UK inflation rises by more than expected
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A key report Tuesday is expected to show that the rate of inflation increased in July, a potential indication that President Donald Trump’s tariffs are increasingly weighing on consumers
Opendoor Technologies has a challenging business model and, on top of that, has executed it poorly. Higher inflation may keep rates elevated, which would work against Opendoor. The company's CEO recently resigned,
Most Federal Reserve officials said last month that the threat of higher inflation was a greater concern than the potential for job losses, leading the central bank to keep its key rate unchanged.
Here's what new data from the producer price index says about where inflation is headed, according to economists.
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Wholesale inflation much hotter than expected in July — throwing possible wrench into rate cut hopes
The Producer Price Index saw its biggest monthly gain since June 2022, the Bureau of Labor Statistics said Thursday.
The collection window for last month’s figures was “on or around 15 July”, while school summer holidays in England began on 23 July (eight days later) this year. Last year, collection was “on or around 9 July”, while schools broke up on 25 July (sixteen days later).
Inflation reaccelerated in May, rising at the highest level seen in four decades, dashing hopes that the number had hit its peak, according to data released by the federal government Friday. The ...
The Bank of England currently expects inflation to hit 4% in September, the all-important month for pensioners. Wage growth is currently slightly higher than this at 4.6% (including bonuses), although it could shift slightly in next month's report.
Oasis lookalikes of Liam and Noel Gallagher. The Manchester band was blamed for hotter-than-forecast inflation in the U.K. in July. U.K. inflation came in hot in July — but a famous Manchester band may be to blame. Consumer prices year-over-year rose to 3.8% in July from 3.6%, the Office for National Statistics said Wednesday.
The brunt of tariffs is yet to be felt. Importers padded inventories before Liberation Day or absorbing the costs, delaying the full impact of the import taxes.
RBI’s August MPC minutes expressed guarded optimism on inflation. While recent easing offered comfort, members cautioned that risks from food, core pressures and global uncertainties could push prices higher in the coming quarters.