The annual rate of headline inflation fell to 2.7 per cent in August, down from 3.5 per cent in July. The Australian share market closed lower after Wall Street hit new record highs overnight.
As inflation cools and the Federal Reserve cuts rates, an era of economic upheaval is coming to a close, but not without lingering marks. By Jeanna Smialek Jeanna Smialek is an economics ...
Inflation is consistently a top issue ahead of the 2024 presidential election — in CBS News' polling in mid-August, 76% of registered voters said it was a major factor in their choice for ...
Inflation, wage growth, and labour market conditions are the three key indicators the bank monitors when adjusting monetary policy. While all three metrics show signs of easing, recent data does ...
There's been no change in the rate of price rises, official inflation figures showed. The rate of inflation stood at 2.2% in August, the Office for National Statistics said, the same as a month ...
Inflation held steady at 2.2% in the year to August, despite a jump in the cost of flights. The rise in air fares was offset by lower fuel prices and prices in restaurants increasing more slowly ...
Consumer inflation has dipped below the SA Reserve Bank's key target of 4.5%, cooling to 4.4% in August from 4.6% in July. This should seal the deal for an interest rate cut on Thursday. Over the past ...
In August, the key measures of annual underlying inflation rebounded, while headline inflation was flat. Both headline and services inflation still undershot the BoE’s most recent forecasts ...
Consumer inflation has slowed for a third consecutive month and moved down to 4.4% in August from 4.6% in July. This could be great news for consumers who are expecting an interest rate cut in ...
Overall PCE inflation was 2.3% year over year as of August 2024, with core PCE inflation at 2.7%. After soaring to 6.5% in 2022 and 3.7% in 2023, PCE inflation should post an annual average of 2.4 ...
Canada's inflation rate decreased to two per cent in August, Statistics Canada reported on Tuesday, finally hitting the Bank of Canada's target in its long campaign to cool price growth.
1:54 Inflation finally hits Bank of Canada’s 2% target Annual inflation cooled sharply to two per cent in August, according to Statistics Canada, marking a major milestone in the Bank of Canada ...