Reserve Bank of Australia Governor Michele Bullock identifies housing, durable goods, and market services as primary factors behind rising inflation, with consumer spending on items like coffee machines and furniture influencing interest rate decisions.
Economists forecast UK inflation fell to 3% in January, the lowest in nearly a year, amid lower airfares and food prices. This reinforces expectations for an interest rate cut, despite Bank of England caution.
US inflation cooled to 2.4% in January, its lowest since May 2025, with core inflation at 2.5%. Gas and electricity prices fell, while some food items rose, amid strong job growth.
Inflation in the United States cooled more than expected in January, dropping to 2.4%—its lowest level since May 2025. Key grocery items like eggs and pork saw significant price declines.
US inflation eased to 2.4% in January, with prices rising 0.2% monthly. Economists predicted a slight drop, while the Federal Reserve weighs interest rate decisions amid ongoing tariff impacts.
Inflation in the US eased to an annual rate of 2.4% in January, the lowest in nine months, but prices remain 25% higher than five years ago, squeezing household budgets.
US inflation is forecast to drop to 2.4% annually in January, with core prices hitting a near five-year low of 2.5%, amid cooling rental costs and political pressure on affordability.
The Bank of England is widely anticipated to maintain interest rates in its first vote of 2026, following an unexpected inflation rise to 3.4% last month. The Monetary Policy Committee balances persistent inflation, sluggish growth, high wages, and rising
Treasurer Jim Chalmers faces calls to slash spending and implement productivity reforms in the May budget to assist Reserve Bank governor Michele Bullock's inflation battle, following an unexpected rate hike.
Reserve Bank Governor Michele Bullock highlights a 20-25% price increase over recent years, affecting Australians amid a cost-of-living crisis and a new rate hike to 3.85%.
The Reserve Bank of Australia has raised interest rates, increasing financial pressure on homeowners with mortgages. This move aims to curb inflation but risks economic strain.
The Reserve Bank of Australia has decided to keep interest rates unchanged, citing ongoing inflation pressures and economic uncertainty. This move reflects a cautious approach to monetary policy.
Experts discuss effective strategies for individuals and businesses to prepare for and mitigate the impact of a potential interest rate rise in the UK economy.
A new economic report reveals President Trump's tariffs have prevented inflation from falling further, with the Supreme Court now reviewing his emergency powers to impose these import taxes.
The IRS projects average tax refunds to increase by $1,000 this year, reaching over $4,000, due to legislative changes. Learn how to track your refund online and when to expect it.
Economists widely expect the Bank of England to hold interest rates at 3.75% this week as policymakers balance curbing above-target inflation with supporting economic growth.
Economists predict the Bank of England will keep interest rates unchanged at 3.75% this Thursday, following December's unexpected inflation rebound to 3.4%.
Australian Treasurer Jim Chalmers has announced a comprehensive strategy to tackle inflation and overhaul the tax system, aiming to boost economic stability and fairness.
The US Federal Reserve maintains benchmark interest rates, citing persistent inflation and strong economic growth, while offering no clear timeline for future cuts despite political pressure.
Australia's annual inflation rate accelerated to 3.8% in December, driven by soaring housing and holiday costs, significantly increasing pressure on the Reserve Bank to raise interest rates next week.
UK shop prices rose 1.5% year-on-year in January, a sharp increase from December's 0.7%, driven by high business energy costs and National Insurance rises. Food inflation hit 3.9%, with fresh items like meat and fish up 4.4%.
Shop price inflation accelerated to 1.5% in January, significantly exceeding expectations, with beef, fish, and fruit costs rising sharply due to National Insurance increases and high business energy costs.
Shop price inflation rose unexpectedly to 1.5% in January, up from 0.7% in December, driven by high business energy costs and National Insurance hikes, according to BRC and NIQ data.
Bank of England policymaker Megan Greene cautions that aggressive Federal Reserve interest rate reductions could boost UK inflation, potentially delaying the Bank's own easing cycle.
The GfK Consumer Confidence Index increased by one point to minus 16 in January, marking a decade since it was last positive, driven by household financial resilience.
The Federal Reserve's preferred inflation measure increased to 2.8% annually in November, with core prices also rising, while monthly figures show milder growth.
A new survey finds Asian Americans, Pacific Islanders and Native Hawaiians are significantly more worried about inflation and living costs than the general US population, with many reconsidering retirement plans and healthcare options.
The head of the Internal Revenue Service has unveiled significant personnel and operational changes just days before the 2026 tax filing season begins, including appointing whistleblower Gary Shapley to a key role.
UK inflation increased to 3.4% in December, driven by airfares, alcohol and cigarettes. Experts believe this is a temporary blip with relief expected in coming months.
Chancellor Rachel Reeves pledges 2026 will be the year Britain 'turns a corner' after inflation unexpectedly rose to 3.4% in December, driven by tobacco duty and Christmas travel costs.