Inflation news
Read verified news on BetaVoices covering Inflation, with reporting, context, and related developments.
UK borrowing jumps to £23.3bn as finance warning grows
Official figures showed May borrowing came in well above forecast, with debt interest costs hitting their highest level recorded for the month
Iran deal may ease fuel costs, but bills and rates face a slower turn
A US-Iran agreement points to a reopening of the Strait of Hormuz, but delayed talks on harder issues leave questions over how long the economic relief will last
Trump’s trust gives Kevin Warsh room to reshape the Fed
Markets expect the new Fed chair to hold rates steady Wednesday, but his bigger test is whether he can build support for longer-term changes inside the central bank
Wholesale prices jump 1.1% in May as energy costs surge
The producer price index rose faster than economists expected, lifting annual wholesale inflation to 6.5%, its highest rate since November 2022
U.S. inflation rose to 4.2% in May, highest in three years
The consumer price index matched forecasts as energy prices jumped, while core inflation came in softer on a monthly basis
Bank of Canada holds key interest rate at 2.25%
The fifth straight pause leaves the central bank balancing inflation pressure from higher energy prices against signs of economic weakness
Fed’s preferred inflation gauge rises to nearly three-year high under Warsh
The April PCE report showed inflation running at a 3.8% annual rate, adding pressure on the new Fed chief as energy costs climb and rate-cut hopes fade
Florida mother turns to digital coupons as grocery bills climb
Kiana Powell told CBS News her family’s grocery costs have risen sharply, pushing her to track online deals, rewards programs and store-by-store sales
Silver slides as inflation fears hit bonds, stocks and metals
Global yields rose Friday, with the U.S. 10-year Treasury near a one-year high, as investors weighed energy risks, geopolitics and fading hopes for rate cuts
Food pantries see more Americans return as prices outpace wages
A CBS News report says families are turning again to food assistance as household costs rise faster than paychecks for the first time in three years