Inflation

A butcher pushes beef ribs to sell at Las Pulgas market in Maracaibo, Venezuela, Sunday, Aug. 19, 2018. Venezuelans are bracing for a 3,000 percent hike in the minimum wage on Monday, leaving one butcher contemplating firing some of his six employees just to stay in business, and the introduction of a new currency that lops five zeros off the country’s fast-depreciating bills. (AP Photo/Fernando Llano)
August 20, 2018 - 11:38 am
CARACAS, Venezuela (AP) — Venezuela on Monday began to launch dramatic reforms announced by President Nicolas Maduro to rescue a downward-spiraling economy, including a new currency and a more-than-3,000 percent hike in the minimum wage. The changes start with the introduction of a currency that...
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Turkey's President Recep Tayyip Erdogan addresses supporters at his Black Sea hometown, Guneysu, Turkey, early Friday, Aug. 10, 2018. Turkey's Finance and Treasury Minister Berat Albayrak will reveal a " new economic model " as the Turkish Lira has lost more than 30 percent of its value since the start of the year.(Presidential Press Service via AP, Pool)
August 10, 2018 - 6:34 pm
ANKARA, Turkey (AP) — A financial shockwave ripped through Turkey on Friday, when its currency nosedived on concerns about its economic policies and a dispute with the U.S., which President Donald Trump stoked further with a promise to double tariffs on the NATO ally. The lira tumbled 14 percent in...
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FILE- In this May 30, 2018, file photo, a shopper walks through the updated cosmetic department at a Target store in San Antonio. On Friday, Aug. 10, the Labor Department reports on U.S. consumer prices for July. (AP Photo/Eric Gay, File)
August 10, 2018 - 8:35 am
WASHINGTON (AP) — Consumer prices climbed 2.9 percent in July from a year earlier, a rate of inflation that suggests Americans are earning less than a year ago despite an otherwise solid economy. The Labor Department said Friday that the consumer price index ticked up 0.2 percent in July. Annual...
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FILE- In this July 24, 2018, file photo farmer Tim Novotny, of Wahoo, shreds male corn plants in a field of seed corn, in Wahoo, Neb. On Thursday, Aug. 9, 2018, the Labor Department reports on U.S. producer price inflation in July. (AP Photo/Nati Harnik, File)
August 09, 2018 - 10:10 am
WASHINGTON (AP) — U.S. wholesale prices were unchanged in July after two months of large increases, a sign inflation pressures may have softened. The Labor Department said Thursday that the producer price index — which measures price changes before they reach the consumer — increased 3.3 percent...
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FILE - In this July 20, 2017 file photo, devalued Bolivar bank notes and coins, taped together, serve as makeshift rope at a roadblock set up by anti-government protesters in Caracas, Venezuela. The Venezuelan government presented to the Constitutional Assembly on Thursday, August 2, 2018, a decree that would make all operations at foreign exchange houses legal again. (AP Photo/Ariana Cubillos, File)
August 02, 2018 - 6:43 pm
CARACAS, Venezuela (AP) — Venezuela's socialist government on Thursday relaxed strict controls that for years have limited currency exchanges, choking an economy that's in a historic freefall. The ruling party's National Constitutional Assembly voted to legalize certain transactions in currency...
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Bank of England Governor, Mark Carney, speaks during a media conference to present the central bank's quarterly Inflation Report, in London, Thursday Aug. 2, 2018. The Bank of England raised its main interest rate for only the second time since the 2008 financial crisis, from 0.50 percent to 0.75 percent, as it weighed conflicting signs about the economy and growing concerns about Brexit.(Daniel Leal-Olivas/Pool via AP)
August 02, 2018 - 11:06 am
LONDON (AP) — The Bank of England raised its main interest rate Thursday for only the second time since the 2008 financial crisis as it weighed conflicting signs about the economy and growing concerns about Brexit. The bank's nine-member Monetary Policy Committee voted unanimously to raise the rate...
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A screen on the floor of the New York Stock Exchange shows the rate decision of the Federal Reserve, Wednesday, Aug. 1, 2018. The Federal Reserve is leaving its benchmark interest rate unchanged while signaling further gradual rate hikes in the months ahead as long as the economy stays healthy. (AP Photo/Richard Drew)
August 01, 2018 - 4:05 pm
WASHINGTON (AP) — The Federal Reserve on Wednesday left its benchmark interest rate unchanged while signaling further gradual rate hikes in the months ahead as long as the economy stays healthy. The Fed's widely expected decision kept the central bank's key short-term rate at 1.75 percent to 2...
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FILE - In this March 17, 2011, file photo, cans of Coca-Cola and Diet Coke sit in a cooler at a deli in Portland, Ore. Items ranging from canned beverages to airline tickets will likely get more expensive, companies warn, as they face higher costs. Procter & Gamble, one of the biggest makers of consumer products, said Tuesday, July 31, 2018, that Pampers prices will increase by an average of 4 percent in North America, while the Bounty, Charmin and Puffs brands could see 5 percent increases. (AP Photo, File)
August 01, 2018 - 3:12 am
The price of a can of Coca-Cola? Likely going up. A package of Pampers? That too. Plane tickets? They also may be more expensive. These items and more may cost more in the coming months as people start feeling the effects of higher fuel prices and raw-material costs as well as a range of tariffs...
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FILE - This Wednesday, Aug. 2, 2017, file photo shows the Federal Reserve Building on Constitution Avenue in Washington. The Federal Reserve is likely to point to strong growth in the economy, low unemployment and rising inflation as reasons to keep on its current path of gradually raising interest rates. The Fed's statement at the end of its two-day meeting will be released Wednesday afternoon, Aug. 1, 2018, in the form of a brief policy statement. (AP Photo/Pablo Martinez Monsivais, File)
August 01, 2018 - 1:17 am
WASHINGTON (AP) — When the Federal Reserve wraps up its latest meeting, it will likely point to strong economic growth, low unemployment and rising inflation as reasons to stay on a path of gradually lifting interest rates. It is unlikely, however, to make any interest rate moves Wednesday. The Fed...
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FILE - In this May 22, 2018, file photo, Treasury Secretary Steve Mnuchin testifies before the Senate Appropriations Financial Services and Government Subcommittee hearing on Capitol Hill in Washington. The Trump administration is studying the idea of implementing a big tax break for wealthy Americans by reducing the taxes levied on capital gains, but no decision has been made yet on whether to proceed. Administration officials said Tuesday, July 31, that Mnuchin prefers deferring to Congress. But he does have his department studying the economic impact of such a change and the legality of proceeding without congressional approval. (AP Photo/Pablo Martinez Monsivais, File)
July 31, 2018 - 2:00 pm
WASHINGTON (AP) — The Trump administration is studying the idea of implementing a big tax break for wealthy Americans by reducing the taxes levied on capital gains, but no decision has been made yet on whether to proceed. Administration officials said Tuesday that Treasury Secretary Steven Mnuchin...
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