High In Nine Month Climb As Affordability Tumbles
Home Prices Hit New High In Nine Month Climb As Affordability Tumbles Will Kessler on December 26, 2023 U.S. home prices climbed to their highest …
JOE TROTTER: How Soaring Prices Cast A Pall Over Holiday Cheer
JOE TROTTER: How Soaring Prices Cast A Pall Over Holiday Cheer Joe Trotter on December 26, 2023 The holiday season is here, and Americans are …
Biden’s Signature Law Was Supposed To Lower Drug Prices, But It’s Doing Just The Opposite
Biden’s Signature Law Was Supposed To Lower Drug Prices, But It’s Doing Just The Opposite Will Kessler on December 22, 2023 President Joe Biden has …
GSK to cut US prices for Advair, Valtrex and Lamictal
(Reuters) – Drugmaker GSK Plc said on Friday that it will cut U.S. list prices on asthma drug Advair, herpes drug Valtrex, and anti-epileptic medication …
German home prices tumble amid property rout
By Tom Sims and Rene Wagner FRANKFURT (Reuters) -Residential property prices in Germany continued their fall, dropping 10.2% in the third quarter from a year …
Food Prices Are Going Down in New Jersey, New York According to White House: Fact or Fiction?
TRENTON, NJ – The cost of food for Americans, especially those in New Jersey, New York, and Pennsylvania, is declining. Consumers should be rejoicing over …
Brazil airlines shares rise on relief amid Lula push for lower ticket prices
By Gabriel Araujo SAO PAULO (Reuters) – Shares of Brazilian airlines rose on Tuesday on investor relief that a government deal to lower ticket prices …
Biden Admin Locks In Skimpiest Offshore Oil And Gas Leasing Schedule In US History As Prices Remain High At The Pump
Biden Admin Locks In Skimpiest Offshore Oil And Gas Leasing Schedule In US History As Prices Remain High At The Pump Nick Pope on December …
US import prices post second straight monthly decline in November
WASHINGTON (Reuters) – U.S. import prices fell for a second straight month in November amid decreases in the costs of energy products and motor vehicles, …
India’s Nov wholesale prices rise after 7 months of decline
NEW DELHI (Reuters) -India’s wholesale price index in November rose 0.26% from a year earlier, returning to positive territory after seven months on higher food …
Argentina’s surging prices add urgency to new president’s plan
By Miguel Lo Bianco BUENOS AIRES (Reuters) – The relentless pace of creeping prices in Argentina provides the new president’s plan for immediate shock therapy …
New Zealand house prices fall but activity up -REINZ
By Lucy Craymer WELLINGTON (Reuters) – New Zealand house prices fell in November, but more broadly sales activity is improving with more listings coming to …
Airlines urge Brazil, Petrobras to lower jet fuel prices
By Gabriel Araujo SAO PAULO (Reuters) – Airline lobby group IATA has urged the Brazilian government and state-run oil company Petrobras to tweak the way …
India inflation likely rebounded in November on higher food prices – Reuters poll
By Milounee Purohit BENGALURU (Reuters) – India’s retail inflation likely picked up in November due to higher food prices after declining for three months, bringing …
Comcast to raise prices for its Xfinity programs
(Reuters) – Comcast is raising prices for its Xfinity program, the media giant said on Wednesday, as it looks to offset high programming costs. Xfinity …
U.S. Gas Prices Drop to Lowest Since January, But Remain Higher in New Jersey Tri-State Area
TRENTON, NJ – U.S. gasoline prices have reached their lowest point since January, with analysts predicting they could fall below $3 per gallon by Christmas …
Jif parent JM Smucker tops profit expectations on easing costs, higher prices
(Reuters) – J.M. Smucker, which owns Jif peanut butter and Dunkin’ pre-made coffee, beat second-quarter profit expectations on Tuesday, helped by higher product pricing and …
Short supply of homes to push global property prices higher at slower pace: Reuters poll
By Hari Kishan BENGALURU (Reuters) – Global property prices in most major markets will rise over the next two years, albeit at a slightly slower …
Biden Could Jack Up Food Prices, Wreak Environmental Havoc With ‘Sustainable’ Jet Fuel Subsidies
Biden Could Jack Up Food Prices, Wreak Environmental Havoc With ‘Sustainable’ Jet Fuel Subsidies Nick Pope on December 3, 2023 The Biden administration is set …
China new home prices inch up for third month in November – survey
BEIJING (Reuters) – China’s new home prices rose slightly for a third straight month in November, a private survey showed on Friday, as the crisis-hit …
BoC to cut rates starting in Q2 2024, house prices seen flat in 2024: Reuters poll
By Mumal Rathore BENGALURU (Reuters) – The Bank of Canada will start cutting interest rates in the second quarter of next year as inflation and …
US existing home sales to stay subdued next year, along with prices: Reuters poll
By Hari Kishan BENGALURU (Reuters) – U.S. existing home sales are forecast to remain subdued next year and beyond as high mortgage rates force homeowners …
UK regulator to review supermarket loyalty scheme prices
By James Davey LONDON (Reuters) -Britain’s antitrust regulator is launching a review of loyalty scheme pricing by supermarkets, such as Tesco’s Clubcard and Sainsbury’s Nectar, …
British home prices to dip again in 2024 but no crash expected: Reuters poll
By Jonathan Cable LONDON (Reuters) – British home prices will fall again in 2024 after dropping 4% this year as the Bank of England keeps …
China new home prices now seen climbing this year after policy steps: Reuters Poll
By Liangping Gao and Ryan Woo BEIJING (Reuters) – Prices of new homes in China are now expected to climb 3% this year after a …
Hong Kong October home prices drop to lowest since March 2017
HONG KONG (Reuters) – Hong Kong private home prices extended a fall in October, dipping to their lowest since March 2017, official data showed on …
German home prices to plunge further; no respite from surging rents
By Indradip Ghosh BENGALURU (Reuters) – German home prices will fall more than previously thought this year and next as high interest rates sap demand, …
Higher Gas Prices Under Biden Will Take A Bite Out Of Americans’ Wallets This Thanksgiving Weekend
Higher Gas Prices Under Biden Will Take A Bite Out Of Americans’ Wallets This Thanksgiving Weekend Nick Pope on November 23, 2023 While the White …
New Jersey Gas Station Notorious for High Prices Selling at $5 Per Gallon During Thanksgiving
WHIPPANY, NJ – A Lukoil gas station on Route 10 East near the I-287 ramp has drawn significant criticism for its exorbitant gasoline prices. This …
Australia’s home prices hit record high -CoreLogic
SYDNEY (Reuters) – Australian home prices have defied a substantial jump in interest rates to hit a record high, data from property consultancy CoreLogic showed …
Argentine election may boost farmer spending, grain prices -biotech firm Bioceres
By Tom Polansek (Reuters) – Argentina’s farmers may be more willing to spend money on seeds and other agricultural products, hoping that new President-elect Javier …
Factbox-What is OPEC+ and how does it impact oil prices?
(Reuters) – The Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia, are known as OPEC+ and will meet in Vienna, Austria, …
German producer prices fall 11.0% y/y in October
BERLIN (Reuters) – German producer prices fell in line with expectations in October, the federal statistics office said on Monday, continuing a downward trend after …
Gas Prices Dip Under $3 in Ocean County Ahead of Thanksgiving Holiday
TOMS RIVER, NJ – Several gas stations at the Jersey Shore on Friday reported regular gasoline prices under $3.00 for the first time since 2021. …
Western lithium, graphite miners boost prices for ESG-friendly supply
By Ernest Scheyder LOS ANGELES (Reuters) – Western lithium and graphite miners have started charging the electric vehicle (EV) supply chain higher prices for their …
US import prices post largest drop in seven months
WASHINGTON (Reuters) – U.S. import prices fell more than expected in October amid a broad decline in the costs of goods, the latest indication that …
Oman recovering, IMF says, though more reforms required
DUBAI (Reuters) -Oman’s economic recovery is continuing, the International Monetary Fund (IMF) said on Thursday, adding that while it expects growth to rebound in 2024 …
New Zealand house prices dip in October, sales activity steadily improving -REINZ
By Lucy Craymer WELLINGTON (Reuters) – New Zealand house prices fell slightly in October but sales activity is showing a steady improvement on 2022, the …
US producer prices unexpectedly fall in October
WASHINGTON (Reuters) – U.S. producer prices fell by the most in three-and-a-half years in October amid a sharp drop in the cost of gasoline, the …