Inflation slows to 2.5 percent in May
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Inflation has slowed to 2.5 percent in May from the April figure, as lower domestic energy prices sparked the second successive monthly drop, official data showed Tuesday.
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The Federal Reserve's favored gauge of   U.S. inflation rose less than expected in July, while a measure   of Midwest business activity showed slower growth in August,   according to reports on Thursday that suggested the U.S.   central bank does not need to raise interest rates soon.
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The personal consumption expenditures price index, excluding food and energy, advanced by 1.9 percent in May from a year earlier, according to a government report on Friday that is likely to give the Federal Reserve some assurance it is making progress in its effort to curb inflation.
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ASHINGTON, Aug. 17 - Consumer prices declined slightly in July, pulled down by an incongruous drop in gasoline prices and by lower prices in other less volatile areas, suggesting that inflation may be slowing, the government reported ...
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The pound shrugged off government figures showing house prices rose at a slower pace in May and marched up to a 26-year high of 2.0402 dollars.
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While inflation was moderate last month, it still pushed the limits of the central bank's comfort zone.
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Business & money: House price inflation eased last month to its slowest pace in a year.
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A closely watched gauge of consumer inflation fell in May to its slowest annual pace in three years, while Midwest business activity kept expanding in June at a healthy clip, reports on Friday showed.
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Consumer prices calmed in November, helped by smaller hikes in energy and food. That means the Federal Reserve probably will continue raising interest rates only gradually to keep inflation under control.
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The Federal Reserve kept the benchmark US interest rate at 5.25 percent, declaring that inflation is slowing modestly, even as the economy picks up speed.
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Over all, the economy expanded by 2.2 percent in inflation-adjusted terms for all of 2007, the slowest rate of growth in five years.
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Inflation in May outside of food and energy posted its slowest annual gain in three years, suggesting the Federal Reserve is making progress in fighting inflation.
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A widely watched gauge of economic activity slipped by 0.6 percent in May, the Conference Board said Thursday, suggesting that the nation&#039;s economy could weaken in coming months.
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The Labor Department reported Friday inflation at the retail level as measured by the consumer price index grew 0.2 percent in November as prices of gasoline and some types of food dropped.
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Inflation in the fast-growing Indian economy drops to a five-year low at the beginning of October, official figures show.
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The euro zone&#39;s annual inflation rate eased unexpectedly to 2.3 percent in July from 2.4 percent in June, with lower prices for clothing during summer sales offsetting surging oil prices, the European Union&#39;s statistics agency reported Wednesday.
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OTTAWA (CP) - Despite a rise in the price of gasoline last month, the annual inflation rate dipped slightly to 2.3 per cent. However, the core rate of inflation rose a bit more than analysts had expected, fuelling