Inflation in Spain rises in July to 3.6%, worst rate since May 2024

Spain has logged five months in a row of annual inflation above 3%, driven by dearer electricity and fuel as the partial closure of the Strait of Hormuz persists. In July, power prices top €100 per MWh, the highest year-on-year figure since 2022.

TOKYO, Aug 13 : Japan's annual wholesale inflation continued its surge in July, data showed on Thursday, highlighting broadening price pressures and reinforcing market expectations of an interest rate hike in September.The producer price index rose 7.2 per cent in July from a year earlier, after a revised 7.3 per cent

Japan's wholesale inflation spikes in July, bolsters rate-hike chance  Reuters

The inflation data, along with a weak July jobs report, bolster the argument for a hold on rates.

The annual rate of inflation began to accelerate again in July after slowing in June, the U.S. Bureau of Labor Statistics reported on Wednesday.

The Consumer Price Index rose 3.4% in July over the past 12 months, cooling slightly from 3.5% in June, the Bureau of Labor Statistics said Wednesday.

Statistics agency revises up figure with respect to its preliminary estimate

A surprising decline in U.S. jobs last month isn’t enough to discourage the Federal Reserve from raising interest rates soon, but a tame inflation report for the second straight month could do the trick.