Food Prices Fell in May Easing Inflation Pressures on Consumers
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UK inflation falls to lowest level since late 2021 as food prices ease further
Inflation in the U.K. fell to its lowest level in two and a half years in March after a further easing in food pricesABC News - World - United Kingdom -
Tesco says price pressures easing as profits soar
The UK's biggest supermarket chain made annual pre-tax profits of nearly £2.3bn up from £882m.BBC News - Top stories -
Inflation hotter than expected in March, Consumer Price Index report shows
The Consumer Price Index rose 0.4% last month largely due to the cost of rent and gas. Prices are up 3.5% over the past 12 months and the latest numbers are casting doubt on any interest rate cuts. CBS News business analyst Jill Schlesinger has more.CBS News - Top stories -
Rising consumer prices show inflation heading in the wrong direction. What next?
A runup in inflation in the first three months of 2024 shows signs of persisting, potentially keeping interest rates high through the summer.MarketWatch - Business -
Key question before US reveals latest consumer prices: Is inflation cooling enough for the Fed?
WASHINGTON (AP) — An eagerly awaited report Wednesday on consumer prices will show whether inflation is still easing, a trend the Federal Reserve will weigh in deciding when and by how much — or even whether — to cut interest rates this year. The ...Yahoo Sports - Sports -
China Struggles to Kick Deflationary Concerns
A manufacturing-led recovery has sparked trade frictions abroad, but weak price growth shows consumption lags behind at home.The Wall Street Journal - World - China -
U.K. Inflation Eases as BOE Readies for Rate Cuts
The U.K.’s annual rate of inflation cooled to a two-and-a-half year low in March, a contrast with hotter-than-expected recent prints in the U.S. that makes it likely that the Bank of England will lower its key interest rate later this year.The Wall Street Journal - World - United Kingdom -
Consumers Hate ‘Price Discrimination,’ but They Sure Love a Discount
The Wendy’s debacle is a warning shot for brands: If you want to play with prices, make sure to communicate why and whom it could help.The New York Times - Business -
Producer prices come in softer than consumer prices in March
Producer prices rose less than economists expected in March after consumer prices came in hot, delivering a measure of relief to analysts and suggesting underlying inflation may still be easing. The Labor Department’s producer price index (PPI) ...The Hill - Politics -
Oil prices settle at three-week low with U.S. supplies up a fourth week in a row
Oil futures declined on Wednesday for a third straight session, with prices falling to their lowest in three weeks.MarketWatch - Business -
Argentina's government (and a bot) say inflation is easing. Shoppers aren't so sure
Yahoo News - World -
Xi says China’s exports are helping to ease global inflation
Chinese president warns German Chancellor Olaf Scholz against ‘rise of protectionism’Financial Times - Business - China -
Inflation in New Zealand eases, but rate cuts unlikely in near term
New Zealand’s consumer prices rose by less than expected in the first three months of this year, giving the country’s central bank more latitude to join global counterparts which have either cut interest rates or are considering doing so.MarketWatch - Business - New Zealand -
Inflation in New Zealand Eases But Near-Term Rate Cuts Unlikely
New Zealand’s consumer prices rose by less than expected in the first three months of this year, giving the country’s central bank more latitude to join global counterparts which have either cut interest rates or are considering doing so.The Wall Street Journal - World - New Zealand -
UK inflation eases less than expected to 3.2% in March, sparking concerns of U.S.-style stickiness
Economists polled by Reuters expected a reading of 3.1%, down from 3.4% in February.CNBC - Business - United Kingdom -
Consumer price growth accelerated in March, adding to cloudy picture for U.S. economy
Inflation remained elevated once again in March, adding another round of price increases to Americans' already-strained wallets.NBC News - Top stories -
Weak China inflation data fuels concern over consumer demand
Figures underline challenges for the world’s second-largest economyFinancial Times - Business - China -
Consumer sentiment falls in April on worries about sticky inflation
An early reading of consumer sentiment in April retreated from a 32-month high, a sign of some frustration on the part of Americans about lingering inflation.MarketWatch - Business -
Consumer Sentiment Dips More Than Expected as Stubborn Inflation Takes a Toll
The University of Michigan consumer sentiment index fell in April, as moods dim about both the current state of the economy and where it could be headed.Inc. - Business -
U.S. consumer sentiment falls slightly as outlook for inflation worsens
Consumer sentiment about the U.S. economy has ticked down but remains near a recent high, with Americans’ outlook largely unchanged this year.NBC News - Top stories -
The Chinese émigrés leaving the pressures of home for laid back Chiang Mai
Thai tourist hotspot popular with backpackers has become an unlikely second home for thousands of Chinese people seeking alternative lifestyles. Approaching her mid-30s, Xiong Yidan reckons that most of her friends are on to their second or even ...The Guardian - World -
Your EA Play Subscription Is Increasing In Price In May
Electronic Arts is increasing the price of its EA Play subscription in May, and the new prices are already reflected on its website.. First reported by GamesIndustry.biz, an email was sent out to subscribers that the new prices will start on May ...GameSpot - Tech -
SPDR Gold Rises as Prices Near $2,400 an Ounce
Gold futures added more than 1% as the precious metal settled just shy of $2400 an ounce.The Wall Street Journal - World -
Gas, rent and grocery prices keeping inflation high
Inflation rose more than expected for the third straight month. Gas, rent and grocery prices are the major categories keeping inflation stubbornly high. Jo Ling Kent reports.CBS News - Top stories -
Inflation hits two-and-a-half year low as meat prices fall
New official figures show that inflation, the rate at which prices rise over time, fell again in March.BBC News - Top stories - Inflation -
A $1.50 sandwich? Despite inflation, food at the Masters golf tournament is still among the cheapest in professional sports.
Food prices in the U.S. are up 2.2% over the past 12 months, but at the Masters, a pimento cheese sandwich is still $1.50 and no food item costs more than $3.MarketWatch - Business -
Consumer prices rose 3.5% from a year ago in March, more than expected
The consumer price index in March was expected to increase 3.4% from a year ago, according to the Dow Jones consensus estimate.CNBC - Business -
Oil Prices Lower After Iran’s Attack on Israel
Investors are taking a wait-and-see approach after the much-anticipated aerial assault had little effect on oil supplies.The New York Times - Business - Israel -
Inflation is ‘thorn’ in market’s side — but these ETFs rose even as stocks, bonds fell
Some exchange-traded funds rallied Wednesday even as stocks and bonds broadly fell, as hot inflation data stoked fears that interest rates will stay elevated for longer than anticipated.MarketWatch - Business -
Inflation surged higher in March, reversing some progress made in cooling prices
The fight to reduce inflation has struck a rough patch in recent months.ABC News - Top stories -
Burning rubber: How auto insurance prices have fueled inflation
Wednesday's inflation report showed consumer price growth continues to drift higher.NBC News - Top stories -
Comex Gold Settles 1.08% Higher at $2354.80
Front month Comex gold for April delivery gained 1.1% to settle at $2354.80 per troy ounce to a new record high.The Wall Street Journal - World -
Inflation remained high in March with gas prices and rent as the driving factors
For the third straight month, prices have risen more than expected as inflation refuses to come down. Prices rose 3.5% in March compared to a year ago. That’s the biggest increase in six months.CBS News - Top stories -
Companies are using inflation to price-gouge Americans – and making it worse | Robert Reich
Thanks to near-monopolies in many industries, corporations are seeing record profits as consumers struggle with high prices. We learned this week that the Consumer Price Index climbed 3.5% in March from a year earlier, up from 3.2% in February, ...The Guardian - World -
Biden says inflation report ‘may delay’ expected interest rate cut
President Biden on Wednesday said that the March report on inflation, which ticked higher, may delay an expected interest rate cut from the Federal Reserve. Biden last month predicted the Federal Reserve will cut interest rates, a move that could ...The Hill - Politics - Joe Biden -
Nasdaq, S&P 500 Climb After PPI Data Lands
U.S. stocks climbed after wholesale price data came in slightly lower than expected.The Wall Street Journal - World -
EA Play subscription prices increase on May 10, live now for new members
EA Play subscribers will soon have to pay more money if they want to continue using the publisher’s all-you-can-play service.VentureBeat - Tech -
Rising Oil Price Could Make Central Banks Cautious With Rate Cuts
A rising oil price could halt or even reverse the recent trend of falling inflation, potentially leaving central banks cautious about cutting interest rates, DZ Bank said.The Wall Street Journal - World -
‘Extremely active’ hurricane season may lead to late-summer surge in gas prices
U.S. gasoline prices at the pump probably aren’t too far from their likely peak this year, but a particularly active Atlantic hurricane season could lead to a late-summer surge in fuels costs, analysts warned Tuesday.MarketWatch - Business -
Rising oil prices are pushing up 10-year inflation expectations and Treasury yields
Oil appears to be playing a major factor in this week’s rise of the benchmark 10-year Treasury yield to its highest levels since November, and is boosting market-based inflation expectations over the long run.MarketWatch - Business