Inflation

The Consumer Prices Index (CPI) stood at 4.0 percent last month, the Office for National Statistics (ONS) said in a statement.

Hispanic Consumer Confidence Increases as Inflation Stabilizes in the U.S.

The European Central Bank is expected to stand pat Thursday and call for patience in the ongoing battle against inflation, pushing back against market hopes of rapid interest rate cuts.

Many residents in Havana, the capital of Cuba, have shared that there has been an increase in the price of several commodities since the government's announcement.

The debate is heating up as European Central Bank policymakers meet this week, with many observers now expecting its benchmark lending rates to start coming down by this summer.

Prices in the world's third-largest economy, excluding volatile fresh food, rose 2.3 percent year-on-year in December, down from 2.5 percent the previous month.

The US Federal Reserve is "within striking distance" of reaching its long-term inflation target and could begin cutting interest rates this year, a senior official said Tuesday.

Argentina's annual inflation surged beyond 200 percent in 2023, the statistics agency said Thursday, as the country grapples with an economic crisis new President Javier Milei has vowed to address by slashing state spending.

A "Vibes" survey from Axios and the Harris Poll illustrated respondents' feelings about certain key issues, rather than hard data

US vehicle sales got a boost from strong demand in 2023, due in part to attractive offers by automakers and dealers in the face of high interest rates and stubborn inflation.

Market sentiment has been largely positive since the Fed's last meeting, when it indicated the rate-hike cycle could be nearing its end, with inflation beginning to slow.

As per the board members of the bank, inflation continues to decline with annual variations in the total and core CPI (Consumer Price Index) standing at 4.8 and 6.0%, respectively. However, the bank noted that the inflation exceeded the expectations due to volatile prices.

Latinos increased their wealth by 42% between 2019 and 2021; however, one in seven Latino households remain in debt

Three other cities in Latin America featured as the ones who climbed the most places in The Economist Intelligence Unit's report

The imminent end of the agreement on price controls is fanning inflation even more, says economist Hernan Letcher

Polls have the candidates neck-and-neck, with Javier Milei at a very slight advantage over Sergio Massa

Prices in the Florida region have increased 7.4 percent when the average for all cities tracked is 3.2 percent

Articles of clothing are exchanged for a bag of pasta, some sugar, a few biscuits. Some items sell for a few hundred pesos -- the equivalent of a few dimes.

The so-called core consumer price index, considered a better gauge to measure price increases, was below expectations in October

The US Federal Reserve is prepared, if needed, to hike interest rates further in order to bring inflation down to its long-term two percent target, Fed Chair Jerome Powell said Thursday.

Analysts and traders parsing recent Fed speeches overwhelmingly expect the US central bank to hold rates steady for the second meeting in a row as it looks to return inflation to its long-term target of two percent.

Analysts have raised fears of a downturn as the US central bank started lifting interest rates rapidly last year to fight inflation, but the world's biggest economy has so far defied these predictions

A decision to stand pat would end a streak of 10 straight hikes that has seen interest rates climb faster and further than ever.

Consumer prices in the 20-nation currency bloc rose at an annual rate of 4.3 percent in September, its lowest rate in almost two years. The figure remains clearly above the ECB's two-percent target, but the pain of rising interest rates has been increasingly felt across the bloc.

US inflation is "still too high" despite a recent slowdown, Federal Reserve Chair Jerome Powell said Thursday, leaving the door open for a new interest rate hike.

Argentina is Latin America's third-largest economy, bursting with natural resources, but has been unable to claw its way out of decades of economic instability that has brought its population to its knees.

This is the sixth time the bank has raised its key rate in the same year.

The consumer price index (CPI), a closely watched inflation gauge, rose 3.7 percent from a year ago, the same rate as in August, the Labor Department said.

The US Federal Reserve's fight against inflation seems to be heading in the right direction, while the US economy remains resilient, a senior Fed official said Wednesday.

Strains in China's vast property market also prompted the WTO to cut its trade growth forecast to just 0.8 percent this year, less than half the increase it had previously projected.