Rising global temperatures are accelerating inflation and will likely push the cost of food, goods and services higher for years to come, researchers warned Thursday, the latest example of how the climate crisis is affecting human health and the economy as the costs of adapting to a warming world grow....

The strain that rising global temperatures could have on on the agriculture industry and inflation around the world will likely cause food prices to increase even more, according to new research.Changes in average monthly temperatures have the strongest and most consistent correlation to productivity and inflation figures,...

Financial market expectations are building for an interest rate cut next March.

Financial markets are eagerly awaiting any hints on when the Federal Reserve might cut borrowing costs in 2024.

The Consumer Price Index in Germany decreased 0.40% in November of 2023 over the previous month....

Consumer prices rose 3.2 percent in the year through October, decelerating from the previous month and showing encouraging signs under the surface.

Officials are trying to understand why consumer spending, the job market and overall growth have not responded to the most aggressive interest rates in decades.

“Inflation is still expected to stay too high for too long,” the bank said, but noted that its campaign of interest rate increases was helping to curb price pressures.

Measures of U.S. inflation in September showed that the pace of price increases is still grinding lower, though at a slow and uneven pace

Price increase rates of about 80 percent of restaurant menus exceeded the price increase rate of a market basket of consumer goods in September, according to data on Monday. According to Statistics Korea, the consumer price index, which functions as an economic metric for the price of a weighted average market basket of consumer...

Child poverty in the United States more than doubled and median household income declined last year when coronavirus pandemic-era government benefits expired and inflation kept rising, according to figures released Tuesday by the U.S. Census Bureau....

Which? research finds cheese, butter and bread are up by more than 30% in the past two years, hitting the poor hardest

Nestle and Danone are among firms whose product prices in France have risen by more than 10% this year, data shows, potentially putting them under pressure to renegotiate with French retailers.

A year straight of falling inflation has made Republican arguments against 'Bidenomics' way less convincing.

Americans learned Wednesday morning the rate of inflation nationally has dropped dramatically, to just 3% annually, down from over 9% one year ago.But not in Florida, which MarketWatch reports “has the highest inflation in the U.S.”For much of the year, even before his presidential campaign official...

Finanzminister Magnus Brunner (ÖVP) hat mit seiner Aussage von Dienstag, wonach die hohen Lohnabschlüsse Grund für die im EU-Vergleich hohe Inflation in Österreich seien, auch am Mittwoch für Wirbel gesorgt. Kritik kam vom Koalitionspartner Grüne ebenso wie von SPÖ, FPÖ und der GPA. Brunner lenkte indes ein.

Higher prices so far mostly reflect increases in profits and import costs, but labor costs are picking up

Im Gegensatz dazu:...

Der gesetzliche Mindestlohn soll auf Vorschlag der Mindestlohnkommission zunächst um 41 Cent angehoben werden. Sozialverbände hatten eine Erhöhung von 12 auf 14 Euro gefordert. Die Gewerkschaften stimmten deshalb gegen den Vorschlag.

But slowing exports to Western nations won’t alone stem rapidly rising prices.

Food prices remain stubbornly high, cost of living crisis is really starting to bite....

The stubborn figure means interest rates are likely to rise again - an announcement is due on Thursday.

Americans are still spending as inflation has finally shown signs of cooling. Still, there are some troubling economic signs. Mark Strassmann breaks it all down.

Food prices have soared 18% over the past two years, and while they won’t rise as rapidly, they’re not coming back down, according to a new report.