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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: inflation

inflation stories: 135 news summaries

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 Japan's Inflation Surges 

Unemployment also rises in world's second-largest economy

Mar 28, 08 8:58 AM CDT
(Newser) - A double whammy of rising inflation and unemployment has experts worried that Japan’s economy—the world’s second largest—is fast losing steam, reports the Wall Street Journal. Inflation in February rose 1%, its fastest spike in a decade, and household spending stalled in the face of rising... More »

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inflation • Japan • exports • Tokyo • unemployment • Japanese economy

Could the Credit Crunch Sink a Whole Country?

Iceland frets about collapse as interest rates spike to 15%

Mar 26, 08 9:10 AM CDT
(Newser) - The global credit crisis has spelled disaster for banks and hedge funds, but now worry is mounting that an entire country could go under. Yesterday the central bank of Iceland was forced to raise its interest rate 1.25 percentage points to 15% at an emergency meeting, reports the Financial ... More »

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inflation • Iceland • credit crisis • interest rate cut • krona • financial crisis

Oil Hovers
Near $102
a Barrel

Iraq fighting, low gas supplies and weak dollar boost price

Mar 26, 08 6:16 AM CDT
(Newser) - Concern about potential supply disruptions in Iraq and American gasoline reserves pushed oil prices up for the second day in a row, despite expected news from the Energy Department that crude supplies in the US had rebounded, reports the Associated Press. The US dollar’s continued depreciation against a slew... More »

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inflation • oil price • crude oil • weak dollar • oil supply

Rising Cost of Essentials
Slams Poor Families

Prices of "core" items are rising twice as fast as wages

Mar 21, 08 1:35 PM CDT
(Newser) - The rising price of essentials and sluggish growth in wages mean that inflation is hitting low- to middle-income families hardest, the Washington Post reports. Americans are paying 9.2% more for staples—groceries, gas, health care, etc.— than they did in 2006, nearly twice the pace of the growth... More »

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inflation • health care costs • middle class • wages • gas prices • consumer prices • food prices • low-income families

 Wall Street Sneezes;
 Heartland Catches Cold 

Worries about a recession are hitting home with Americans

Mar 21, 08 11:36 AM CDT
(Newser) - The high-profile economic woes plaguing Wall Street and previously hot housing markets are spreading, raising the possibility of the worst recession Americans have faced in years. The New York Times crisscrosses the country, assembling anecdotal evidence—suddenly thrifty brides, unsold construction equipment, sinking earnings at FedEx—that suggests the slowdown... More »

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inflation • home sales • consumer confidence • recession • unemployment • credit crisis • heartland • economy

 Fed Cut Raises Inflation Fears 

Borrowers, exporters stand to gain, but critics find move 'self-defeating'

Mar 19, 08 10:27 AM CDT
(Newser) - The Federal Reserve's latest rate cut might boost the economy with cheaper credit, but economists worry a freed inflation genie could be behind any magic, the Washington Post reports. Commodity prices rose to record levels in expectation that the rate cut would keep demand high, and the price hikes are... More »

MORE ABOUT:
inflation • Ben Bernanke • Federal Reserve • mortgage • exports • commodities • interest rate cut • N. Gregory Mankiw • Lee Hoskins • Kenneth Rogoff

 Housing Starts Down;
 Producer Prices Up 

Housing will hurt '08 growth

Mar 18, 08 11:55 AM CDT
(Newser) - Housing starts fell yet again in February, and building permits hit a 16-year low, Bloomberg reports. The annual housing start rate fell to 1.065 million homes, a 0.6% drop from January, while permits sank 7.8%, indicating still bigger declines to come. “We don’t see it... More »

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inflation • Ben Bernanke • housing market • construction • core inflation • housing starts • building permit

Fed 'Will Get on Top of This,' Says Bernanke Mentor

Scope 'far exceeds'
that of previous crises

Mar 18, 08 10:35 AM CDT
(Newser) - Ben Bernanke has the savvy to inject enough liquidity into the US economy to push it through the current credit crisis, says a leading economist who advised the Fed chief's MIT doctoral thesis. “The Fed will get on top of this,” said Stanley Fischer, ahead of this afternoon's... More »

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inflation • Ben Bernanke • Federal Reserve • International Monetary Fund • MIT • IMF • credit crisis • interest rate cut • financial crisis

 Consumer Prices Flat in Feb. 

Lack of increase means Fed has an open door to a big rate cute next week

Mar 14, 08 8:41 AM CDT
(Newser) - Consumer prices were flat for February, pleasantly surprising economists who expected a 0.2% increase, reports the Wall Street Journal. This morning’s consumer price index eases concerns that inflation is accelerating as the economy slows, and it gives the Federal Reserve more reason to float a large interest rate... More »

MORE ABOUT:
inflation • Consumer Price Index • core inflation • US economy • gas prices • consumer prices • food prices • oil price • economy • energy costs

 Ruling Conservatives 
 Should Fare Well in Iran Vote 

Conservatives likely to gain in parliament as many reform candidates barred

Mar 13, 08 6:12 PM CDT
(Newser) - Iranian conservatives are likely to gain seats in tomorrow's parliamentary elections despite Mahmoud Ahmadinejad's growing unpopularity, Al Jazeera reports. Iranians may disapprove of the president's economic policies, but the ruling Guardians Council barred 1,700 candidates—mainly reformists—from seeking election to the 290-seat parliament. Government officials and state-run media... More »

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Iran • inflation • Mahmoud Ahmadinejad • Teheran • Ayatollah Ali Khamenei • election • Guardian Council

 Gold Hits Record $1K per Ounce 

Slumping US economy, dollar sends investors to shiny commodity

Mar 13, 08 1:03 PM CDT
(Newser) - Gold hit $1,000 per ounce for the first time today, the BBC reports, as investors flock to commodities. The precious metal is already up 20% on the year. “Every bit of bad US economic data boosts gold in two ways,” said Fortis Bank, both because gold is... More »

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inflation • Federal Reserve • interest rate • US dollar • gold • commodities • interest rate cut

$4 Gas Expected This Spring

Energy Department predicts gas prices to peak soon

Mar 12, 08 4:40 AM CDT
(Newser) - Skyrocketing gas prices could hit $4 a gallon as early as this spring, predict government analysts. A new Energy Department report estimates prices will peak at close to $3.50 in most of the nation in May and June, but the $4 barrier could be broken in some regions, and... More »

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inflation • oil • gas prices • oil price • oil supply • $100 a barrel oil

Oil Flirts With Record-High $104

Passes inflation-adjusted all-time peak

Mar 3, 08 11:45 AM CST
(Newser) - As oil soared to nearly $104 a barrel today, it set an all-time, inflation-adjusted record, surpassing even the height of the oil crises of the '70s and '80s, the New York Times reports. Futures touched $103.95 on the New York Mercantile Exchange, beating out the April 1980 record... More »

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inflation • oil • futures market • oil price • New York Mercantile Exchange • commodities • oil supply • $100 a barrel oil • oil crisis

Consumer Spending Stalls Again

Confidence is falling as inflation rises

Feb 29, 08 12:03 PM CST
(Newser) - Consumer spending rose more than expected in January—but only because prices did so as well, Bloomberg reports. Adjusted for inflation, spending remained flat for the second straight month. With fuel costs rising, banks restricting loans, and property values falling, “consumers are clearly hard-pressed to maintain their standard of... More »

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inflation • Federal Reserve • consumer confidence • recession • consumer spending • US economy • fuel costs • property values

MARKETS

Stocks Tumble on Weak Data

Dow drops 112 points on sluggish growth,  rising jobless claims

Feb 28, 08 3:56 PM CST
(Newser) - Stocks fell more than they had in a week today amid reports of sluggish economic growth, rising jobless claims, and fears of failing banks, Bloomberg reports. The Dow fell 112.10 points to 12,582.18, the Nasdaq fell 22.21 points to 2,331.57, and the S&P... More »

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inflation • Ben Bernanke • Federal Reserve • Dow Jones • unemployment • Nasdaq • GDP • interest rate • S&P 500 • bank failure

Bernanke Signals New Rate Cuts

Says central bank 'will act as needed'
to further minimize economic risks

Feb 27, 08 9:15 AM CST
(Newser) - Federal Reserve Chairman Ben Bernanke today said that the board stands ready to cut interest rates again to give the economy "adequate insurance against downside risks," reports the Wall Street Journal. The move, which follows 2.25% in cuts to the key rate since September, is widely expected... More »

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inflation • Ben Bernanke • housing market • Federal Reserve • energy prices • House Financial Services Committee • testimony • US economy • credit market • Federal Open Market Committee • interest rate cut • labor market

Wholesale Inflation Surges

Producer prices lap analyst estimates

Feb 26, 08 10:06 AM CST
(Newser) - Wholesale prices rose more than twice as fast as analysts predicted in January, in the latest sign that inflation is outstripping growth, Bloomberg reports. After a 0.3% drop in December, finished good prices rose 1% last month, with the core indicator up 0.4%, its biggest gain in almost... More »

MORE ABOUT:
inflation • Ben Bernanke • core inflation • recession • consumer prices • stagflation

Zimbabwe's Inflation Rate Hits 100,000%

And that's just the official figure: in reality it's even worse

Feb 21, 08 12:53 PM CST
(Newser) - Zimbabwe's inflation rate is running at 100,000%, according to the government's statistics office—but that's not the worst news. Insane as that number may sound, it's probably an underestimation, writes the Telegraph. In Harare, where shelves are bare and money is being printed at breakneck speed, a single cigarette... More »

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Africa • inflation • Zimbabwe • Robert Mugabe • corruption • currency exchange

$100 Oil Fuels Recession Fears

Speculation is driving oil up, and that's a concern for consumers, economists

Feb 21, 08 12:47 PM CST
(Newser) - Oil prices have jumped 16% in two weeks, and analysts tell the Christian Science Monitor the run-up couldn't come at a worse time. As the US economy flirts with recession, beleaguered consumers could end up spending their economic stimulus checks to cover even higher gas prices. The $101.32 per... More »

MORE ABOUT:
inflation • oil • OPEC • energy prices • recession • gas prices • oil price • crude oil • oil production • $100 a barrel oil

Fed Sees Slower Growth, Higher Unemployment

Reserve officials sharply reduce economic forecast

Feb 20, 08 6:58 PM CST
(Newser) - The Federal Reserve issued a bleak assessment of the economy today, predicting weak growth and rising unemployment this year. Fed officials expect the economy to grow between 1.3% and 2% in 2008, the slowest in five years, the New York Times reports. A separate report today showed consumer prices... More »

MORE ABOUT:
inflation • Ben Bernanke • Federal Reserve • recession • unemployment • US economy • interest rate

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