Inflation ticked up in Dec., CPI report shows
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Inflation rose again in September, revealing the persistence of rising prices as the job market shows signs of cooling and consumers head into the holiday season. Consumer prices increased 3% from a year earlier, slightly up from 2.9% in August ...
Black Friday sales before Christmas contributed to price falls in furniture, footwear and clothing, suggesting some of the price relief may only be temporary.
Trimmed mean inflation – which is a measure of inflation that strips out the impact of the biggest price movements and is closely watched by the Reserve Bank – dropped from 3.3 per cent in October to 3.2 per cent in November, broadly in line with the bank’s latest forecasts.
The latest inflation figures are an important piece of the puzzle for the Reserve Bank ahead of its next interest rate decision in February.
Headline inflation has come in lower than expected. But will that mean an interest rate reprieve? Not necessarily, economists say.
Cash-strapped mortgage holders are being warned an interest rate hike in February is still possible, with experts awaiting a key figure at the end of the month.
In 2020, the Federal Reserve (the Fed) responded to an acute recession by cutting interest rates and launching large-scale asset purchases to support credit and stimulate demand. Then, inflation in 2021 and 2022 reached levels not seen since the 1980s.
Savers are being urged to lock in an account with high returns as soon as they can, as experts predict that lower-than-expected inflation figures will trigger rate cuts within the next few days. Inflation in the year to November was 3.2 per cent according ...
High inflation in Nigeria caused a N14.29tn real-term drop in household spending, eroding purchasing power and pushing millions more into poverty.
Monetary policy guides inflation and economic growth. Learn what it means, the main types, and how central banks manage interest rates and stabilize the economy.
Savings rates in Germany are expected to be stable until at least mid-2026, though at the moment rates are below the inflation rate, meaning savings are losing value. The annual rate of consumer price inflation for November, the most recent data available ...