Consumer prices in the US rose by more than expected last month, driven by higher costs for rent and fuel. The inflation rate, which measures the pace of price rises, was 3.7% over the 12 months to August, the Labor … Read more →
Prices continued to rise in the US last month, despite a sharp increase in interest rates to stamp out inflation. The rate of inflation was 3.2% over the year to July, driven by higher housing, car insurance and food costs, … Read more →
Last year, businesses around the world started raising prices at a pace not seen in decades. Among major economies, one country was hit the worst – the United States. Prices jumped at an annual rate of 4.7% last year – … Read more →