Inflation accelerated in October, offering first look at prices since election
Consumer prices rose 2.6% in October compared to a year ago, ticking upward from the previous month and reversing some of the cooldown achieved in recent months, U.S. Bureau of Labor Statistics data on Wednesday showed. The fresh report matched economists' expectations.
Nigeria inflation rises for second month in October
Nigeria's inflation rate rose for the second straight month in October, advancing to 33.88% in annual terms from 32.70% in September, data from the statistics agency showed on Friday.
Inflation progress stalls in US in October
Price increases in the US picked up last month, as progress toward stabilising prices appeared to stall. Consumer prices rose 2.6% over the 12 months to October, the Labor Department said. That marked a slight uptick from 2.
U.S. inflation rose 2.6% in October, a month after Fed's first rate cut
U.S. inflation rose 2.6% on an annual basis last month, representing an uptick from September when the Federal Reserve began cutting interest rates amid signs of cooling prices and a weaker labor market.
Inflation rose to 2.4% in October in producer price index
Inflation, as measured by the producer price index, rose six tenths of a percentage point to 2.4% for the year ending in October, the Bureau of Labor Statistics reported Thursday, a troubling sign that inflation pressures remain strong.
October inflation numbers meet forecast
Prices were 2.6% higher than a year ago. But wage growth continues to outpace inflation. Also: the history of the federal income tax.
Inflation hit a bump in October after slowing for six straight months
The annual rate of inflation moved higher last month for the first time since March, as expected — but economists say the underlying trend remains favorable for another round of interest rate cuts.
Inflation Stayed At Steady Pace In October
The inflation trajectory is likely favorable enough to keep the Fed on track to cut borrowing costs at its next meeting in December. The election of Donald Trump has fueled fears of inflation reigniting if he implements the tariffs he promised on the campaign trail.
Rate will move lower long as we keep making progress toward 2% inflation, says Fed's Austan Goolsbee
Rate will move lower long as we keep making progress toward 2% inflation, says Fed's Austan Goolsbee Austan Goolsbee, Chicago ...
Inflation Data Boots Wall Street as Stocks Hover Near Records
The new numbers have boosted hopes that more help for the economy will arrive next month from another cut to interest rates.
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Inflation Rose Slightly in October, But Two-Year Downward Trend Remains
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U.S. inflation rose 2.6% in October, a month after the Federal Reserve began cutting rates
U.S. inflation rose 2.6% on an annual basis last month, representing an uptick from September when the Federal Reserve began ...
Inflation Ticks Up, as the Fed’s Victory Remains Incomplete
Inflation has cooled notably, but a pickup in annual price increases underscores that it is not fully back to normal.
Inflation rose right before the election, posing challenges for Trump
Wednesday’s report shows inflation edged up at a 2.6 percent annual rate in October, compared with a 2.4 percent gain in the ...
Import prices post biggest increase in six months and add to U.S. inflation
The cost of imported goods snapped back in October and added a bit more upward pressure to U.S. inflation, largely because of ...
Powell says Fed will likely cut rates cautiously given persistent inflation pressures
Chair Jerome Powell says the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming ...
UK inflation worries tick up after big-spending budget and Trump win
Just when Britain seemed to be moving beyond its inflation problem, the new government's spending splurge and the risk of a ...
Inflation May Not Be Tamed. How Commodities Can Protect Your Portfolio.
It may be time to scoop up commodities, as higher inflation potentially looms under a Trump administration and the ...