Tag: inflation
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Interest rates, inflation: Australian mortgage repayments break record RBA reveals
[ad_1] Households are spending a greater share of their income on mortgage repayments than ever before and borrowers can expect this figure to climb even higher, the Reserve Bank has warned. Speaking at a business conference in Sydney on Wednesday, RBA assistant governor Chris Kent, who heads the bank’s financial markets division, said on average,…
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Diesel Prices Could Keep Inflation High
[ad_1] Inflation has been easing around the world. But what happens next could depend partly on the cost of diesel, a wild card that few analysts have been able to predict well. Higher gasoline prices — lit up on giant signs on streets and highways — are typically the most visible, visceral reminder of inflation…
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Food inflation survey: Many choosing cost over nutrition
[ad_1] Under pressure from high food prices, a new survey shows almost half of Canadians are prioritizing the cost of their groceries instead of nutrition. The results from Dalhousie University’s Agri-Food Analytics Lab in Halifax and the consumer data company Caddle found that 45.5 per cent of those surveyed are placing a greater…
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Bank of Canada warns of inflation ‘feedback loop’
[ad_1] Breadcrumb Trail Links Finance Economy Price increases could become self-fulfilling prophecy, further fuelling inflation Published Oct 03, 2023 • Last updated 11 hours ago • 3 minute read Bank of Canada official Nicolas Vincent warned there could still be significant hurdles when it comes to getting inflation back to target. Photo by James Park/Postmedia Article…
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Inflation Measure Favored by the Fed Cooled in August
[ad_1] Federal Reserve officials received more good news in their battle against rapid inflation on Friday, when a key inflation measure continued to slow, the latest evidence that a return to normal after the pandemic and higher interest rates are combining to wrestle rapid price increases back to a more normal pace. The Personal Consumption…
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Eurozone Inflation Rate Drops to 4.3 Percent
[ad_1] Country by Country: A big drop in Germany but rises in Italy and Spain. Inflation in the eurozone, after peaking at an annual rate of 10.6 percent last year, has been on the decline over the past year. Core inflation, which strips out the volatile categories of food and energy and is considered a…
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Oil prices edge higher as global demand reignites inflation worries
[ad_1] For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Oil prices have risen to the highest level in nearly a year as demand for the commodity prompts renewed worries over global inflation. Brent crude oil surpassed…
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How fast is eurozone inflation falling?
[ad_1] Receive free Eurozone inflation updates We’ll send you a myFT Daily Digest email rounding up the latest Eurozone inflation news every morning. Oil prices are rising and retailers’ summer sales are ending, yet most economists expect inflation in the eurozone to fall to nearly a two-year low in September when official data is released…
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$100 Oil Could Scramble the Fed’s Efforts to Ease Inflation
[ad_1] What rising oil prices mean for the Fed Crude oil has slipped below the 10-month high it hit on Tuesday. But analysts say the monthslong rally that has sent prices close to $100 a barrel isn’t over, posing a big risk for global growth and complicating central bankers’ efforts to tame inflation. Expect Jay…
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Canada’s inflation rate increases to 4%
[ad_1] Business·Breaking Canada’s inflation rate jumped higher last month, to an annual pace of four per cent, mostly because of an increase in gasoline prices. Grocery prices increased at 6.9% annual pace Pete Evans · CBC News · Posted: Sep 19, 2023 8:41 AM EDT | Last Updated: 16 minutes ago Gas prices increased by…
