Retail Inflation Rises to 3.21% in February as Food Prices Climb - The Times of India

Target cuts prices on 3,000 items ‘across apparel, essentials and home,’ as inflation remains above Fed target

With the U.S. being above the Federal Reserve’s 2% target for 5 years in a row, major retailers across the nation have taken a drastic approach amid increased competitive pressure.

Retail inflation rises to 3.21% in February as food prices climb - The Times of India

India's retail inflation climbed to 3.21% in February, primarily driven by a surge in food prices. While this rise is within the RBI's target, specific items like gold and silver saw price acceleration. Core inflation remained steady, suggesting underlying price trends are moderate. Experts anticipate potential upside risks from oil prices but view them as temporary.

US consumer inflation unchanged at 2.4% year-on-year in February

Consumer inflation in the United States remained stable at 2.4 percent in February, in line with market expectations, government data showed Wednesday, as affordability concerns persist in the world's largest economy. The consumer price index (CPI) rose 2.4 percent year-on-year, the same increase as reported a month prior. The price index rose 0.3 percent month-on-month, also in line with market expectations. Price increases were reported in med…

US inflation stayed flat at 2.4% in February before effects of war on Iran kicked in

Effect of war on prices not reflected in data, as Trump says only ‘fools’ would think oil price shocks would be significantSign up for the Breaking News US email to get newsletter alerts in your inboxUS inflation stayed flat at 2.4% in February, according to government data released Wednesday that provides a snapshot of the US economy before it was thrown into a tailspin by the US-Israel conflict with Iran.The levelling comes after prices swung …

Consumer prices rose 2.4% annually in February, as expected

The consumer price index in February was expected to show a 2.4% increase from a year ago, according to the Dow Jones consensus.

Will interest rates rise after surge in oil prices over Iran-US war?

Inflation concerns could see the BoE pause their recent rate cuts - or head the other direction