Consumer prices
Japan real wages down again after summer bonus bump, spending falls
In the streets of Ginza district of Tokyo, Japan. Shiho Fukada | Bloomberg | Getty Images Japan’s inflation-adjusted wages fell in August after two months of increases during the summer bonus season, while household spending also declined, data showed on Tuesday, knocking chances of the central bank raising interest rates any time soon. Real wages […]
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Thai headline inflation quickens in September, still below central bank target
People on the Mahanakorn skywalk overlooking Bangkok, shot on March 17, 2023. Lillian Suwanrumpha | Afp | Getty Images Thailand’s annual headline inflation quickened in September due mainly to higher prices of diesel and some vegetables, the commerce ministry said on Monday, and was still below the central bank’s target range of 1% to 3%. The headline consumer price index rose 0.61% in September from a year earlier, […]
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Here’s the deflation breakdown for August 2024 — in one chart
Key Points Deflation, contrary to inflation, is when prices fall for certain goods and services. Deflation tends not to occur across the overall U.S. economy outside of recessions. However, consumer prices have fallen in some categories, such as cars, household furniture and appliances, airfare, and certain groceries since August 2023, according to the consumer price […]
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Consumer prices rose 0.2% in August as annual inflation rate hits lowest since early 2021
Prices increased as expected in August while the annual inflation rate declined to its lowest level since February 2021, according to a Labor Department report Wednesday that sets the stage for an expected quarter percentage point rate cut from the Federal Reserve in a week. The consumer price index, a broad measure of goods and […]
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Two key inflation reports this week will help decide the size of the Fed’s interest rate cut
People shop at a store in Brooklyn on August 14, 2024 in New York City. Spencer Platt | Getty Images The Federal Reserve gets its last look this week at inflation readings before it will determine the size of a widely-expected interest rate cut soon. On Wednesday, the Labor Department’s Bureau of Labor Statistics will […]
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Here’s the deflation breakdown for July 2024 — in one chart
Key Points The inflation rate has throttled back significantly from its pandemic-era highs. Some areas of the U.S. economy have experienced deflation. Their prices have declined. They include prices for physical goods like cars and trucks, clothing, furniture, as well as other categories like airline fares and some food items. Source
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Annual inflation rate slows to 2.9% in July, lowest since 2021
Signs reading, ‘please bear with us: we are currently experiencing interruptions in our supply chain which may affect the availability of certain products,’ is seen taped to the drive-up menu at a Wendy’s restaurant on May 06, 2020 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images Inflation rose as expected in […]
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Wednesday’s big CPI inflation report could mark a change in thinking for the Fed
Product prices as seen at Walmart. Courtesy: Walmart The news Tuesday was good for inflation, and investors hope it will get even better Wednesday when the Labor Department releases the July consumer price index report. With the score being one down, one to go on confirming that the early-year jump in prices either was a […]
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LVMH puts mark on Olympics as luxury brands embrace sports
The 2024 Paris Olympic Games medals are displayed inside a custom-designed trunk manufactured by Louis Vuitton, an LVMH brand partner of the Paris Olympic and Paralympic Games, during a gathering at LVMH in Paris on July 22, 2024, ahead of the start of the 2024 Paris Olympic Games. Stephane De Sakutin | AFP | Getty […]
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Japan’s new currency diplomat keeps intervention on table to stabilize yen
An employee counts Japanese yen notes in Tokyo, Japan. Tomohiro Ohsumi | Getty Images Japan will retain its basic approach on the yen with intervention remaining an option to tackle excessively volatile moves in the exchange rate, the country’s new top currency diplomat Atsushi Mimura told Reuters. “Japan will act under internationally agreed commitments that exchange rates should be determined by markets, but that […]
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