Official figures show that inflation across the 19-country eurozone was lower in July than anticipated, bolstering expectations that the European Central Bank will provide another shot of stimulus to the single currency bloc next month.
Consumer price inflation remains very low, defying predictions that tariffs on metals and Chinese goods would squeeze U.S. families.
Prices of goods, less food and fuel, unexpectedly fell in July, once again demonstrating tariffs are hurting U.S. consumers.|
Iran’s Central Bank announced Wednesday that the nation would rename the national currency, the rial, as the “toman” and “delete four zeros” from its value.
Consumers shrugged off trade tensions and Democrat attempts to talk down the economy in July, pushing confidence higher than expected.
Prices for goods in the U.S. dropped 0.4 percent in June even as tariffs on $200 billion of Chinese imports rose.
Tariffs have not pushed up consumer prices. The consumer price index ticked up just 0.1 percent in June, the Department of Labor said Thursday. Compared with a year ago, prices rose just 1.6 percent, a deceleration of price gains from
Consumers expect long-term a inflation rate of just 2.2 percent, the lowest rate recorded over the past 40 years.
The idea that tariffs would drive up prices is finally fading from respectability. | %%primary_category%%
The acting White House chief of staff explained this morning’s price data. Importers pay tariffs but consumer prices aren’t rising.
Claims that the China or metals tariffs are squeezing consumers lack any basis in fact, the most recent inflation data show.
Venezuela’s central bank published comprehensive economic data this week for the first time since 2015. The report published by the regime of dictator Nicolas Maduro was not as horrifying as projections from outside observers like the International Monetary Fund (IMF) but nevertheless admits to dizzying rates of inflation and a collapsing economy.
Prices of durable goods, which are thought to be those most likely to be affected by metals tariffs, are down 1.8 percent.
Consumer sentiment improved from its April slump but fears that tariffs could raise prices pushed up inflation expectations.
One of the best indicators of economic growth points toward acceleration in May and shows no signs of trade war strain.
The prices of Chinese goods imported to the U.S. fell in April by 0.1 percent after holding steady in March. Prices are down 1.1 percent over the past twelve months. Import prices reported by the Labor Department do not include
Falling inflation expectations diminish the risk of prices rising and could pressure Fed to cut rates sooner.
Prices of toys, sports equipment, computers, phones, and other items that would be hit by tariffs have been falling.
Neither the tariffs placed on steel and aluminum a year ago nor the more recent ten percent tariff on Chinese goods has pushed prices of goods sold to consumers up.
Lower than expected prices received by businesses indicates that inflationary pressures in the U.S. remain very weak.
The better-than-expected number is an indication that consumers are feeling optimistic as the second quarter of 2019 begins.
Consumer spending data points to a strengthening economy. Wages rose for the third month in a row. Inflation stayed tame.
President Donald Trump praised the U.S. 3.2 GDP increase released Friday for the first quarter of 2019 as much higher than expectations.
U.S. consumers’ views of current economic conditions improved in April while expectations for the future faded a bit.
Prices of cars, trucks, and soup are up by less than 1 percent compard with a year ago. TV prices have fallen by 19.3 percent
Excluding food and energy, inflation was at its tamest since February of 2018. Economists had expected higher prices.
The Fed says it aims for 2 percent inflation. As this year began, inflation fell further below that target.
Who pays for tariffs? A year after Trump announced tariffs on steel and aluminum, there’s no sign of tariff induced-inflation.
Still no signs that the price level of consumer goods is rising due to a rising budget deficit or tariffs on imported goods.
A new study seems to show a very small loss from tariffs. But a closer look shows even that is produced by flawed analysis.
