The Latest Breaking News from Inflation

Inflation rose 12.1% in Phoenix versus the previous year—more than in any other major U.S. city, according to WalletHub’s new report.

The Federal Reserve's aggressive campaign against high inflation dominated global financial markets this year. Starting this week, the action shifts to Europe, where inflation could prove stickier and harder to tame. That shift is likely to reverse some of the key market dynamics of 2022, most significantly a superstrong dollar.

Australian and US stocks climb after data shows inflation in North America barely rose last month. Look back on the day's events and insights from our business reporters on the ABC News markets blog.

It's been described as "unlike any since the start of devolution"

Experts say inflation has peaked and that the Federal Reserve’s interest rate hikes may end soon. Should investors jump into stocks? Or is it a trap?

U.S. inflation data offered the strongest evidence yet that price pressures have peaked, cheering financial markets and putting a pause from the Federal Reserve’s interest-rate hikes in view.

Key inflation drivers — housing, goods and services — are all pointing in a favorable direction.

As NZ reports another quarter of slow economic growth, it is combining with inflationary pressures to pose a worrying economic outlook – here and around the world. A resilient China can help NZ through a worrying economic future.

NEW DELHI: After months of record high consumer prices, inflation pressure seems to be easing in certain major economies of the world.

‘In a world where inflation is rising at double digits in many major economies around the world. Inflation is coming down in America,’ Biden says

Food prices were up 0.5 percent during November, even as energy prices fell by about 1.6 percent.