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Inflation

Inflation
China CPI rises 0.2% in October; food prices fall
China’s Consumer Price Index (CPI) was 0.2% in October despite a drop in food prices, its first positive growth since June. Consumer goods prices dropped by 0.2% year-over-year while service prices were up 0.8%, according to China’s National Bureau of Statistics. This is the country’s strongest CPI increase since January, with Reuters analysts having projected it would remain flat. “In October, policies aimed at expanding domestic demand continued to take effect, coupled with the boost from the National Day and Mid-Autumn Festival holidays,” said National Bureau of Statistics chief urban statistician Dong Lijuan. Urban prices were up 0.3% in October, with rural prices down 0.2%. Food prices declined by 2.9%, and non-food prices increased by 0.9%. The price of eggs fell by 11.6% and the price of livestock and meat dropped by 7.4%, negatively impacting the CPI by 0.08 and 0.23 percentage points. Fresh fruit, vegetable, and grain prices were down 2.0%, 7.3%, and 0.7%. Clothing prices increased by 1.7% year-over-year. Housing prices were up 0.1%, and transportation and communication prices decreased 1.5%. China’s CPI was also up 0.2% month-over-month, with urban prices growing by 0.2% and rural prices rising 0.1%.
Inflation
Electricity costs power Australian inflation increase
Australia’s inflation rate rose 1.3% in the September 2025 quarter and 3.2% annually, according to the Australian Bureau of Statistics (ABS). ABS Head of Prices Statistics Michelle Marquardt said the increase in the consumer price index (CPI) in the three months ending 30 September was the highest quarterly rise since March 2023. She said the largest contributors to this quarterly movement were electricity costs, which rose by 9% in the quarter and 23.6% year-on-year. The 3.2% increase in annual inflation to the end of September 2025 quarter was up from 2.1% in the year to the end of June 2025 quarter. “This is the highest annual inflation rate since the June 2024 quarter when annual inflation was 3.8%,” Marquardt said in a media release. Annual trimmed mean inflation, the underlying rate which strips out large movements in items like food, was 3.0% in the latest three month period, up from 2.7% to the end of the June quarter and the first increase since December 2022. This result was higher than market expectations of 2.8% year-on-year, which is expected to reduce the chances the Reserve Bank of Australia (RBA) lowers the official cash interest rate when it next meets in November. The ABS said the main contri
Inflation
US CPI hits 3% ahead of Fed meeting
The United States’ Consumer Price Index (CPI) came in at 3% in September, slightly lower than expected ahead of the Federal Reserve’s next interest rate decision this week. The monthly inflation rate was 0.3%, according to the U.S. Bureau of Labor Statistics (BLS). Dow Jones estimates had included an annual inflation rate of 3.1% and a monthly reading of 0.4%. “The index for gasoline rose 4.1% in September and was the largest factor in the all items monthly increase, as the index for energy rose 1.5% over the month. The food index increased 0.2% over the month as the food at home index rose 0.3% and the food away from home index increased 0.1%,” the BLS wrote. “The index for all items less food and energy rose 0.2% in September, after rising 0.3% in each of the 2 preceding months.” The CPI had increased by 0.4% in August. Annual inflation rates excluding food and energy were also 3.0% in September. The total annual inflation rate had been 2.9% in August, and excluding food and energy was 3.1%. The CPI for commodities, excluding food and energy, fell from 0.3% in August to 0.2% in September. Annual commodity inflation rates were 1.5%. For services excluding energy, the CPI also dropped from 0.3% in August to
Inflation
Americans worry about finances as inflation fears rise
According to a New York Federal Reserve survey released yesterday, American consumers are increasingly concerned about their household financial situation amid growing speculation that inflation is again on the rise. The central bank’s monthly Survey of Consumer Expectations found that consumers expect inflation to be higher in the year ahead, and fewer expect their households’ financial situations to be better off a year from now. The Fed’s Survey of Consumer Expectations found that median inflation expectations increased at the one-year-ahead horizon to 3.4% from 3.2% and at the five-year-ahead horizon to 3.0% from 2.9%. Meanwhile, the mean perceived probability of losing one’s job in the next twelve months increased by 0.4 ppt to 14.9%, above the trailing twelve-month average of 14.1%. Surprisingly, while many Americans have expressed concerns over rising prices and the effect of President Donald Trump’s tariff policies, most have yet to change their spending habits. Up until now, many experts believe this consumer resolve to maintain living standards is what has helped the United States avoid a significant economic slowdown. Meanwhile, high food costs in particular are making it hard for American consumers
Inflation
Australian CPI rises to 3%, core inflation eases
Australia’s annual inflation rate climbed to 3% in August, the highest in a year, though easing core pressures may allow the Reserve Bank of Australia (RBA) room for further near-term rate cuts. Data released by the Australian Bureau of Statistics (ABS) on Wednesday showed the monthly consumer price index rose from 2.8% in July, slightly above market expectations of 2.9%. “The 3.0 per cent annual CPI inflation to August was up from 2.8 per cent to July, making this the highest annual inflation rate since July 2024,” said Michelle Marquardt, ABS head of prices statistics. On a monthly basis, inflation was flat, as electricity prices dropped 6.3% following new government rebates in New South Wales and the ACT, while holiday travel and accommodation slid 3.5%. Ms Marquardt noted that the rebate programmes played a significant role in shaping energy costs: “The annual rise in electricity costs is primarily related to households in Queensland, Western Australia and Tasmania having higher out-of-pocket costs in August 2025 than they did in August 2024. "In August last year, State Government electricity rebates were in place for Queensland ($1000), Western Australia ($400) and Tasmania ($250). Over the year, those rebates

Inflation
US producer inflation drops 0.1% in August
United States producer prices dropped by 0.1% in August, their first decline since April, in a sign of weakening demand. This was below Dow Jones estimates of a 0.3% increase. Excluding food, energy, and trade services, the Producer Price Index rose by 0.3%, according to the Bureau of Labor Statistics (BLS). The August decline “is attributable to a 0.2% decline in prices for final demand services,” said the BLS. Final demand goods and services are used in the U.S. without further processing. “Three quarters of the August decrease in prices for final demand services can be attributed to a 3.9% decline in margins for machinery and vehicle wholesaling.” Producer goods prices rose by 0.1% last month, or by 0.3% excluding food and energy. U.S.-produced energy prices were down 0.4%. In the 12 months to August, the Producer Price Index excluding food, energy, and trade services was up 2.8%. This is the largest yearly increase in 17 months. Wholesale prices rose by 0.7% in July and 0.1% in June, the BLS said. The Consumer Price Index is also due this week. In July, the Consumer Price Index was up 0.2% monthly and 2.7% for the previous 12 months. The Federal Reserve will meet on 16-17 September to consider a rate cu
Inflation
ABS: National monthly inflation rises to 2.8% in July
Australia’s inflation surged in July, with consumer prices rising 2.8% annually, marking the fastest pace since July 2024, according to the latest monthly figures from the Australian Bureau of Statistics (ABS). The increase followed June’s 1.9% rise and exceeded economists’ expectations of 2.3%. "This is the highest annual inflation rate since July 2024, following several months of easing inflation," ABS head of prices statistics Michelle Marquardt said. Underlying pressures also strengthened, with the annual trimmed mean — a measure of core inflation — climbing to 2.7% in July from 2.1% the previous month. The Reserve Bank of Australia (RBA), in the minutes of its August meeting released on Wednesday, said headline inflation was expected to rise further over the second half of 2025 before easing back to the middle of its 2–3% target band. The central bank currently forecasts inflation to hit 3% in December.Housing, food and tobacco lead gainsHousing costs, including electricity, rose 3.6% over the year and were the biggest contributor to July’s consumer price index (CPI). Food and non-alcoholic beverages increased 3%, while alcohol and tobacco surged 6.5%. Fruit and vegetable prices climbed 4.8%, driven by highe
Inflation
ABS: National CPI hits 4yr low of 2.1% in June quarter
Australia's annual inflation rate has eased to its lowest level in over four years, with the Consumer Price Index (CPI) rising 0.7% in the June 2025 quarter and 2.1% annually, according to the Australian Bureau of Statistics (ABS). Michelle Marquardt, ABS head of prices statistics, said: “The CPI rose 0.7% in the June quarter, lower than the 0.9% rise in the March 2025 quarter. “Annual inflation to the June 2025 quarter of 2.1% was down from 2.4% to the March quarter. This is the lowest annual inflation rate since the March 2021 quarter.” Markets had expected a 0.8% quarterly increase and a 2.2% annual rise. To better capture underlying price trends, the ABS also monitors trimmed mean inflation, which excludes extreme price movements. “Trimmed mean annual inflation was 2.7% to the June quarter, down from 2.9% to the March quarter. Trimmed mean annual inflation remains higher than CPI inflation of 2.1%,” Ms Marquardt said.Quarterly CPI DriversKey contributors to quarterly inflation included Housing, up 1.2%, Food and non-alcoholic beverages which added 1.0%, and Health, lifting 1.5%. A notable offset was the decline in Transport costs, down 0.7%. Within Housing, electricity prices surged 8.1%, as households in Per
Inflation
US CPI at 2.7%; Trump renews Fed rate cut demands
United States inflation edged higher in June, with consumer prices rising in line with expectations but prompting renewed political pressure on the Federal Reserve to lower interest rates. President Donald Trump cited the latest inflation data as evidence that the central bank should act aggressively to ease monetary policy. The consumer price index (CPI), a broad measure of goods and services costs, increased 0.3% over the month, lifting the annual inflation rate to 2.7%, according to the Bureau of Labour Statistics (BLS). The figure matched market expectations and marked the highest annual rate since February, remaining above the Federal Reserve’s 2% target. Core inflation, which excludes food and energy, rose by 0.2% over the month. Year-on-year, it came in at 2.9%, also in line with expectations. However, the monthly increase was slightly below the anticipated 0.3% gain, suggesting modest underlying inflationary pressure. Prior to June, inflation had been steadily moderating. The headline CPI stood at 3% annually in January, and had been declining each month, despite persistent concerns that Trump’s escalating trade tariffs would stoke consumer prices. June’s data offered a more nuanced picture. While some ta