UK inflation rises by more than expected
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Canada, UK inflation
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Incomes are still trailing inflation four years after the pandemic-era surge in prices, causing a financial pinch for many households.
The Bureau of Labor Statistics reported the producer price index jumped more than expected in July, spurring renewed concerns about inflation's economic impact.
Consumer prices were up 2.7% in July from a year earlier, unchanged from June’s gain
The stock markets were unanimously pleased with the latest CPI inflation print. Check out my key takeaways from the latest CPI inflation report.
Statistics Canada will issue the Consumer Price Index (CPI) for July on Tuesday. This will attract the market's attention since it will provide the Bank of Canada (BoC) with fresh information on how inflation is changing, which they use to set interest rates.
Here's what new data from the producer price index says about where inflation is headed, according to economists.
President Trump's tariffs continue to affect global markets and the economy. Follow for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.