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Venezuela President Boosts Minimum Wage As Inflation Soars

Venezuela’s president says he is again raising the minimum wage, though it still will be below the equivalent of $2 a month as inflation soars in the...

Fed Chair Signals Gradual Rate Hikes In Tame Inflation Era

Federal Reserve Chairman Jerome Powell says the Fed will likely keep raising short-term interest rates at a gradual pace, partly because there are few signs, so far,...

Us Retail Sales Boom In May But Inflation Is Lurking

U.S. retail sales rose by the most in six months in May, a sign that confident consumers are leading a strong economic rebound after a slow start to the year. Yet with...

The Latest Ecb Lifts Inflation Forecast As It Ends Stimulus

The Latest on the European Central Bank’s monetary policy meeting (all times local): 3:50 p.m. The European Central Bank has trimmed its forecast for economic...

What Is Inflation, How Is It Measured And What Effect Does It Have On Prices And The Economy?

ECONOMICS can be a baffling science, and sometimes one where even the “experts” don’t seem to know what they’re on about. Most recently in economic news it was...

Rising Gasoline Costs Pushed Up Consumer Prices 02 Percent In May Annual Inflation Highest In 6 Years

Rising gasoline costs pushed up consumer prices 0.2 percent in May; annual inflation highest in 6 years.

Egypts Inflation Spikes In May Ahead Of Likely Price Hikes

Egypt’s official statistics agency says the inflation rate has increased to 13.2 percent in May, ahead of a possible new round of price hikes as part of austerity...

Turkish Central Bank Lifts Rates Again To Fight Inflation

Turkey’s central bank increased its key interest rate Thursday for the third time in under two months to fight inflation and support the currency, suggesting...

Us House Prices To Rise At Twice The Speed Of Inflation And Pay Reuters Poll

– An acute shortage of affordable homes in the United States will continue over the coming year, according to a majority of property market analysts polled by...

Us Services Sector Activity Picks Up Job Openings At Record High

WASHINGTON – U.S. services sector activity accelerated in May, pointing to robust economic growth in the second quarter, but trade tariffs and a shortage of...