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Tag Archives: Inflation

US producer prices rose in June at fastest pace in 13 months

Producer prices, distillery

WASHINGTON (AP) — Prices charged by U.S. producers rose in June at the fastest pace in 13 months, reflecting a big jump in the price of gasoline and other energy products. The Labor Department says that its producer price index, which measures cost pressures before they reach the consumer, increased 0.5 percent in June. That was the largest one-month jump ...

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Standoff, dying economy drive Venezuelan crisis

Venezuela

Venezuela is being wracked by an increasingly belligerent standoff between the government and opposition, while many Venezuelans are becoming fed up with a floundering economy marked by long lines for food and the world’s highest inflation. President Nicolas Maduro has declared a state of emergency to let him deal with the economy by decree, but the opposition is vowing to ...

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Danger signs flashing for global economy, years after crisis

WASHINGTON — Eight years after the financial crisis, the world is coming to grips with an unpleasant realization: serious weaknesses still plague the global economy, and emergency help may not be on the way. Sinking stock prices, flat inflation, and the bizarre phenomenon of negative interest rates have coupled with a downturn in emerging markets to raise worries that the ...

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Low oil complicates struggle to raise eurozone inflation

FRANKFURT, Germany — Low oil prices are complicating life for the European Central Bank in its struggle to push up the worrisome low inflation in the 19 nations that use the euro currency. It was bad enough when oil dipped below $50 per barrel. That slide helped keep the eurozone annual inflation rate down to a bare 0.2 percent in ...

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Russia warns cuts needed to avoid repeat of ’98 crash

Russia warns cuts needed to avoid repeat of '98 crash

MOSCOW — Russia’s leaders are warning the government will need to make more cutbacks if the nation is to avoid a repeat of the 1998 financial crash, the country’s biggest post-Soviet economic trauma. The economy, which is heavily reliant on its massive oil and gas industry, is getting hammered by the plunge in global energy prices. State revenues are running ...

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Inflation expectations in euro zone fall to lowest since October

Inflation expectations in euro zone fall to lowest since October

LONDON – A closely followed measure of long-term market euro zone inflation expectations fell to its lowest level since October on Wednesday, pushed down by this week’s sharp fall in oil prices to 11-year lows. The five-year, five-year breakeven forward <EUIL5YF5Y=R>, a measure of where markets expect 2025 euro zone inflation forecasts to be in 2020, fell to 1.6625 percent, ...

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Bank of England points to new oil price fall, slower wage growth

Bank of England governor and First Vice-Chair of the European Systemic Risk Board Mark Carney arrives to address the European Parliament's Economic and Monetary Affairs Committee in Brussels, Belgium, December 7, 2015. REUTERS/Francois Lenoir

LONDON – The Bank of England remains unhurried about raising interest rates, pointing on Thursday to a new fall in oil prices and slower wage growth as it kept borrowing costs at the record low where they have sat since 2009. The British central bank’s policymakers said they would not match an expected rate hike by the U.S. Federal Reserve ...

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Petroleum, strong dollar depress U.S. import prices

WASHINGTON – U.S. import prices fell more than expected in October as the cost of petroleum and a range of goods declined, a sign that a strong dollar and soft global demand continued to exert downward pressure on imported inflation. The Labor Department said on Tuesday import prices dropped 0.5 percent last month after a revised 0.6 percent decline in ...

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Gasoline weighs on U.S. consumer prices; jobless claims fall

WASHINGTON – U.S. consumer prices recorded their biggest drop in eight months in September as the cost of gasoline fell, but a steady pick-up in the prices of other goods and services suggested inflation was starting to firm. There was good news on the labor market, with other data on Thursday showing new applications for unemployment aid fell back to ...

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