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Inflation News

Waiting in line to shop — A profession in Venezuela

Caracas - Shortages of basic goods and long lines of consumers hoping to buy them have spawned a new profession in crisis-hit Venezuela: waiting in line to buy things for other people.

Beaten Silva party backs Brazil challenger Neves

Bras - The party of beaten Brazil presidential candidate Marina Silva said Wednesday it is backing Social Democrat challenger Aecio Neves in his run-off battle against incumbent Dilma Rousseff.

Op-Ed: Inflation and quality of life in North America

Financial commentators have written about the 2.4% rise in inflation that Canada recently saw. Media writers are correct worry and there is plenty of evidence for that assertion.

India inflation accelerates, rate cut hopes dashed

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.

Britain's annual inflation slows to 1.6%: official data

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.

U.S. producer prices jump in March

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.

German inflation hits three-year low in March

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.

China inflation accelerates to 2.4% year-on-year in March

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.

U.S. warns eurozone over deflation risk

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.

IMF presses ECB to act soon against deflation

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.

Brazil hikes key rate to 11 percent

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

OECD inflation falls to 1.4%, crimped by energy prices

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.

US incomes, spending rise in February; inflation low

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

German inflation hits three-year low in March

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

Spain reports price drop as eurozone fears deflation

Madrid - Spain reported Friday its first fall in consumer prices in more than four years, feeding fears that the eurozone could fall into the grip of a deflationary spiral.Consumer prices fell at annual rate of 0.2 percent in March after crawling 0.

US consumer prices tick up in February

Washington - US consumer prices rose slightly for the second month in a row in February, led by gains in food prices, the Labor Department said Tuesday.The consumer price index rose 0.1 percent, matching the January gain.

Moody's cuts Argentina rating as inflation stays high

Buenos Aires - Moody's lowered its credit rating for Argentina by one step Monday, citing a sharp fall in the country's reserves and inconsistent economic policies.The fresh blow to the country came as Buenos Aires reported that prices rose 3.4 percent in February ov...

Argentina's inflation rate 3.4% in February

Buenos Aires - Argentina saw inflation of 3.4% in February, 0.3% lower than January, under a new price index drawn up with IMF advice, Economy Minister Axel Kicillof said Monday.Private analysts were expecting a rate around 4.3%.Kicillof, in a press briefing, linked ...

Venezuela inflation tops 57% amid protests

Caracas - Annual inflation in Venezuela, one of the driving forces behind a wave of anti-government protests, hit 57.3 percent in February, the central bank said Friday.Demonstrators have poured almost daily into the streets of the capital Caracas and other majo...

ECB 'not complacent about low inflation': board member

Frankfurt - The European Central Bank is not being complacent about low eurozone inflation, even though it did not cut interest rates this month, one of its a board members said on Tuesday."We have room left to act.

China inflation falls to 2.0% year-on-year in February

Beijing - China's inflation rate dropped to 2.0 percent year-on-year in February, down from 2.5 percent in January, the government said Sunday.The consumer price index (CPI) figure announced by the National Bureau of Statistics matched the median forecast in a p...

Canada keeps rates steady, says weak inflation still a risk

The Bank of Canada continued to express concerns about weak inflation on Wednesday - even after consumer prices picked up markedly in January - and repeated that its next move on interest rates could be either up or down.

South Korea inflation slows to 1.0% in February

Seoul - South Korean consumer prices rose 1.0 percent in February as stable prices of farm produce helped keep inflation in check, state data showed Tuesday.The on-year increase in the consumer price index compared to 1.1 percent inflation posted in January, s...

US consumer spending rises more than income in January

Washington - US consumer spending rose more than personal income in January, government data released Monday showed. ....................... ....................... ....................... ......................

IMF chief warns of low inflation menace to eurozone

Madrid - IMF chief Christine Lagarde urged the eurozone on Monday to fight persistently low inflation, warning that it presents a looming threat to economic recovery in the region.Key risks menace the 18-nation eurozone even as it emerges from recession, the In...

Eurozone jobless, inflation rates steady

Brussels - The eurozone unemployment rate was steady at a near-record 12 percent in January, with a modest economic recovery yet to produce any sharp headline improvement, while February inflation was also flat, data showed on Friday.The official figures suggest ...

Spanish inflation drops to zero in February

Madrid - Spain's inflation rate dropped to zero in February, an official estimate showed Friday, as fears of a damaging deflationary spiral haunted sluggish eurozone economies.Consumer prices were unchanged in February after edging up by just 0.3 percent in Jan...

No deflation in eurozone: ECB chief Draghi

Frankfurt - Inflation in the eurozone is currently very low but there is no danger of deflation -- a widespread fall in prices -- European Central Bank chief Mario Draghi said Thursday."At this point in time, we do not have evidence of consumers postponing expendi...

Eurozone inflation steady at 0.8% in January: Eurostat

Brussels - Eurozone inflation held steady at 0.8 percent in January from the same figure in December, official data showed on Thursday, easing concerns of deflationary pressure on growth.A second estimate from the Eurostat statistics office showed year-on-year in...

Euro zone inflation shows biggest monthly fall in January

Euro zone consumer prices fell in January at their fastest ever pace on a monthly basis, dragged down by a slump in the cost of non-energy industrial goods, keeping annual inflation wel...
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Inflation Image

Petrol prices are rising at levels of around 25p per year for just a litre
Petrol prices are rising at levels of around 25p per year for just a litre
Richard Law