Government Report Eases Inflation Fears
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The revised report helped to ease concerns that inflation has been running too high, but it also showed that workers earned far less than first estimated.
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British 12-month inflation eased to 2.4 percent in July, official data has shown, but was widely expected to rise further above the Bank of England's 2.0-percent target in the coming months.
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Overall U.S. consumer prices and   costs excluding food and energy both rose 0.2 percent in   August, right in line with market expectations, according to a   Labor Department report on Friday that may help reassure the   Federal Reserve that inflation pressures are continuing to   ease.
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Bush administration officials on Friday sought to ease fears the U.S. was tipping into recession after a government report showed the economy shed jobs for the first time in four years last month.
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Concerns about inflation trumped worries about the slumping housing market last month by Federal Reserve officials who voted to hold interest rates steady.
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U.S. consumer prices and core  consumer prices were unexpectedly flat in November as energy  and transportation costs fell, according to a government report  on Friday that eased inflation worries.
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holding off inflation worries for another month - though economists warned higher prices may be on the way. Prices paid by businesses fell
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House price inflation is now easing off, according to the latest monthly survey from the Halifax.
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Labor costs have risen more robustly   this year than first thought, a government report showed on   Wednesday, raising concerns the Federal Reserve may need to   resume hiking interest rates to contain inflation.
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A drop in consumer prices and a decline in crude oil futures Tuesday allowed investors to put aside worries about inflation, at least for the short term, and they sent stocks modestly higher.
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U.S. consumer prices held steady in November, confounding expectations of a small rise, as energy and vehicle costs dropped, according to a government report on Friday that eased inflation worries.
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Economic data released Wednesday supports decision to cut interest rates.
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There are some signs of cyclical  overheating in India&#39;s economy, but the recent rise in the  rupee has dampened inflation, a government economic adviser  said on Wednesday.
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A rebound of core producer prices in June despite a temporary reduction of energy costs according to a Labor Department report on Tuesday reinforced investors expectations for the Federal Reserve to hold interest rates unchanged to guard against inflation.
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U.S. Treasury debt prices firmed on  Tuesday after a key reading of U.S. inflation proved softer  than expected, a relief to investors in fixed-income debt.
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US Federal Reserve members saw evidence earlier this month that economic conditions were strengthening while inflation risks remained to the &quot;upside,&quot; according to minutes released Wednesday.
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Recent action by the Federal Reserve is likely to calm troubled  U.S. markets, but inflation remains a worry, a top U.S. central bank official said on Friday.