FRANKFURT (Reuters) – European Central Bank policymakers still see the recent inflation surge as temporary but a growing number appear to be acknowledging the risk that price growth may exceed their relatively benign projections.FILE PHOTO:
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Inflation is popping from Sydney to San Francisco. It may be a good sign
Inflation has surged across advanced economies. The shared experience underlines that price gains come from temporary drivers — for now. Price gains are shooting higher across many advanced economies as consumer demand, shortages and other
Read moreChina's July factory price growth quickens, adds to business cost pressures
BEIJING (Reuters) -China’s factory gate inflation in July rose at a faster clip from the previous month and exceeded market expectations, adding to strains on an economy losing recovery momentum as businesses struggle with high
Read moreInflation shock: NZ consumer prices surge 3.3 per cent
New inflation data shows prices rose even more than many expected in the June quarter. The Consumer Price Index was up 3.3 per cent year – the market had forecast 2.7 per cent. This was
Read moreU.S. import prices rise solidly in June
FILE PHOTO: Ships and shipping containers are pictured at the port of Long Beach in Long Beach, California, U.S., January 30, 2019. REUTERS/Mike Blake/File PhotoWASHINGTON (Reuters) – U.S. import prices increased solidly in June as
Read moreThe Fed chair says inflation will likely remain high in coming months.
Jerome H. Powell, the Federal Reserve chair, told House lawmakers that inflation has increased “notably” and is poised to remain higher in coming months before moderating — but he gave no indication that the recent
Read moreU.S. producer prices post biggest annual increase in more than 10-1/2 years
WASHINGTON (Reuters) – U.S. producer prices accelerated in June, leading to the largest annual increase in more than 10-1/2 years, suggesting inflation could remain high as robust demand fueled by the economy’s recovery from the
Read moreU.S. producer inflation posts biggest annual gain in more than 10-1/2 years
WASHINGTON (Reuters) -U.S. producer prices surged in June, leading to the largest annual gain in more than 10-1/2 years, suggesting inflation could remain high as robust demand fueled by the economy’s recovery from the COVID-19
Read morePowell says inflation, though elevated, will likely moderate
WASHINGTON — Federal Reserve Chair Jerome Powell suggested Wednesday that inflation, which has been surging as the recovery strengthens, “will likely remain elevated in coming months” before “moderating.” At the same time, Powell signaled no
Read moreThe Federal Reserve chair says inflation will likely remain high in coming months.
Jerome H. Powell, the Federal Reserve chair, is set to tell House lawmakers that inflation has increased “notably” and is poised to remain higher in coming months before moderating — but he will make no
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