The Latest Breaking News from Inflation

Trump does not have the authority to force Powell to resign. The Fed chair’s term is up in May 2026.

For customers who don’t have the freedom to choose where they shop, technological advancements — particularly artificial intelligence (AI) and intrusive personal data collection — are making price discrimination, inflation and lower-quality goods increasingly likely. Vulnerable consumers are most at risk.

Turkey’s central bank has raised its key interest rate by 3.5 percentage points and halted a three‑month easing streak as it confronts stubborn inflation and financial turbulence following the arrest of Istanbul’s mayor and aftershocks of global tariffs

Turkey's central bank hiked its key interest rate to 46 percent on Thursday after a month of protests over the arrest of Istanbul's opposition mayor and economic uncertainty provoked by US President Donald Trump's sweeping tariffs.

The European Central Bank cut its benchmark interest rate by a quarter point to 2.25% on Thursday as threats to growth outweigh inflationary concerns.

US President Donald Trump blasted Federal Reserve chairman Jerome Powell on Thursday for not lowering interest rates, calling him "always TOO LATE AND WRONG." "Powell's termination cannot come fast enough," Trump wrote on his Truth Social platform.

The economy now faces "heightened downside risks," says Powell.

Chocolate price inflation is accelerating as climate change hits West African cocoa producers, the Energy and Climate Intelligence Unit said.

Chocolate prices are going up year on year making Easter a more expensive time