The Latest Breaking News from Inflation

A perfect storm of factors is driving up US produce prices, but shoppers can still save

From tomatoes and berries to lettuce and peppers, shoppers are feeling sticker shock in the produce aisle.

The Conversation · Jul 16

Kremlin says Russian economy's difficulties are not critical

The Kremlin states Russian economic difficulties are not critical and remain stable. Corporate sentiment sharply deteriorated in July, reaching its lowest point since mid-2022. Companies' price expectations rose markedly after five consecutive months of decline. Rising inflation expectations point to sharp cost increases amid fuel shortages. Experts warn this situation…

The Economic Times · Jul 16

Cost Inflation Index: How it can help you file your income tax return

The Income Tax Department has announced the Cost Inflation Index for the upcoming tax year. This index, set at 384, will adjust asset acquisition costs for capital gains. It becomes effective from April 1, 2026, impacting future tax calculations.

The Economic Times · Jul 16

US Stock Market: Healthy loan growth and stable credit trends boost outlook for US bank stocks

Major Wall Street banks say the U.S. consumer remains resilient, with strong spending, rising loan balances and stable credit quality backed by a healthy labour market and wage growth. While inflation, higher borrowing costs and geopolitical tensions remain risks, lenders say consumer finances have held up well so far.

The Economic Times · Jul 16

Global Market: European shares edge lower as earnings, M&A activity offset by Middle East tensions

European shares traded slightly lower as investors assessed corporate earnings and merger news. Geopolitical tensions in the Middle East kept energy inflation concerns in focus for markets. Technology stocks showed mixed performance, with ASML and Publicis gaining on strong demand. ABB announced a significant acquisition, while Delivery Hero faced a…

The Economic Times · Jul 16

US Stock Market: Fed Beige Book signals improving economy as inflation eases, but fuel costs and tariffs remain risks

The US economy shows moderate expansion with improving employment figures. Inflation is easing across Federal Reserve districts, though fuel costs remain a concern. Businesses anticipate continued growth while facing elevated input expenses. The labor market remains resilient without generating excessive wage pressures. Geopolitical developments and tariffs continue to shape the…

The Economic Times · Jul 16

Bitcoin hovers near $64,600 as inflation cools, geopolitical risks cap gains

Bitcoin traded flat near $64,600 on Thursday as easing inflation and rising geopolitical tensions kept investors cautious. The world's largest cryptocurrency slipped 0.42% to $64,560, while Ethereum gained 2.24% to $1,917. Among major altcoins, BNB and XRP edged higher, whereas Solana, Tron, Hyperliquid, Dogecoin and Cardano declined by up to…

The Economic Times · Jul 16

A case for less talk? Making sense of Fed's flip-flops over past one year

The call from Federal Reserve chief Kevin Warsh to curtail policy guidance is gathering momentum, with Fed Governor Chris Waller making a notable leap from dovish to hawkish stances. Michelle Bowman has also shown a marked transformation in her policy views. Meanwhile, Stephen Miran is advocating for a focus on…

The Economic Times · Jul 16

Global Market: Japanese bond yields climb as oil surge and fiscal concerns weigh on market

Japanese government bond yields climbed on Thursday due to rising oil prices. Higher energy costs fueled inflation expectations and investor worries about Japan's fiscal health. A Bank of Japan survey indicated widespread expectations of future price increases. Shorter-term bond yields also saw upward movement following the inflation concerns. Persistent fiscal…

The Economic Times · Jul 16

Global growth set to slow to 2.5% and India 'will lose a step too': Moody's Analytics

Moody's Analytics expects global growth to slow to 2.5% in 2026, saying India too "will lose a step" amid a broader moderation in activity. The report said the AI boom has prevented a steeper downturn but warned that geopolitical tensions, trade frictions and inflation continue to pose downside risks to…

The Economic Times · Jul 16