Inflation

By The June CPI data showed prices for more than half of the basket’s components were rising more than five per cent on an annual basis. REUTERS/Blair GableEven though headline inflation finally fell back to within the Bank of Canada’s target range in June, anyone who pulled out their party hat to celebrate might have…

By The James E Pepper Distillery in Lexington, KentuckyPhoto, courtesy James E Pepper DistilleryOver the last several years, widespread, persistent inflation and significant labor shortages have been a defining feature of the US economy. Recently I sat down with a group of craft distillers to explore how inflation has impacted them. Not surprisingly, all of…

By By Mike Dolan6 Min ReadLONDON (Reuters) – This is no normal economic cycle and pity the poor forecaster.FILE PHOTO: A person arranges groceries in El Progreso Market in the Mount Pleasant neighborhood of Washington, D.C., U.S., August 19, 2022. REUTERS/Sarah Silbiger/For policymakers, investors or market traders, it’s been a bruising few years. Unprecedented shocks…

By Here’s a number you probably heard a lot about last week: 3%. It’s the annual rate of U.S. inflation — the increase in the Consumer Price Index — from June 2022 to June 2023. It’s the lowest inflation we’ve seen since the spring of 2021. Now, some other numbers for you: 8.7%, 6.4% and 4.8%. Those are the…

By The inflation dragon is breathing a lot less fire, but it’s far from dead. The rate of inflation slowed sharply to 3% in June from a 40-year high of 9.1% a year earlier, the consumer price index showed. Wholesale prices have come down even more with the producer price index now essentially flat over…

By Disinflationary trends in the US are taking hold partly because of China’s weakening economy, according to Ed Yardeni.Yardeni said on Thursday that the US could continue to see lower inflation without a recession.China’s aging demographic profile and weak consumer spending is disinflationary for the US, Yardeni said. Loading Something is loading. Thanks for signing…

By A lot of signs, including Wednesday’s consumer price index, are pointing to the idea that inflation is easing. It was 3% year over year in June. That’s partly because some of the sectors that have seen the most overheated price jumps have cooled down. It’s been a long time since we’ve heard the phrase…

By Panelists Kevin O’Leary and Sandra Smith give their take on the Federal Reserve’s response to inflation on “Kudlow.” Inflation cooled sharply in June for the second straight month, but some parts of the country are seeing steeper price declines than others.  The consumer price index, a broad measure of the price for everyday goods…

By The numbers we got on inflation Wednesday were good numbers. Really good numbers. The consumer price index for June came in kinda like a lamb — milder than economists predicted: up 0.2% from May and just 3% from a year ago. At that point, remember, inflation was running three times what it is now….