Wholesale prices flatten out in July and inflation eases. A Fed rate hike is in doubt.

The latest readings on inflation could deter central bank from raising borrowing costs.

Dollar stalls after benign US inflation curbs Fed rate hike bets  Reuters

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.

Move gives ECB more breathing room, though rate rise still expected in September

The PPI reading was lower than the 7.4% expected by economists polled by Reuters, and was down from a revised 7.3% seen in June.

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

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.

Grocery prices in the United States continue to rise faster than policymakers would like. The consumer price index (CPI) increased to 3.4% year on year last month, just one-tenth of a percentage point lower than the previous month, according to data published on Wednesday by the Bureau of Labor Statistics (BLS), the ag

Grocery prices in the United States continue to rise faster than policymakers would like. The consumer price index (CPI) increased to 3.4% year on year last month, just one-tenth of a percentage point lower than the previous month, according to data published on Wednesday by the Bureau of Labor Statistics (BLS), the ag

Consumer prices in July were up 3.4% from a year ago — a smaller annual increase than in May or June. The news makes it less likely the Fed will feel the need to raise interest rates in September.

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

The Cleveland Fed president dissented at last month's policy meeting and says current rates are not meaningfully restricting the economy

The Bank of Korea should keep raising interest rates after its first hike in more than three years, as strong growth and persistent inflation outweigh recent stabilization in the won and stock market, a senior central bank official said Tuesday. "Looking ahead, growth is expected to remain solid on the back of unpreced