UK's stubborn inflation fails to fall, turning up heat on BoE
British inflation defied predictions of a slowdown and held at 8.7% in May, putting yet more pressure on the Bank of England a day before it is expected to raise interest rates for the 13th time in a row.
Argentina to Hike Rates in Bid to Stem Inflation Crisis
(Bloomberg) -- Argentina will unveil a set of emergency measures in a bid to stem additional currency losses, including a large increase to its key interest rate, as inflation spirals out of control in the run up to presidential elections, according to officials at the Economy Ministry and the central bank.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffRemote Work Comes With Daytime Drug and Drinking HabitsTurkey Poised for Vote Runoff as Erdogan Ballots Fal
Fed needs a recession to win inflation fight, study shows
The Federal Reserve will be hard-pressed to lower inflation without a significant blow to U.S. economic activity and a sharp rise in unemployment, and even then may miss its 2% inflation target for years to come, a group of top economists concluded after a review of central banks' past inflation battles.
Soaring US egg prices put pressure on consumers, businesses
OMAHA, Neb. (AP) — Chickens may not be able to fly very far, but the price of eggs is soaring. A lingering bird flu outbreak, combined with soaring feed, fuel and labor costs, has led to U.S. egg prices more than doubling over the past year, and hatched a lot of sticker shock on grocery aisles.
The answer to when inflation will revert to its long-run average likely depends on whether we are still in the “Great Moderation” regime of less volatile inflation.
St. Louis Fed’s Bullard Presents The Prospects for Disinflation in 2023
Federal Reserve Bank of St. Louis President James Bullard presented 'The Prospects for Disinflation in 2023' at an event hosted by CFA Society St. Louis.
These 7 charts show how life got pricier (and, yes, cheaper!) in 2022
Boy, have we talked a lot about inflation. It affected every part of our lives (and the economy) in 2022. Here are some of its highest highs and lowest lows. (It wasn't all bad news!)
US consumer inflation eased to 7.7% over past 12 months
WASHINGTON (AP) — Price increases moderated in the United States last month in the latest sign that the inflation pressures that have gripped the nation might be easing as the economy slows. Consumer inflation reached 7.7% in October from a year earlier and 0.4% from September, the government said Thursday.
Disney World increases ticket prices for second time in a year
If you're planning on going to Walt Disney World in 2023, you can still buy next year's tickets at current rates until December 8. That's when prices on most ticket types will be increasing, including single-day tickets, multi-day passes and annual pass renewals.
Your Paycheck Next Year Will Be Affected by Inflation. Here’s How.
If you get a raise, you may not end up in a higher tax bracket. But more of your income may be subject to Social Security taxes. And you’ll probably pay more for health care.