UK inflation slows down in August
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Consumer price inflation fell to 1.3% in August, official figures show, as interest rate rises begin to make their mark on the economy.
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Sterling remained weak after this morning's survey by the Royal Institute of Chartered Surveyors showed house prices slipped in August as higher interest rates take their toll.
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Monthly reports from factory purchasing managers reveal a slower than expected growth rate in August.
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Producer prices fell by a much larger-than-expected 1.4 percent in August as energy prices slumped, government data showed on Tuesday, but a key measure of core inflation at the producer level rose slightly more than forecast.
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WASHINGTON: New data yesterday showed US inflation in check, with consumer prices up a modest 0.1 per cent in August, giving the Federal Reserve room go slow on boosting interest rates.
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Wholesale prices dipped 0.1 percent in August as a retreat in food costs helped to blunt a rise in the price of some energy products, a fresh sign that inflation isn't currently a problem for the economy.
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UK manufacturing output suffered a surprise fall in August, prompting concerns over that the sector's recovery may be on the wane.
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Slipping energy prices helped push headline eurozone inflation down to 2.4% in August, official data shows.
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New data showed US inflation in check, with consumer prices up a modest 0.1 percent in August, giving the Federal Reserve room go slow on boosting interest rates.
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House prices in England and Wales fell slightly in August, according to figures from property research company Hometrack, offering another sign the market may be cooling in the face of higher interest rates.
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Inflation rose to 2.5% in August, the latest figures from the Office for National Statistics show.
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Consumer prices posted a rare decline in August while the battered housing industry saw construction fall to the slowest pace in 12 years.
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WASHINGTON -- Consumer prices in August fell for the first time in 10 months, as another big drop in energy costs offset higher food prices.
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The UK's rampant house price inflation is likely to slow down dramatically in the next year or two, a report says.
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UK house prices grew by 0.1% in August, the slowest monthly increase for almost three years, the Nationwide building society says.
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Consumer prices barely budged in August, suggesting that inflation isn't currently a problem for the economy and Federal Reserve policy-makers can stick with a gradual approach to raising interest rates.
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WASHINGTON - Wholesale prices dipped 0.1 percent in August as a retreat in food costs helped to blunt a rise in the price of some energy products, a fresh sign that inflation isn't currently a problem for the economy. The decline in the Producer Price Index, which measures costs of goods before they reach store shelves, came after wholesale costs edged up by 0.1 percent in July, the Labor Department reported Friday...