Inflation news, events & figures

UK borrowing jumps to £23.3bn as finance warning grows

UK borrowing rose to £23.3bn in May, nearly a third higher than a year earlier, adding pressure as debt interest and spending climbed.

Iran deal may ease fuel costs, but bills and rates face a slower turn

Fuel prices have started to ease after the US-Iran deal, but household energy bills, air fares, inflation and interest rates may take longer to follow.

Trump’s trust gives Kevin Warsh room to reshape the Fed

Kevin Warsh is expected to keep rates steady in his first Fed meeting, while Trump’s trust may give him room to pursue broader changes.

Wholesale prices jump 1.1% in May as energy costs surge

Wholesale prices rose 1.1% in May, topping forecasts as energy and gasoline costs drove a fresh increase in pipeline inflation.

U.S. inflation rose to 4.2% in May, highest in three years

U.S. consumer prices rose 4.2% from a year earlier in May, matching forecasts but marking the highest annual inflation rate in three years.

Bank of Canada holds key interest rate at 2.25%

The Bank of Canada kept its benchmark rate at 2.25%, a fifth consecutive hold, while warning it is watching inflation and weak growth risks.

Fed’s preferred inflation gauge rises to nearly three-year high under Warsh

The Fed’s preferred inflation gauge rose to 3.8% in April, its highest level since May 2023, complicating Kevin Warsh’s start as central bank chief.

Florida mother turns to digital coupons as grocery bills climb

As grocery prices keep rising, Florida mother Kiana Powell says digital couponing has become a daily strategy to stretch her family’s budget.