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Russia’s full-scale war in Ukraine cost Poland an estimated €113.4 billion between 2022 and 2025, according to Statistics Poland. The losses include reduced economic output, higher inflation, lower real wage growth, and increased defense and Ukraine-related spending.

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koreatimes.co.kr | 4 hrs. 21 min. ago

US stocks jump as oil eases, inflation comes in near expectations

#Brent crude #eastern #Inflation #Iran #Nasdaq #New York #oil #oil price #Oil prices #prices #stock #United States #war

NEW YORK — U.S. stocks are rebounding Friday and clawing back much of their losses for the week after oil prices eased off their recent spurt. An update on inflation across the United States that came in close to economists’ expectations, even if prices are still rising too quickly for everyone's liking, also helped calm the market. The S&P 500 climbed 1 percent and was on track to break a four-day losing streak, its longest since June. The Dow Jones Industrial Average was up 479 points, or 0.9 percent, as of 10:30 a.m. Eastern time, and the Nasdaq composite was 1.2 percent higher. They got help from a pullback in oil prices, which had jumped to their highest levels since May because of the ongoing war with Iran. The price for a barrel of Brent crude, the international standard, fell 2.5 percent to $104.93 after getting near $110 overnight. That took a bit of pressure off inflation, which remains stubbornly high. A report on Friday showed that U.S. consumers had to pay prices for gasoline, food and other costs of living that were 3.4 percent higher last month than a year earlier. Whi

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nytimes.com | 6 hrs. 41 min. ago

Inflation Complicates Trump’s Midterms Pitch to Voters

#Gas #gas price #Inflation #mortgage #Trump

Gas prices are high, mortgage rates are climbing and inflation remains well above target, complicating the president’s midterm appeal.

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theguardian.com | 9 hrs. 27 min. ago

‘Costing billions’: is the pensions triple lock a lifeline or simply unaffordable?

#billion #budget #Inflation #pension #UK

With the budget looming, arguments rage over whether ministers should scrap a pledge popular with millionsThere were fresh calls this week for the state pension “triple lock” to be ditched as debate rages over whether the UK can afford it.The triple lock guarantees that the state pension goes up each year in line with inflation or wage increases or 2.5% – whichever is the highest. Continue reading...

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euronews.com | 9 hrs. 34 min. ago

How the ECB rate hike will affect mortgage borrowers

#Bank #banks #ECB #Eurozone #Inflation #market #mortgage #Rate Hike

The ECB’s decision was largely priced in before it was announced, but mortgage rates could rise further across the eurozone’s biggest economies as banks respond to persistent inflation and elevated market rates.

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theguardian.com | 9 hrs. 48 min. ago

‘Costing billions’: is the pensions triple lock a lifeline or simply unaffordable?

#budget #Inflation #Pension

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newsbeep.com | 10 hrs. 3 min. ago

Social Security COLA for 2027 Now Projected to Be 3.5%-3.6%

#Federal Reserve #Inflation

As inflation continues to run hotter than the Federal Reserve’s 2% annual target rate, Social Security beneficiaries are…

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euronews.com | 10 hrs. 46 min. ago

How the ECB rate hike will affect mortgage borrowers

#bank #ECB #Inflation

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livemint.com | 11 hrs. 46 min. ago

Good news for Social Security beneficiaries? 2027 COLA could see a 3.5%-3.6% increase, groups estimate

#Analyst #Inflation

Social Security beneficiaries could see a 3.5 per cent-3.6 per cent COLA increase in 2027, with estimates varying among analysts and groups. The official adjustment will depend on September inflation data, with the Social Security Administration expected to announce it in October.

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ft.com | 11 hrs. 46 min. ago

High oil prices could force ECB to raise rates further, warns top policymaker

#Austria #Bank #central bank #ECB #Inflation #oil #oil price

Austrian central bank governor Martin Kocher says risk of elevated inflation is higher than it was a few months ago

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livemint.com | 11 hrs. 51 min. ago

Good news for Social Security beneficiaries? 2027 COLA could see a 3.5%-3.6% increase, groups estimate

#administration #Inflation #security

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koreatimes.co.kr | 13 hrs. 45 min. ago

No relief from inflation as Middle East clash lifts fuel prices to painful levels

#affordability #consumer price index #election #Federal Reserve #fuel #fuel prices #gas #gas price #Gas prices #Inflation #interest rate #Middle East #midterm elections #prices #Signal #Washington

WASHINGTON — U.S. inflation accelerated last month as gas prices spiked in the wake of renewed fighting in the Middle East, underscoring the affordability challenges that are top of mind for many voters with midterm elections now just seven weeks away. The consumer price index rose 3.4 percent last month compared with a year ago, the Labor Department said Friday, just like July. But inflation quickened month to month as costs jumped 0.4 percent from July, quadrupling the 0.1 percent registered in the previous month. Inflation remains stubbornly elevated more than five years after prices soared as the economy emerged from the pandemic. Friday's report increases pressure on the inflation-fighters at the Federal Reserve to boost their benchmark interest rate next week, which could lift mortgage and auto loan costs in the months ahead. Federal Reserve Chair Kevin Warsh and other Fed officials have signaled they would need to see continuing disinflation to leave rates where they are. "Today’s August report did not deliver that,” said Kathy Bostjancic, chief economist at Nationwide. Price

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nytimes.com | 15 hrs. 33 min. ago

Elevated Inflation Keeps Pressure on Fed to Raise Rates

#consumer price index #Fed #Federal Reserve #index #Inflation

The odds of a quarter-point rate increase at the Federal Reserve’s meeting next week surged to 90 percent after August’s Consumer Price Index report.

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theatlantic.com | 17 hrs. 29 min. ago

Everything Trump Wants to Do Causes Inflation

#Inflation #Trump

Does he not understand, or does he just not care?

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koreatimes.co.kr | 17 hrs. 48 min. ago

Gold climbs on dip-buying, Fed rate hike bets rise after US inflation data

#BET #consumer price index #CPI #Fed #Federal Reserve #Futures #Gold #index #Inflation #interest rate #Interest rate hike #loss #market #oil #oil price #Rate Hike #Volatility

Gold prices firmed over 1 percent on Friday, rebounding from recent losses and finding a short-term floor despite strong U.S. inflation data bolstering expectations of an interest rate hike by the Federal Reserve next week. Spot gold rose 1.2 percent to $4,366.69 per ounce by 11:22 a.m. EDT (1522 GMT). The metal, however, was down about 1.4 percent for the week so far. "Gold is recovering rapidly after a brief dip, as CPI data may be cementing expectations of a Fed rate hike next week. The volatility is somewhat muted, as market had a hike 70 percent priced in," said Tai Wong, an independent metals trader. "Price action here suggests that gold is finding a short-term base after the recent retreat." U.S. gold futures gained 0.1 percent to $4,409.30. Prices fell nearly 2 percent on Thursday after the U.S. Producer Price Index data showed prices increased in line with expectations in August. The Consumer Price Index increased 0.4 percent last month after edging up 0.1 percent in July, the labor department's Bureau of Labor Statistics said on Friday. Oil prices fell on Friday, but remained on c

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axios.com | 17 hrs. 48 min. ago

Record diesel prices stoke food inflation, transportation costs

#Analyst #Diesel #Dollar #earnings #economy #energy #energy prices #food inflation #food prices #Forecast #gasoline #Inflation #Iran #Li #oil #Portfolio #Shipping #Supply Chain #trade #Trump

The record price of diesel threatens to stoke inflation at a time when consumers are already price-sensitive and businesses are reeling from higher costs due to trade tensions. Why it matters: Diesel is a key cost throughout the supply chain, meaning soaring prices could eventually show up in what consumers pay for everything from groceries to household goods.Driving the news: The national average price of a gallon of diesel topped $6 for the first time ever, AAA said Friday, Axios' Ben Berkowitz reports.That's up 60% from a year earlier.Between the lines: Food prices could be among the first places consumers feel the ripple effects, executives said this week.At grocery chain Kroger, which has been trying to keep a lid on prices: "I would expect that the pressure is actually going to mount," CEO Greg Foran said Friday on an earnings call.At pork producer Smithfield Foods: "That impact is beginning to flow through in the second half of the year," CFO Mark Hall said Thursday.At Hormel Foods: "With the Iran war and the spike in diesel costs, that's been something we've had to confront," interim CEO Jeffrey Ettinger said Wednesday.But the effects extend well beyond food.For example, at Newell Brands — whose portfolio includes Rubbermaid, Sharpie and Coleman — the inflationary impacts of energy costs have far exceeded the company's initial estimates."It's either resin, which is obviously dependent on the price of oil, or it is direct transportation costs, i.e., diesel," CFO Mark Erceg said Tuesday.The big picture: Energy prices have spiked since President Trump launched the war with Iran, which prompted the closure of the Strait of Hormuz, a key shipping lane.The latest Energy Information Administration outlook expects retail diesel to average $4.40 a gallon in 2027, up 33 cents, or 8.2%, from its previous forecast of $4.07, Axios' Rebecca Falconer and Ben Geman reported.The average price of unleaded gasoline has also spiked, rising by $1.11 over the last year to $4.30 per gallon as of Friday, according to AAA.By the numbers: 47 of the 50 states have experienced an increase in average diesel prices of more than $2 per gallon over the last year, according to GasBuddy analyst Patrick De Haan.The economy is facing an extra $300 million in diesel costs every 24 hours.California is poised to become the first state with average diesel prices above $8 — with many stations already above $9, according to GasBuddy.The bottom line: Record diesel prices are turning the energy shock into a broader cost shock for businesses and consumers.

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koreatimes.co.kr | 18 hrs. 4 min. ago

Gold climbs on dip-buying, Fed rate hike bets rise after US inflation data

#consumer price index #CPI #Federal Reserve #gold #Inflation #interest rate #interest rate hike #oil #oil price #Oil prices #prices #statistics #US inflation #volatility

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koreatimes.co.kr | 19 hrs. 56 min. ago

US stocks jump as oil eases, inflation comes in near expectations

#Barrel #BIT #crude #Dow Jones #gasoline #Inflation #Iran #loss #market #Nasdaq #oil #oil price #Pullback #stock #stocks #United States

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economist.com | 20 hrs. 26 min. ago

Surging bond yields presage pain—and not just for bond investors

#bond #Bonds #debt #Government Bonds #Inflation #yield

Stubborn inflation, corporate demand for capital and big public debts are squeezing holders of government bonds

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washingtonpost.com | 21 hrs. 2 min. ago

Stubborn inflation leaves GOP with higher prices past the midterms

#consumer price index #index #Inflation

The Labor Department’s consumer price index held steady last month, rising as expected for the year ending in August.

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businessinsider.com | 21 hrs. 19 min. ago

BofA says record-high diesel is a ‘real-economy pressure point’ that's flashing a warning

#Diesel #economy #Inflation #real

The cost of diesel hit $6 a gallon for the first time ever this week. It could be another blow to consumers already feeling the sting of high inflation.

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thebulwark.com | 21 hrs. 31 min. ago

Receipts Live: Diesel Prices Soar to $6 a Gallon, Inflation Outpaces Wages

#Diesel #Inflation #wages

A recording from The Bulwark's live video

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nypost.com | 21 hrs. 52 min. ago

Fed Chair Kevin Warsh under pressure to hike rates as inflation fails to cool: ‘Time to put up or shut up’

#Fed #Inflation

The latest data suggest inflation by the Fed's targeted measure, above the target 2% for 5-1/2 years, is again moving in the wrong direction.

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thehindu.com | 22 hrs. 6 min. ago

MPC will reassess growth-inflation dynamics at next meeting: RBI Governor

#governor #Inflation #oil #oil price #Oil prices #prices

On inflation, RBI Governor Sanjay Malhotra said the rising crude oil prices will have an impact but it will depend on how much is passed through

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newsbeep.com | 22 hrs. 6 min. ago

Here’s the inflation breakdown for August 2026 — in one chart

#Gas #Inflation

A driver refuels a vehicle at a Chevron gas station in Miami, Florida, Sept. 3, 2026. Zak Bennett/Bloomberg…

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ft.com | 22 hrs. 7 min. ago

UK economy unexpectedly grew 0.4% in July boosted by AI surge

#AI #economy #Inflation #oil #oil price

Resilient start to third quarter comes as surging oil price reignites inflation fears

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economist.com | 22 hrs. 42 min. ago

Surging bonds yields presage pain—and not just for bond investors

#bond #Bonds #debt #Government Bonds #Inflation #yield

Stubborn inflation, corporate demand for capital and big public debts are squeezing holders of government bonds

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economist.com | 22 hrs. 55 min. ago

Surging bond yields presage pain—and not just for bond investors

#government #Inflation #investor #Public Debt

Stubborn inflation, corporate demand for capital and big public debts are squeezing holders of government bonds

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koreatimes.co.kr | 23 hrs. 3 min. ago

No relief from inflation as Middle East clash lifts fuel prices to painful levels

#Benchmark #consumer price index #economy #Fed #Federal Reserve #Gas #gas price #index #Inflation #interest rate #mortgage #pandemic #relief

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theguardian.com | 23 hrs. 15 min. ago

US lettuce prices chopped as costs for other goods remain stubbornly high

#food prices #Inflation #Trump

Price for the crop dropped dramatically this summer after the cyclospora outbreak caused demand to wiltAt the Republicans’ midterm convention held earlier this week, Donald Trump said that “food prices and almost every other item are rapidly going down”. Fresh inflation data on Friday told a different story – but in one specific case, costs have been chopped.The price of lettuce dropped dramatically this summer after the cyclospora outbreak caused demand to wilt, with prices dropping even further in August, according to new data released on Friday. Continue reading...

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nytimes.com | 23 hrs. 36 min. ago

Diesel Jumps Above $6 a Gallon, Adding to Inflation Pressure

#fuel #Inflation #Middle East #oil

The price of U.S. diesel fuel hit to a new high over mounting fears that fighting in the Middle East could further threaten oil supplies.

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euronews.com | 1 days ago

US inflation holds at 3.4% as monthly price rises hit fastest pace since May

#energy #Federal Reserve #Inflation #prices #US inflation

US consumer prices rose 3.4% in the year to August, unchanged from July and exactly in line with expectations, but the monthly increase of 0.4% was the sharpest since May, a sign the energy shock is starting to bite four days before a Federal Reserve decision markets expect will deliver a rate hike.

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ft.com | 1 days ago

Warsh under mounting pressure to raise rates as US inflation persists

#Inflation #oil #oil price

Inflation remained stubbornly elevated at 3.4% in August at the end of a week of surging oil prices

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bbc.co.uk | 1 days ago

US prices remain high as fuel costs squeeze household budgets

#budget #fuel #Inflation #prices

Prices in the US rose 3.4% in the 12 months to August, according to the latest official report on inflation.

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thedailybeast.com | 1 days ago

Trump Faces Interest Rate Humiliation After Grim Inflation Report

#consumer price index #Donald Trump #Inflation #interest rate #President #Trump

Kevin Dietsch/Getty ImagesDonald Trump’s crusade to cut interest rates took a major hit when the U.S. Consumer Price Index report, released Friday, showed inflation was still climbing.Overall inflation continued its 3.4 percent annual rise, and a wide range of core goods and services grew more costly in August.Markets now see a rate hike as a virtual sure thing—and another counterpoint to the president’s brags of a booming economy.Read more at The Daily Beast.

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nypost.com | 1 days ago

Ron DeSantis swiftly shoots down Trump’s $5K dividend proposal: ‘More inflation’

#Inflation #Ron DeSantis #tax #Ted Cruz #Texas #Trump

Sen. Ted Cruz (R-Texas) has suggested the giveaway could be "structured as a tax refund" for working Americans.

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nypost.com | 1 days ago

Dow soars 400 points, oil retreats as inflation data calms slumping Wall Street

#Inflation #oil #wall

Wall Street is on track on to break a four-day losing streak.

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euronews.com | 1 days ago

US inflation holds at 3.4% as monthly price rises hit fastest pace since May

#BIT #Consumer Prices #energy #Federal Reserve #Hold #Inflation #market #Rate Hike

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Previous Next

Inflation is outpacing wage growth again, squeezing Americans’ paychecks

[$] Inflation Complicates Trump’s Midterms Pitch to Voters

Russia’s War in Ukraine Has Cost Poland’s Economy More than €100 bln, Estimate Shows

US stocks jump as oil eases, inflation comes in near expectations

Inflation Complicates Trump’s Midterms Pitch to Voters

‘Costing billions’: is the pensions triple lock a lifeline or simply unaffordable?

How the ECB rate hike will affect mortgage borrowers

‘Costing billions’: is the pensions triple lock a lifeline or simply unaffordable?

Social Security COLA for 2027 Now Projected to Be 3.5%-3.6%

How the ECB rate hike will affect mortgage borrowers

Good news for Social Security beneficiaries? 2027 COLA could see a 3.5%-3.6% increase, groups estimate

High oil prices could force ECB to raise rates further, warns top policymaker

Good news for Social Security beneficiaries? 2027 COLA could see a 3.5%-3.6% increase, groups estimate

No relief from inflation as Middle East clash lifts fuel prices to painful levels

Elevated Inflation Keeps Pressure on Fed to Raise Rates

Everything Trump Wants to Do Causes Inflation

Gold climbs on dip-buying, Fed rate hike bets rise after US inflation data

Record diesel prices stoke food inflation, transportation costs

Gold climbs on dip-buying, Fed rate hike bets rise after US inflation data

US stocks jump as oil eases, inflation comes in near expectations

newsmart is free – and should stay that way.

Surging bond yields presage pain—and not just for bond investors

Stubborn inflation leaves GOP with higher prices past the midterms

BofA says record-high diesel is a ‘real-economy pressure point’ that's flashing a warning

Receipts Live: Diesel Prices Soar to $6 a Gallon, Inflation Outpaces Wages

Fed Chair Kevin Warsh under pressure to hike rates as inflation fails to cool: ‘Time to put up or shut up’

MPC will reassess growth-inflation dynamics at next meeting: RBI Governor

Here’s the inflation breakdown for August 2026 — in one chart

UK economy unexpectedly grew 0.4% in July boosted by AI surge

Surging bonds yields presage pain—and not just for bond investors

Surging bond yields presage pain—and not just for bond investors

For translators: original audio as your working base

No relief from inflation as Middle East clash lifts fuel prices to painful levels

US lettuce prices chopped as costs for other goods remain stubbornly high

Diesel Jumps Above $6 a Gallon, Adding to Inflation Pressure

US inflation holds at 3.4% as monthly price rises hit fastest pace since May

Warsh under mounting pressure to raise rates as US inflation persists

US prices remain high as fuel costs squeeze household budgets

Trump Faces Interest Rate Humiliation After Grim Inflation Report

Ron DeSantis swiftly shoots down Trump’s $5K dividend proposal: ‘More inflation’

Dow soars 400 points, oil retreats as inflation data calms slumping Wall Street

US inflation holds at 3.4% as monthly price rises hit fastest pace since May