COLUMN-If only. Is above-target inflation wishful thinking? :Mike Dolan

(The author is editor-at-large for finance and markets at Reuters News. Any views expressed here are his own) LONDON, Sept 23 (Reuters) – Few doubt the willingness of central banks to tolerate periods of above-target inflation in future, as per the U.S. Federal Reserve’s new strategy of averaging its inflation goal over time — but […]

What is the UK’s inflation rate?

Inflation affects everything from mortgages to the cost of our shopping and the price of train tickets. The latest UK inflation figures we have, for August, show a big fall to 0.2%. But what exactly is inflation and what impact does it have? What is inflation? Inflation is the rate at which the prices for […]

Gasoline, portfolio management fees boost U.S. producer prices in July

WASHINGTON (Reuters) – U.S. producer prices increased by the most in more than 1-1/2 years in July, but the overall trend in producer inflation remained subdued amid signs the economy’s recovery from the COVID-19 recession was faltering. The Labor Department said on Tuesday its producer price index for final demand increased 0.6% last month, driven […]

China's factory deflation slows in July as recovery gains strength

BEIJING (Reuters) – China’s factory deflation eased in July, driven by a rise in global oil prices and as industrial activity climbed back towards pre-coronavirus levels, adding to signs of recovery in the world’s second-largest economy. The producer price index (PPI) fell 2.4% from a year earlier in July, the National Bureau of Statistics (NBS) […]

Inflation-protected U.S. bonds have rallied but not everyone buys the story

NEW YORK (Reuters) – A recent rush into inflation-protected U.S. Treasury bonds has sent yields to near historic lows, but not all investors are buying into the story of higher inflation ahead. Treasury Inflation-Protected Securities (TIPS) and gold have lured investors, who reckon unprecedented monetary and fiscal stimulus will eventually produce higher prices. In June […]

U.S. import prices beat expectations in June

WASHINGTON (Reuters) – U.S. import prices increased more than expected in June amid a surge in the cost of fuel, but the overall trend remained weak, suggesting inflation could stay tame despite a jump in consumer prices last month. The Labor Department said on Wednesday import prices accelerated 1.4% last month after rising 0.8% in […]

Gasoline powers U.S. inflation; rising COVID-19 cases seen tamping down demand

WASHINGTON (Reuters) – U.S. consumer prices rebounded by the most in nearly eight years in June, but a resurgence in new COVID-19 cases after the reopening of businesses suggests a moderation in demand that could keep inflation muted and allow the Federal Reserve to keep injecting money into the ailing economy. The report from the […]