Inflation - Azzet - Business news, investments companies & executives

Sign inJoin Now

Inflation

Inflation
US producer price index rises; still below expectations
Producer prices rose in March but still came in significantly below expectations, despite the war in Iran, which has rekindled inflation fears. The Producer Price Index (PPI) demand increased 0.5% in March, which was well below the Dow Jones consensus estimate for 1.1%, according to a Bureau of Labor Statistics (BLS) report. When excluding food and energy, core PPI grew just 0.1%, falling short of the 0.5% forecast. The services side of inflation, a key focus for Federal Reserve policymakers, was flat on a month-over-month basis. Final demand rose 4% for the 12 months ended in March, which is the largest 12-month advance since the 4.7% increase in February 2023. Year-over-year, prices for final demand excluding foods, energy and trade services rose 3.6%, the largest 12-month growth since moving up 3.6% in November 2025. The increase on the producer end of prices was less than the 0.9% gain in prices consumers actually paid for the month. Core consumer prices also were soft, rising just 0.2%. Some of these components will feed directly into the Federal Reserve’s preferred inflation gauge and the personal consumption expenditures index. When combining the consumer and producer price indexes and how they feed
Inflation
US consumer price index soars in March
United States inflation soared in March amid the war in Iran and sent the Federal Reserve further from its inflation target. According to the Bureau of Labor Statistics (BLS), the consumer price index rose 0.9% for the month and climbed 3.3% year-over year. This was pushed by a 10.9% surge in energy costs. Energy prices have been heavily impacted by the effective closure of the Strait of Hormuz, where around 20% of the world's oil travels through due to the war in Iran. The Iran conflict was the story for the monthly inflation reading, as gasoline soared 21.2%, accounting for nearly three-quarters of the headline price increase, according to the BLS. The war and tariffs also saw airline fares and apparel jump 2.7% and 1% respectivelt for the month. Following a ceasefire between the U.S and Iran, energy prices have moderated in April. The annual rate was its highest since April 2024 and up from 2.4% in February. However, when excluding food and energy, core prices rose by just 0.2% and 2.6% from the same time last year, both 0.1 percentage points below the forecast. Markets have been pricing little chance of a rate cut through the rest of 2026, but Fed officials indicated a tilt toward a quarter percentag
Inflation
Australian inflation falls to 3.7% in February
Australia’s consumer price index (CPI) rose 3.7% in the 12 months to February 2026, according to the latest data from the Australian Bureau of Statistics (ABS). “The 3.7% annual CPI inflation to February eased slightly from the 3.8% annual CPI inflation to January,” ABS Head of Prices Statistics Sue-Ellen Luke said in a media release. The largest contributor to annual inflation in February was housing, which rose by 7.2%, followed by a 3.1% rise in food and non-alcoholic beverages and a 4.1% rise in recreation and culture. The February rate was also below the consensus forecast of 3.9%. The ABS said trimmed mean inflation was 3.3%, unchanged from 3.3% in the 12 months to January 2026. Trimmed mean, or underlying, inflation is more closely watched than the headline rate by the Reserve Bank of Australia (RBA) as it considers monetary policy. Electricity costs rose 37% in the 12 months to February, up from 32.2% to January, mainly because households used up the extended Commonwealth Energy Bill Relief Fund (EBRF) and state government rebates. Excluding this, electricity prices rose 4.9%, reflecting annual price reviews by energy retailers in July 2025. Food and non-alcoholic beverages rose 3.1%, transport cost
Inflation
US wholesale prices surge more than forecast in Feb
United States wholesale prices rose far more than expected in February due to a large increase in service prices, with prices for vegetables and gasoline products also climbing. The producer price index increased 0.7% during February and 3.4% annually, the Bureau of Labor Statistics (BLS) said. Dow Jones-polled economists had projected an 0.3% increase. The spike was largely due to rising prices for wholesale services. “More than half of the February rise in prices for final demand can be attributed to a 0.5-percent advance in the index for final demand services,” according to the BLS. Among services, trade prices grew 0.4% in February, while transportation and warehousing increased 0.5%. The report follows the February Supreme Court ruling that many of President Donald Trump’s tariffs were unlawful, though the administration has now imposed blanket 15% tariffs under a different statute. Prices for wholesale goods were up 1.1%, or 0.3% excluding food and energy. “Over 20 percent of the February rise in the index for final demand goods is attributable to a 48.9-percent jump in prices for fresh and dry vegetables,” per the BLS. The price of wholesale diesel and gasoline also increased, the agency said. February’s r
Inflation
US inflation holds at 2.4% ahead of oil shock
United States consumer prices rose in line with expectations in February, offering a final snapshot of inflation trends before a sharp rise in oil prices tied to the escalating conflict with Iran threatens to cloud the outlook for the months ahead. The consumer price index (CPI) increased 0.3% on a seasonally adjusted basis in February, following a 0.2% gain in January, according to data released by the U.S. Bureau of Labor Statistics. Over the past 12 months, the headline CPI rose 2.4%, matching market forecasts. Core inflation, which excludes the more volatile food and energy categories, also came in as expected, rising 0.2% on the month and increasing 2.5% from a year earlier. The annual readings were unchanged from January, suggesting that inflation remains above the U.S. Federal Reserve’s 2% target but is not accelerating. Shelter costs, the largest component in the CPI basket, rose 0.2% in February, bringing the annual increase to 3%. Within the category, rents climbed just 0.1% during the month, marking the smallest monthly increase since January 2021. Elsewhere, apparel prices increased sharply, rising 1.3% in February, marking the largest monthly jump since September 2018 and highlighting the category

Inflation
Eurozone inflation rises unexpectedly ahead of energy risk
Inflation in the Eurozone rose unexpectedly during February, just before a fast-moving war in the Middle East threatens to reignite a new energy shock for Europe. According to the European Commission, euro area annual inflation is expected to be 1.9% in February 2026, up from 1.7% in January. Economists had expected the rate to hold steady. On a monthly basis, consumer prices rose 0.7%, the strongest since March 2024. Core inflation, which excludes energy and food, climbed to 2.4% from 2.2%, also above expectations. Energy inflation was -3.2%, compared to -4.0% in January. This data was gathered before the latest escalations in the Middle East, which are poised to disrupt energy markets. The European Central Bank chief economist, Philip Lane, warned that a prolonged war could push up eurozone inflation and weigh on growth, while stressing that the medium-term outcome will depend on the conflict’s scope and duration. This comes as a senior commander of the Iranian Revolutionary Guard Corps announced to block shipping through the Strait of Hormuz, where 20% of global crude oil and natural gas is shipped.
Inflation
RBA uncertain about inflation outlook, conflict effect
The Reserve Bank of Australia (RBA) was unsure if inflation would return to its target in a reasonable period of time, and that it was too early to assess the economic impact of the rising Middle East conflict, Governor Michele Bullock said on Tuesday. Bullock said a large part of the unexpected increase in the consumer price index (CPI) since the middle of last year was due to sector-specific demand and price pressures that it expected to ease in the coming quarters. But economy-wide capacity pressures in the economy were also playing a role and, overall, it thought underlying demand in the economy was further from its supply potential than the central bank had assessed six months ago. “A range of indicators tell us that labour market conditions are tight. And it is uncertain whether financial conditions are sufficiently restrictive to return inflation to the midpoint of the target in a reasonable timeframe,” she said in a speech to the Australian Financial Review Business Summit. Bullock said the RBA Board judged that the inflation outlook warranted the 25 basis point lift in the official cash rate to 3.85% in February. “The staff’s view is that the data we’ve seen since then broadly support their assessment of th
Inflation
US producer prices rise more than expected in January
United States producer prices rose more than expected in January as tariffs weighed on services prices. The producer price index (PPI) increased 0.5% during the month, per the U.S. Bureau of Labor Statistics (BLS). This is above both Dow Jones estimates of 0.3% and the 0.4% growth seen in December. “The January increase in prices for final demand can be traced to a 0.8-percent advance in the index for final demand services. In contrast, prices for final demand goods declined 0.3 percent,” wrote the BLS. The core PPI was up 0.8%, also passing estimates of 0.3% and December’s figure of 0.6%. Across the year, the headline PPI rose 2.9% and the core index grew 3.6%. The increase in services prices was boosted by a 2.5% surge in trade services. Transportation and warehousing services also rose 1%. Among goods, foods prices were down 1.5%, while energy prices dropped 2.7%. “The problem last month appeared to be tariff-related," according to Capital Economics chief North America economist Paul Ashworth. "If we exclude trade and transportation, other core services prices were unchanged.” The U.S. Supreme Court ruled in February that the blanket tariffs imposed under the International Economic Emergency Powers Act were
Inflation
Australian inflation steady at 3.8% in January
Australia’s consumer price index (CPI) rose 3.8% in the 12 months to January 2026, according to the latest data from the Australian Bureau of Statistics (ABS). “The 3.8% annual CPI inflation to January was unchanged from December,” Head of Prices Statistics Michelle Marquardt said in a media release. However trimmed mean, or underlying, inflation rose to 3.4% in January from 3.3% in the 12 months to December 2025. Economists were forecasting a fall in the headline rate to 3.7% and no change in the underlying rate of 3.3%. The data, and particularly the trimmed mean rate, is closely watched by the Reserve Bank of Australia as it sets official interest rates, which were raised by 25 basis points to 3.85% earlier this month. The largest contributor to annual inflation in January was housing, which rose 6.8%, followed by food and non-alcoholic beverages, up 3.1%, and recreation and culture, up 3.7%. Electricity costs rose 32.2% in the 12 months to January, up from 21.5% to December, mostly because households used up the extended Commonwealth Energy Bill Relief Fund (EBRF) and various State Government rebates. Excluding the impact of rebates, electricity prices rose 4.5%, partly due to annual price reviews by energ