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UK consumer price inflation eases to 3.6% in October

British consumer price inflation fell to 3.6% in October from September's joint 18-month high of 3.8%, official figures showed today, the first drop since May and one which offers some relief to the government and the Bank of England.

Business • 10 mins

The Bank of Canada has cited stable inflation as one of the prime reasons to signal a halt in rate cuts last month

Canada's inflation rate in October eases to 2.2%

Canada's annual inflation rate in October eased to 2.2% as gasoline prices dropped, food prices eased and mortgage interest costs came down below the 3% mark, data showed today.

Business • 17 Nov

Close-up on a woman looking at a receipt after shopping at the supermarket - cost of living concepts

Annual inflation rises to 19-month high of 2.9% - CSO

New figures from the Central Statistics Office show that the annual rate of inflation rose to 2.9% in October, up from 2.7% the previous month.

Business • 13 Nov

Image of an Indian vegetable seller selling produce inside a subway with people walking by

India's inflation tanks to record low in October

India's retail inflation slumped to a record low of 0.25% in October, driven by a sharp fall in food prices and tax cuts on consumer goods and paving the way for a rate cut by the central bank in December.

Business • 12 Nov

China's consumer prices rose in October

China's consumer prices rose in October, official data released over the weekend showed, reversing months of stagnation and decline as the country battles a range of economic headwinds.

Business • 10 Nov

No interest rate changes from Bank of England

The Bank of England kept borrowing costs on hold today but a narrow vote and signs that Governor Andrew Bailey might soon join those seeking a rate cut keeps the door open for a move after the government's budget later this month.

Business • 07 Nov

Australia's central bank holds interest rates steady

Australia's central bank has today left its cash rate steady as expected at 3.6%, saying it was cautious about easing further given higher inflation, firmer consumer demand and a revival in the housing market.

Business • 04 Nov

Inflation in Turkey, which exceeded 75% in May 2024 before starting to fall, is now at its lowest level since November 2021

Turkey inflation eases to lowest level since 2021

Turkish inflation eased slightly in October, reaching 32.87% - its lowest figure in nearly four years, official data showed today after rising for the first time in more than a year the previous month.

Business • 03 Nov

Euro coins sit next to each other, and a fragment of a 100 euro banknote sits in the background

Euro zone inflation eases a touch in October

Euro zone inflation slowed a touch in October and continued to hover near the European Central Bank's 2% target, confirming the bank's message that the economy remains on the relatively benign path it projected earlier.

Business • 31 Oct

Euro zone consumers maintain benign inflation view - ECB

Euro zone consumers have lowered their inflation expectations for the next year and kept unchanged their view further ahead, indicating that price growth is no longer a major worry, the European Central Bank's Consumer Expectations Survey showed.

Business • 28 Oct

US inflation rose less than expected in September

US consumer inflation continued to heat up last month, but by less than expected, according to official data published nine days late due to the ongoing government shutdown.

Business • 24 Oct

Prices for rice in September climbed 48.6% year-on-year, though the rate has eased from recent months, having hit around 100% in June

Japan inflation rises as new PM eyes economic package

Japanese inflation accelerated last month, official data showed today, ahead of a maiden policy speech by new Prime Minister Sakae Takaichi who has promised to ease pressure on households.

Business • 24 Oct

Turkey's central bank today lowered its key interest rate for the third time in a row

Turkey cuts key interest rate to 39.5% - central bank

Turkey's central bank said today it had lowered its key interest rate for the third time in a row, in line with analysts expectations.

Business • 23 Oct

A sign in front of the European Central Bank in Frankfurt

ECB to pause rates at least until 2027 - poll

The European Central Bank has finished cutting interest rates as inflation holds around its 2% target and the economy marches steadily on, according to a growing majority of economists in a Reuters poll.

Business • 22 Oct

Grocery price inflation in October reached its highest level since December 2023, the latest figures from Worldpanel by Numerator show

Grocery price inflation hits 6.5% in October

Grocery price inflation in October reached its highest level since December 2023, hitting 6.5%, new figures show today.

Business • 20 Oct

Inflation and savings - what you need to know

Irish people are committed savers. The majority who save have their money safely in banks or credit unions. The problem is that over half earn less than 1% interest.

Business • 20 Oct

China's consumer price index - a key measure of inflation - dropped 0.3% year-on-year in September

China's consumer spending prices fell again last month

China's consumer prices continued to fall last month, with official data highlighting the battle leaders face in trying to kickstart domestic spending in the world's number two economy while fighting a trade war with the US.

Business • 15 Oct

ECB eyes keeping rates steady for now - minutes

The European Central Bank believes current interest rate levels are robust enough in "managing shocks", minutes of its September meeting showed today, fuelling expectations of no further cuts for now.

Business • 09 Oct

Annual inflation rises to 18-month high of 2.7% - CSO

New figures from the Central Statistics Office show that consumer price inflation rose to an 18-month high of 2.7% in September, up from 2% the previous month.

Business • 09 Oct

ECB rate decisions sensitive to inflation risk shifts

The European Central Bank will be attentive to any shift in the risk profile of euro zone inflation and the case for further policy easing would be strengthened if the risk of undershooting the target increased, ECB chief economist Philip Lane said.

Business • 06 Oct

Turkish inflation accelerated for the first time in over a year in September to hit 33.29%

Turkey inflation ticks up for first time in over a year

Turkish inflation accelerated for the first time in more than year in September, reaching 33.29%, official data showed today.

Business • 03 Oct

Euro zone inflation picks up to 2.2% in September

Euro zone inflation accelerated last month on higher services prices and a smaller decline in energy costs, likely reinforcing bets on the ECB keeping interest rates on hold for some time.

Business • 01 Oct

Inflation hits 20-month high of 2.7% - flash estimate

Consumer prices rose by 2.7% on an annual basis in September from 1.9% a month earlier, a flash estimate of the Harmonised Index of Consumer Prices from the Central Statistics Office show today.

Business • 30 Sep

Australia's central bank holds rates steady

Australia's central bank has left its cash rate steady as expected at 3.6%, saying recent data suggested inflation might be higher than forecast in the third quarter and that the economic outlook remained uncertain.

Business • 30 Sep

Australia's inflation tops one-year high in August

Australian consumer prices rose at the fastest annual pace in a year in August after a hot July, suggesting some upside to inflation that prompted markets to pare back the chances of imminent policy easing.

Business • 24 Sep