US annual inflation eases to 8.5% as fuel prices fall US annual inflation eased slightly in July as fuel prices fell, but remained stubbornly high at 8.5%, according to official data today. Business • 10 Aug
Fed flags risk US inflation could become entrenched US central bankers last month flagged the concern that sky-high inflation could become a permanent fixture, and stressed their readiness to continue raising interest rates … Business • 07 Jul
US consumer spending beats forecasts as inflation soars US consumer spending increased more than expected in March amid strong demand for services, while monthly inflation saw the biggest increase since 2005. Business • 29 Apr
US consumer spending slows sharply in February US consumer spending slowed significantly in February, while price pressures continued to mount, with inflation posting its largest annual gain since the early 1980s. Business • 31 Mar
US inflation sees biggest increase in 40 years US consumer prices surged in February, culminating in the largest annual increase in 40 years, new figures show today. Business • 10 Mar
US consumer prices post largest annual gain in 40 years US consumer prices rose in January, leading to the biggest annual increase in inflation in 40 years, which could fuel financial markets speculation for a … Business • 10 Feb
US consumer spending falls in December; inflation up US consumer spending fell in December, suggesting the economy lost speed heading into the new year amid snarled supply chains and raging Covid-19 infections. Business • 28 Jan
Fed sees rate hikes 'sooner' as inflation spikes US Federal Reserve officials last month were concerned about the Omicron impact, but believed the US economy had recovered enough from the pandemic downturn that … Business • 06 Jan
Price hikes and shortages don't stop US shoppers Retail sales remained brisk at American businesses last month, despite shortages of some goods and a wave of inflation that has pushed prices higher, government … Business • 16 Nov 21
Oil extends losses triggered by US inflation fears Oil prices dropped to $82 a barrel today, extending sharp falls triggered by concerns over rising US inflation while OPEC cut its 2021 oil demand … Business • 11 Nov 21
US consumer prices surge on higher fuel, food costs US consumer prices increased more than expected in October as the cost of petrol and food surged, leading to the biggest annual gain since 1990. Business • 10 Nov 21
US prices rose 4.3% annually in August Inflation continued to rise in the US in August, while spending and incomes also climbed, according to government data released today. Business • 01 Oct 21
US consumer prices slow sharply in August Underlying US consumer prices increased at their slowest pace in six months in August, suggesting that inflation had probably peaked, though it could remain high … Business • 14 Sep 21
US inflation to remain high for months before falling US inflation will remain "elevated" in coming months but will decline once supply bottlenecks and other temporary issues are resolved, Federal Reserve Chair Powell said … Business • 14 Jul 21
Fed surprised by higher than expected inflation spike Rising prices amid the recovery from the pandemic shutdown were predicted, but the recent jump in US inflation was higher than Federal Reserve officials had … Business • 08 Jul 21
US consumer spending takes a breather in May US consumer spending was unchanged in May, as shortages hurt purchases of goods like cars, but the supply constraints helped to boost inflation. Business • 25 Jun 21
US prices jump 3.6% in April compared to April 2020 US inflation climbed 3.6% in April compared to the same month in 2020 as prices recovered from the mass business disruptions caused by the Covid-19 … Business • 28 May 21
Fed's Powell pledges low rates until inflation hits 2% US Federal Reserve Chair Jerome Powell has today pledged that the bank will keep benchmark lending rates low until the economy is at full employment … Business • 23 Feb 21
Fed touts economic recovery, vows to keep rates low The Federal Reserve has vowed to keep interest rates near zero until inflation is on track to overshoot its 2% target, a bold new promise … Business • 17 Sep 20
Virus, low oil prices take toll on April US inflation Falling prices for just about everything besides food sent US inflation dropping in April by the largest amount since the global financial crisis in 2008, … Business • 12 May 20
US consumers hit the brakes in September US consumers tightened their purse strings unexpectedly last month, breaking a seven-month winning streak, government data showed today. Business • 16 Oct 19
US consumer inflation nudges higher on dearer fuel A key measure of US consumer inflation in April took its biggest jump in five months as prices for fuel, shelter and medical care rose, … Business • 10 May 19
US consumer spending posts biggest increase since 2009 US consumer spending increased by the biggest gain in more than nine and a half years in March, but price pressures remained muted, with a … Business • 29 Apr 19
US consumer prices cool in February The falling price of energy drove US consumer inflation in February to its slowest annual pace more than two years, according to government data released … Business • 12 Mar 19
US inflation to fall further below 2% target - Powell Despite solid growth and continuing job gains, the US economy will see inflation fall even further below the Fed's 2% goal, at least for a … Business • 26 Feb 19
