Japan core inflation in September surges to its highest this year at 2.1%
Core inflation, which strips out prices of fresh food, was in line with the 2.1% forecast by economists polled by Reuters.
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Core inflation, which strips out prices of fresh food, was in line with the 2.1% forecast by economists polled by Reuters.
The economic figures released on Wednesday show the constraints for John Healey as he puts the finishing touches to his Budget.
U.K. inflation rose by a hotter-than-expected 3.5% in the 12 months to September, driven by the surging cost of motor fuels.
Inflation accelerated to 3.5% from 3.1% in the year to September, according to the Office for National Statistics (ONS).
Lebanon's economic crisis has dragged on since 2019. A re-igniting of Israel's war with Hezbollah derailed the weak recovery seen last year. The World Bank now forecasts that the Lebanese economy will shrink by 6.4 percent this year, with inflation expected to reach around 17.5 percent. A growing divide is visible everywhere: in households, in businesses and even in consumer habits. Our correspondents Serge Berberi and Renée Davis report.
The sinking AI trade rattled last week's market. But solid bank earnings and a rotation beyond tech gave us reasons for optimism.
US consumer inflation was hotter than anticipated in September, government data showed Wednesday, as Washington's continued war with Tehran pushed energy costs higher, deepening strains on American households ahead of next month's midterm elections. The uptick underscores voter worries over high costs of living, and comes as President Donald Trump is campaigning in US states to shore up support for his Republican Party as it tries to retain control of Congress.
U.S. inflation has stayed elevated for years, raising concern at the Federal Reserve that consumers may come to expect stubbornly high prices.
Economists divided on Fed rate hike as inflation creates uncertainty before US midterm elections in a tense market.
The consumer price index rose by 3.7% in September, on the back of higher gasoline and energy prices largely due to the Iran war.
The pace of price rises increased to 3.7% in the year to September, driving by higher motor fuel costs.
TIPS are looking attractive but they aren't the only way to get inflation protection.
Economists expect the consumer price index for September to rise 0.6% on the month and 3.6% year over year.
Traders think there's little chance core inflation, which excludes food and energy prices, will fall to 2.2% this year.
India inflations jumps for the 11-straight month, raising prospects of a further interest rate hike
Tariffs added 2.9 percentage points to inflation in 67 categories of goods by February 2026, researchers at the New York Federal Reserve found.
The Survey of Consumer Expectations indicated that the median outlook for inflation over the next 12 months rose to 3.9%.
Annual euro zone inflation hit 3.8% last month, its highest level since September 2023.
Kashkari sat down with CNBC's Steve Liesman for an exclusive conversation Wednesday night.
Data is expected to show ongoing price pressures and consumers who nevertheless continue to spend.