JACKSON HOLE, Wyo. — President Donald Trump’s new Federal Reserve chair said Friday that although measures of inflation are still elevated, it is not yet clear that the central bank must take urgent action to address rising prices. The speech at the Fed’s yearly retreat at Jackson Hole had been eagerly anticipated after a rocky…
Inflation has worsened since the US and Israel attacked Iran, sending energy prices spiralling. Published On 26 Aug 202626 Aug 2026 Inflation in the United States is holding steady well above the Federal Reserve’s 2 percent target for the 65th straight month, intensifying the debate about whether the US central bank should hold or increase…
South Africa’s headline consumer inflation slowed to 4.3% year on year in July from 5% in June, data from Statistics South Africa showed on Wednesday, breaking a four-month run of accelerating prices. Economists polled by Reuters had expected inflation would ease to 4.5%, helped by lower transport costs as fuel prices retreated after a temporary…
US prices rose 3.4% in the year to July, slightly lower than the 3.5% in the year to June, new figures show. Energy remained volatile as the Middle East conflict has continued. While gasoline prices were down 2.9% in July compared to June, they were up 24.6% over the year. Month to month, inflation rose…
South Africa’s headline consumer inflation accelerated faster than expected to 5% year on year in June, from 4.5% in May, data from Stats SA showed on Wednesday. The June print marks the fourth consecutive month of accelerating inflation — the rate has climbed steadily from 3% in February, when it briefly touched the Reserve Bank’s…
The cost of South African internet domains is going up by 6.2% from 1 October – an increase well above inflation, despite the fee being set under what the .za Domain Name Authority (.zadna) describes as a CPI-linked pricing methodology. .Zadna, the statutory regulator of the .za namespace, said on Friday that the registry fee…
Chicago Federal Reserve President Austan Goolsbee said Thursday that inflation is still trending the wrong way though there has been a few bright spots. In a live CNBC interview from his home district, the policymaker declined to speculate on where he thinks interest rates are headed. However, he said he remains squarely focused on inflation,…
An employee counts genuine South Korean 50,000 won banknotes in this arranged photograph at the Counterfeit Notes Response Center of KEB Hana Bank in Seoul, South Korea, Aug. 14, 2017. The won advanced for the first day in four as top U.S. national security officials sought to damp down talk of am imminent war with North Korea following days…
Consumer inflation in the United States increased at the fastest pace in three years as surging oil prices amid tensions with Iran weigh on global energy markets before the US Federal Reserve’s policy meeting next week. Inflation rose by 0.5 percent in May compared with the prior month, following a 0.6 percent jump in April,…
A customer shops for gold jewelry at a gold store in Hangzhou, Zhejiang Province, China, on June 3, 2026. Costfoto | Nurphoto | Getty Images China’s wholesale prices rose at the fastest pace in nearly four years in May, driven by surging raw material costs due to the Iran war and an artificial intelligence investment…
