rise in price level in an economy over time
Resurgent inflation looms over Joe Biden’s White House bid: Consumer prices are rising quickly at just the wrong time for the US president
ft.com/content/d8520a33-f202-4679-b6f7-99fe9e4fb3ae
Joe Biden’s approval rating on the economy is rising among US voters: FT-Michigan Ross poll finds president’s gains could be derailed by persistent fears over ...
ft.com/content/bdd37729-8225-4f52-ae88-a7edeb329bb5
'Perfect storm' brings €2 per litre fuel back in prospect: €2 per litre fuel prices are firmly back in sight following the recent restoration of excise ...
rte.ie/news/business/2024/0421/1444470-perfect-storm-as-2-per-litre-fuel-back-in-prospect/
US inflation edges up as Fed debates interest rate cuts: The rate of price increases picked up in February, as petrol and housing costs pushed higher.
bbc.com/news/business-68537965
Quick Glance: Inflation Decline and Consumer Impact
- Inflation in Germany continues to decline, primarily due to cheaper energy prices. Experts predict a further decrease in the year ahead, but with potential challenges. Higher inflation rates diminish consumer purchasing power.
- In February, energy and fuels decreased in price, while food prices increased. Services also became more expensive. Consumer prices rose by 0.4 percent compared to the previous month.
- The German government forecasts rising consumer prices and wage increases above the inflation rate. The expectation is that employees will spend the money and boost private consumption. However, the Bundesbank President warns against premature interest rate cuts.
- Despite the decline in inflation, the Bundesbank cautions against premature interest rate cuts. The European Central Bank aims for price stability in the medium term. Higher interest rates can curb demand but also burden the economy.
Iran-Israel conflict: Oil, LNG prices to shoot up if Tehran blocks Strait of Hormuz
deccanherald.com/business/iran-israel-conflict-oil-lng-prices-to-shoot-up-if-tehran-blocks-strait-of-hormuz-2987769
Inflation falls less than expected as hopes of rate cuts fade: Consumer price index down to 3.2 per cent, ONS announces
thetimes.co.uk/article/inflation-uk-rate-news-what-is-ons-interest-zdd27dq7f
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Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
Live updates: Statistics Canada to release its March inflation report today: Financial analysts expect the annual inflation rate ticked up in March ...
theglobeandmail.com/business/article-canada-inflation-rate-march-live-updates/
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Canada Inflation Ticks Up to 2.9% on Higher Gas Prices: Canadian consumer prices reaccelerated slightly as expected due to higher gasoline prices ...
trib.al/Rwuj9ax
Quick Glance: Canadian Inflation Rises Due to Increase in Gasoline Prices
- Canadian consumer prices saw a slight increase, primarily due to higher gasoline prices. Core metrics indicated further progress in disinflation, prompting the central bank to prepare for a shift to looser monetary policy as early as June or July.
- In March, the consumer price index rose by 2.9% compared to the previous year, up from the 2.8% reported a month earlier. Excluding gasoline, the index slowed to 2.8% from the previous year, in contrast to February's 2.9%.
- However, indications of underlying price pressures decreased. The averages of the Bank of Canada's two core measures decreased to an annual rate of 2.95%, weaker than anticipated. Following the release, yields on two-year Canadian government bonds dropped by approximately 10 basis points to 4.18%.
- The March inflation data suggest that the decline in core metrics this year is not temporary. Bank of Canada officials are now waiting to be convinced that the path to the 2% target can be sustained before making adjustments to monetary policy.
Tinubu lauds Dangote’s diesel price cut, foresees economic relief: President Bola Tinubu applauded Dangote Oil and Gas Limited for reducing the gantry price of ...
punchng.com/tinubu-lauds-dangotes-diesel-price-cut-foresees-economic-relief/
Ukrainian drone strikes are hurting Russia’s oil industry: The world’s third-largest producer is now an importer of petrol
economist.com/finance-and-economics/2024/04/11/ukrainian-drone-strikes-are-hurting-russias-oil-industry
The consequences of an escalation in the Middle East would be serious - what that means for gasoline, flights and interest rates - Zofinger Tagblatt
zofingertagblatt.ch/geopolitik-nahost-konflikt-drohen-uns-jetzt-benzin-schock-und-hohe-zinsen/
Denver inflation rate dips below 3% for the first time in three years: Outsized declines in food and gasoline prices helped push consumer inflation in the ...
denverpost.com/2024/04/11/inflation-denver-gasoline-food-prices-consumers/
Where are high prices hitting American families the hardest?: Inflation climbed faster than expected in March thanks to an uptick in the cost of rent ...
foxbusiness.com/economy/where-are-high-prices-hitting-american-families-hardest
Metro Atlanta gas prices springing up as usual ahead of spring break: With refineries switching to more costly summer blends of gasoline and warmer temperatures ...
ajc.com/news/metro-atlanta-gas-prices-rising-again-as-spring-nears/36PCIN4A4BEU3FDA3QRRZNR7YU/
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Soaring prices pose threat to consumers, and Biden: Crude's flirtation with levels above $90 are both a political and economic challenge.
axios.com/2024/04/12/crude-prices-inflation-gas
US inflation slows by less than expected: Prices rose by 3.1% in the year to January as higher housing and food costs offset a fall in petrol prices.
bbc.com/news/business-68277677
Falling diesel pump price’ll reduce inflation, says Dangote: The President of the Dangote Group, Aliko Dangote, on Wednesday, in Lagos, said Nigerians should ...
punchng.com/falling-diesel-pump-pricell-reduce-inflation-says-dangote/
US electricity and gasoline prices push up energy sector inflation: U.S. electricity and gasoline prices increased sharply in March, with electricity up 0 ...
reuters.com/world/us/us-electricity-gasoline-prices-push-up-energy-sector-inflation-2024-04-10/
Gas Prices Are Pushing Up Inflation. Why They Could Drive It Even Higher.: Gasoline prices played a significant role in the larger-than-expected rise in ...
barrons.com/articles/gas-oil-prices-inflation-fed-952361a6
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Inflation in Greece rises to 3.2%; food prices up 5.3%: Inflation in Greece rose to 3.2% in the month of March, with food prices to have increased by 5 ...
keeptalkinggreece.com/2024/04/10/inflation-greece-march-increase-food-price/
Crude at $90 could push OMCs to losses: If crude prices touch $90 per barrel, then diesel can see heavy under recoveries, marking losses ...
financialexpress.com/market/commodities-crude-at-90-could-push-omcs-to-losses-3445390/
Fuel prices for motorists to rise as excise duty cuts are partially restored : Lobby group FFI has called for an expert group to be established to examine ...
irishtimes.com/business/2024/04/01/fuel-prices-for-motorists-to-rise-as-excise-duty-cuts-are-partially-restored/
Nationwide gasoline consumption is increasing: For the third year in a row, more gasoline has been consumed in Germany. When it comes to diesel ...
fr.de/wirtschaft/bundesweiter-benzinverbrauch-legt-zu-zr-92921500.html
Thailand inflation fell by 0.47% in March for its sixth straight drop: BANGKOK -- Thailand's consumer price index fell by 0.47% in March from the previous ...
asia.nikkei.com/Economy/Thailand-inflation-fell-by-0.47-in-March-for-its-sixth-straight-drop
Price increases in store for consumers from Monday: Inflation in Ireland has fallen significantly in recent months, but a number of cost increases will weigh on ...
rte.ie/news/ireland/2024/0327/1440402-price-increases/
Specifically, the court ordered the government to control the prices of milk, flour, salt, sugar, bicycles and their spare parts, matches ... Show more snip.ng/PCSNE
Gasoline, food boost US producer prices in February: U.S. producer prices increased more than expected in February amid a surge in the cost of goods like ...
reuters.com/markets/us/gasoline-food-boost-us-producer-prices-february-2024-03-14/
Rising Gasoline Prices Add Inflation Risk Ahead of US Presidential Election: Disruptions on the world’s major trade routes, refinery closures and resurgent ...
bloomberg.com/news/articles/2024-03-12/surging-gasoline-prices-add-inflation-risk-in-us-election-year
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Surge in Argentina’s Wholesale Inflation Hits 329.1%: In February, Indec reported Argentina's wholesale inflation hit 329.1% year-on-year, with prices up 29 ...
riotimesonline.com/surge-in-argentinas-wholesale-inflation-hits-329-1/
US retail sales rebound in February; weekly jobless claims fall: U.S. retail sales rebounded in February, driven by increases at auto dealerships and gasoline ...
reuters.com/markets/us/us-retail-sales-rebound-february-weekly-jobless-claims-fall-2024-03-14/
Quick Glance: Retail Challenges and Job Market Impact on Fed Rates
- Retail sales in February showed a weaker recovery than expected, while at the same time new jobless claims reached a very low level. The Producer Price Index surprised with its data, and health care inflation in January received a significant upward revision.
- It is believed that the PPI data suggest that the Fed's core PCE price index for January needs to be revised upward, possibly due to an increase of 0.5% compared to the originally reported 0.4%.
- Overall retail sales rose 0.6% in February, while the initially reported decline of 0.8% in January was revised to -1.1%. Excluding autos, retail sales increased by 0.3% compared to expectations of 0.4%, although the stumble in January was revised from -0.6% to -0.8%.
- New claims for jobless benefits fell to 209,000 from the previous 210,000. As the PPI data and retail sales influenced the markets, the odds of a Fed rate cut were low, and the S&P 500 saw a slight decline.
A new way of looking at inflation: This chart explains why inflation felt so bad.
axios.com/2024/03/16/inflation-high-rent-gas-food-chart
Fuel price cut by ₹2/litre on March 15: Petrol now ₹94.72/litre in Delhi, diesel at ₹87.62/litre. Check your city | Mint
livemint.com/economy/fuel-price-today-on-march-15-petrol-costs-rs-94-72-litre-in-delhi-diesel-at-rs-ra-87-62-litre-check-your-city-here-11710465750880.html
Senate rejects plan by FG to increase electricity tariff through subsidy removal
“The populace are facing untold hardships and the situation in the country ... Show more snip.ng/lSICE
US import prices rise moderately in February: U.S. import prices increased marginally in February as a surge in the cost of petroleum products was partially ...
reuters.com/markets/us/us-import-prices-rise-moderately-february-2024-03-15/
India cuts petrol, diesel prices as election nears - News | Khaleej Times: Petroleum ministry says the reduction by Rs2 will help control inflation and increase ...
khaleejtimes.com/world/india-cuts-petrol-diesel-prices-as-election-nears
Aymo Brunetti: “Switzerland doesn’t need a big bank”: One year after the CS debacle, it is clear to economics professor Aymo Brunetti: A UBS bankruptcy would ...
derbund.ch/aymo-brunetti-die-schweiz-braucht-keine-grossbank-503286583639
Inflation has fallen. Why are groceries still so expensive?: Price hikes have moderated throughout the U.S. economy but food prices have remained persistently ...
wapo.st/3HQ3K2h
Indebted Turkish farmers worse off than EU agriculturists: Faced with years of chronic price inflation and what agriculture industry representatives say is ...
dw.com/en/indebted-turkish-farmers-worse-off-than-eu-agriculturists/a-68481800
Don’t look now but gas prices are rising fast: You’re not imagining it: Gasoline prices are moving swiftly higher across the country.
cnn.com/2024/02/16/business/gas-prices-inflation/
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'Worrying' warning issued to drivers filling up on petrol or diesel this week 😬 tinyurl.com/44mkjfer
Cheapest places to buy petrol in Suffolk in February 2024: The cheapest places to fill up your car with petrol in Suffolk, as of February 2024 ...
ipswichstar.co.uk/news/24146432.cheapest-places-buy-petrol-suffolk-february-2024/
Here’s why gas always costs more in California: as prices in the US have slid from their all-time peak in fall 2022, but there are drivers in at least one state ...
cnn.com/2024/01/27/business/why-does-gas-cost-more-in-california/
Drivers face rising petrol prices again as world oil price jumps: Unleaded fuel hits 143.4p a litre on average and diesel reaches 152p - adding around £2 to ...
inews.co.uk/news/drivers-rising-petrol-prices-again-world-oil-price-jumps-2915767
Reduced costs of energy, petrol drive drop in January's inflation rate: Finland's year-on-year inflation rate fell to 3.3 percent last month, having stood at 8 ...
yle.fi/a/74-20075261
D-FW inflation well above rest of nation in January from rents and recreation: D-FW — as it has for some time — posted a higher rate of inflation than the 3 ...
dallasnews.com/business/retail/2024/02/13/d-fw-inflation-stood-well-above-the-us-rate-in-january-from-rents-and-recreation/
Cheapest places to buy petrol in Norfolk in February 2024: Here are the cheapest places to buy fuel in Norfolk in February 2024 amid price rises.
edp24.co.uk/news/24133319.cheapest-places-buy-petrol-norfolk-february-2024/
UK petrol and diesel prices jump following Houthi attacks: Petrol is up 3.2p a litre and diesel 4p a litre as fuel tankers are forced to avoid the Suez canal
theguardian.com/money/2024/feb/21/uk-petrol-price-jumps-houthi-attacks
Energy Deflation Looks Set to Reverse
barrons.com/articles/inflation-oil-stocks-energy-884c2c90
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Inflation will come under control soon: Prime Minister Sheikh Hasina yesterday told the parliament that various initiatives by her government will bring ...
thedailystar.net/news/bangladesh/news/inflation-will-come-under-control-soon-3544071
Inflation to ease soon as govt takes measures: PM Hasina: She added that her government is currently continuing all kinds of activities to keep the prices of ...
en.prothomalo.com/bangladesh/l17kto1aj9
In early January, prices at the pump stalled at $3.07 a gallon after dropping by more than $0.80 per gallon from their September 2023 peak ... Show more yhoo.it/49pFcsW
Big petrol and diesel price hikes looking likely for March: There’s some bad news brewing on the fuel price front, with both petrol and diesel looking set for ...
iol.co.za/motoring/industry-news/big-petrol-and-diesel-price-hikes-looking-likely-for-march-f19d1b5e-4162-4ac8-b042-2bc4f3127876
Price increase in 2024: That's why refueling, eating out, etc. will become more expensive
t-online.de/finanzen/aktuelles/wirtschaft/id_100312234/preiserhoehung-in-2024-darum-wird-tanken-essengehen-und-co-teurer.html
Inflation drops further to 2.8% in January 2024: The latest figure is lower than the 3.9% posted in December 2023, and the 8.7% recorded in January 2023
rappler.com/business/inflation-rate-philippines-january-2024/
Drivers should 'consider if need vehicle' as big cost rise imminent: Big cost increases are set to hit people with petrol and diesel vehicles leading one expert ...
walesonline.co.uk/news/motoring/motoring-news/car-owners-should-consider-need-28567550
'Time to reconsider' as car tax rates rise in April: Motorists have been told to "reconsider" owning a vehicle altogether as new car tax rates are set ...
leicestermercury.co.uk/news/uk-world-news/time-reconsider-owning-vehicle-car-9088178
Inflation falls below 3% for first time in 6 months in January : Korea's inflation fell below 3 percent for the first time in six months in January ...
koreatimes.co.kr/www/biz/2024/02/488_368091.html
Retail trade grew in 2023 in Cyprus: The value of the retail trade turnover in Cyprus last year recorded a substantial increase of 8.9%.
ekathimerini.com/economy/1230843/retail-trade-grew-in-2023-in-cyprus/
Energy traders, shippers grapple with Red Sea fallout: To avoid the Red Sea, the supertanker Grand Bonanza set out early this month on a roughly 40-day journey ...
reuters.com/business/energy/energy-traders-shippers-grapple-with-red-sea-fallout-2024-01-31/
Inflation continues to moderate thanks to a big drop in gas prices: Consumer prices rose 3.1% in November from a year ago, marking a more moderate pace of ...
npr.org/2023/12/12/1218660706/economy-inflation-consumer-prices-interest-rates-federal-reserve-recession
stern survey: Three quarters of Germans against increasing energy prices: The Traffic Light Coalition's plans to solve the budget crisis are encountering ...
stern.de/politik/stern-umfrage--drei-viertel-der-deutschen-gegen-verteuerung-von-energie-34297776.html
ECB faces further scrutiny this week on timing of first rate cut: Consumers in Ireland and the US appear to anticipate better news in 2024 as energy, grocery ...
irishexaminer.com/business/economy/arid-41319283.html
Subsidies: Electricity sector outlook bleak: From 2015 to 2023, Nigeria poured trillions on electricity subsidies, with no significant gains.
punchng.com/subsidies-electricity-sector-outlook-bleak/
US producer prices unexpectedly fall; goods deflation seen persisting: U.S. producer prices unexpectedly fell in December amid declining costs for goods such as ...
reuters.com/markets/us/us-producer-prices-unexpectedly-fall-december-2024-01-12/
Quick Glance: Inflation and Your Money: What You Need to Know
- Inflation continues to slow, straining US households since early 2021.
- Estimate: Annual inflation rate to rise from 3.1% to 3.2% in December.
- Consumer price index well above the Federal Reserve’s 2% goal.
- Income and purchasing power have kept pace with inflation, according to Mark Zandi, chief economist of Moody’s Analytics.
Expert explains: This is how gasoline prices arise: Gasoline prices vary. Since the fuel has a longer journey depending on the country, this makes sense ...
suedostschweiz.ch/mobilitaet/unterschiedliche-preise-experte-erklaert-so-entstehen-benzinpreise
Why haven’t gasoline prices started to rise yet?: Gasoline and crude oil prices have seasonal patterns every year. So far, 2024's prices are breaking the ...
charlotteobserver.com/news/business/article284516460.html
More money in your account: Why it's finally getting cheaper again in the supermarket
boerse-online.de/nachrichten/geld-und-vorsorge/mehr-geld-auf-dem-konto-warum-es-im-supermarkt-endlich-wieder-billiger-wird-20347704.html
Will 2024 be a 'normal' year for gas prices? And does that mean lower prices at the pump?
usatoday.com/story/money/2023/12/16/will-gas-prices-return-to-normal-2024/71911741007/
Housing Drove More Than Half of US Consumer Price Gain
bloomberg.com/news/live-blog/2024-01-11/us-cpi-report-for-december
Mortgages, energy and fuel prices: What’s coming for consumers in 2024: Inflation may have peaked but few consumers are unlikely to see prices drop for many ...
irishexaminer.com/business/economy/arid-41306524.html
As gasoline prices fall, U.S. inflation cools to 3.2%: Consumer prices last month were 3.2% higher than the month before — a smaller annual increase than the ...
npr.org/2023/11/14/1212857267/cpi-october-us-inflation-gas-prices-consumer
Quick Glance: Surprising Drop in US Producer Prices in October
- Last month saw the largest decrease in the producer price index for final demand since April 2020 at 0.5%.
- The PPI increased by 1.3% in the 12 months through October, following a 2.2% rise in September.
- Goods prices experienced a 1.4% decline in October, with a 15.3% decrease in gasoline prices being responsible for over 80% of the drop.
- Food prices fell by 0.2%, while prices for light motor trucks decreased.
Argentines bought a fifth less at food and drink stores in December, report finds
buenosairesherald.com/economics/argentines-bought-a-fifth-less-at-food-and-drink-stores-in-december-report-finds
Global manufacturers struggle to regain momentum: Kemp: U.S. manufacturers are still struggling to emerge from the prolonged slump that began in the middle of ...
reuters.com/markets/us/global-manufacturers-struggle-regain-momentum-kemp-2024-01-05/
Heating, petrol, diesel: price explosion on 1.1. - who will be hit hardest: The German government increased the CO₂ price on January 1. We calculate how much ...
morgenpost.de/wirtschaft/article240848594/heizung-tanken-sprit-oel-gas-benzin-diesel-preise-teuer-co2-neues-jahr.html
Expensive New Year: The frustration of the middle class is growing - rightly: Gasoline, heating and eating out are becoming more expensive, and the middle class ...
morgenpost.de/wirtschaft/teures-neues-jahr-frust-der-mittelschicht-waechst-zu-recht-id240909224.html
Global manufacturers struggle to regain momentum: Kemp: U.S. manufacturers are still struggling to emerge from the prolonged slump that began in the middle of ...
reuters.com/markets/us/global-manufacturers-struggle-regain-momentum-kemp-2024-01-05/
Gasoline price 2024: ADAC does not expect a price explosion: The ADAC does not expect the price of gasoline to explode this year. Although the CO2 tax has been ...
augsburger-allgemeine.de/geld-leben/benzinpreis-2024-adac-erwartet-keine-preisexplosion-id68968006.html
Expensive fuel and million dollar missiles: Counting the cost of the Red Sea crisis
politico.eu/article/red-sea-crisis-means-practice-cost-expensive-fuel-missile-yemen-houthi-israel-hamas/
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