Inflation News

New Delhi - India's inflation accelerated in March to a three-month high, data showed Tuesday, dashing hopes of an interest rate cut to boost the struggling economy.

London - Britain's 12-month inflation slowed to 1.6 percent in March, the lowest for four and a half years, official data showed on Tuesday.

Washington - U.S. producer prices surged higher in March as demand for services increased the most in four years, government data released Friday showed.The Labor Department said its producer price index rose 0.5 percent in March, after a slight 0.

Frankfurt - The rate of inflation in Germany, Europe's biggest economy, fell to its lowest level in more than three years in March, official final data showed on Friday. The cost of living rose by 1.0 percent on a 12-month basis this month, down from 1.

Beijing - China's inflation rate accelerated to 2.4 percent year-on-year in March, the government said Friday, driven by higher food prices.The increase in the consumer price index (CPI) announced by the National Bureau of Statistics (NBS) was up from the 2.

Washington - U.S. Treasury Secretary Jacob Lew warned the eurozone Wednesday to pay heed to the risk of deflation, adding pressure on European authorities and the European Central Bank to boost growth.

Washington - The International Monetary Fund on Tuesday urged the European Central Bank to act as soon as possible to fend off the deflation threat, amid worries about weak eurozone growth.

Braz - Brazil raised its key interest rate by 25 basis points to 11 percent, as Latin America's largest economy scrambled to contain inflation.

Paris - Weak energy prices pushed down inflation in advanced countries to 1.4 percent in February from 1.7 percent in January, the OECD said on Tuesday against a background of concern that eurozone inflation is too low.In the eurozone, inflation "slowed to 0.

Washington - US consumer incomes and spending gained for the second straight month in February, while inflation pressure remained subdued, the Commerce Department reported Friday.