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Consumer prices

Europe sees fastest pace of rate hikes since euro launched

FRANKFURT, Germany ((DailyNews)) — The European Central Bank piled on another outsized interest rate hike aimed at squelching out-of-control inflation, increasing rates at the...

UK inflation accelerates to 40-year high as food prices rise

LONDON ((DailyNews)) — British food prices rose at the fastest pace since 1980 last month, driving inflation back to a 40-year high and heaping...

As the causes of US inflation grow, so do the dangers

WASHINGTON ((DailyNews)) — What keeps driving inflation so high? The answer, it seems, is nearly everything. Supply chain snarls and parts shortages inflated the...

Little sign of relief expected in September inflation data

WASHINGTON ((DailyNews)) — Any Americans hoping for relief from months of punishing inflation might not see much in Thursday’s government report on price increases...

Cheaper gas likely slowed high US inflation for a 2nd month

WASHINGTON ((DailyNews)) — A sign that the painful inflation of the past 18 months may be gradually easing could come Tuesday, when the government...

Lower prices offer Americans slight reprieve from inflation

WASHINGTON ((DailyNews)) — Falling prices for gas, airline tickets and clothes gave Americans a little bit of relief last month, though overall inflation is...

Bank of England predicts recession at the end of the year

LONDON ((DailyNews)) — The Bank of England announced its biggest interest rate increase in 27 years on Thursday as it forecast that the war...

EXPLAINER: Why US inflation is so high, and when it may ease

WASHINGTON ((DailyNews)) — Inflation’s relentless surge didn’t merely persist in June. It accelerated.For the 12 months ending in June, the government’s consumer price index...

Surging gas prices likely drove US inflation to 40-year high

WASHINGTON ((DailyNews)) — U.S. inflation likely reached a new 40-year high in June, driven up by a spike in gas costs, more expensive food...

Powell: ‘No guarantee’ Fed can tame inflation, spare jobs

WASHINGTON ((DailyNews)) — Federal Reserve Chair Jerome Powell said there’s “no guarantee″ the central bank can tame runaway inflation without hurting the job market.Speaking...

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