Inflation picking up steam
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Consumer prices in October posted their biggest increase in five months, pinching pocketbooks at the gas pump and at the grocery store.
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U.S. inflation remains well  contained but the Federal Reserve is on high alert for signs of  any pick-up in prices, top policy-makers said on Wednesday.
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US inflation rose more quickly than expected in May, as higher petrol costs hit consumer prices.
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The latest report showed that inflation was following an arc that must give some relief to the Federal Reserve.
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Wholesale prices climbed by 0.5 percent in November  --  an improvement compared with the previous month's surge, but still fresh evidence that inflation is picking up as the economy gains momentum.
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Inflation on our meals is steeper than you may realize.
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A leap in gasoline prices pushed the overall rate of inflation higher last month, but consumer prices nationwide generally appear to be increasing at a consistently slower rate.
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Chinese consumer inflation rose in February on the back of higher food costs, but economists said they did not expect price pressures to get out of hand despite breakneck growth and plentiful cash in the banking system.
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U.S. stock futures jumped on Friday   after a key inflation report showed U.S. consumer prices rose   in line with expectations in August, relieving concerns about   inflation.
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UK interest rates are expected to go up  later this week as the Bank of England moves to combat inflation.
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Chinese inflation rose in February on the back of higher food costs, but economists said they did not expect price pressures to get out of hand despite breakneck growth and plentiful cash in the banking system.
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Falling energy costs pulled down  U.S. consumer prices last month, but core inflation inched up  and housing starts surged, according to data on Wednesday that  bolstered expectations for a steady diet of interest-rate  rises.
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Rising petrol prices were the main driving force behind a rise in UK inflation, official figures show. The Office for National Statistics (ONS) said increasing fuel costs had seen the consumer price index (CPI) rise 0.1% to 1.2% in October.
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Inflation at the consumer level rose by a larger-than-expected amount last month as falling energy prices only partially offset big increases in the cost of medical care, food, and airline tickets.
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A 2p increase in the average cost of petrol, as a result of surging crude oil prices, helped push UK inflation higher in October.
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Rising household utility bills helped to push the UK inflation rate higher in December, official figures show.
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Twelve-month inflation rose to 2.5 percent in August from 2.4 percent the previous month, official data has shown.