New official figures show that inflation, the rate at which prices rise over time, fell again in March.
Gold prices are still increasing, and retailers like Costco and Walmart have started selling gold bars.
WASHINGTON >> A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid.
Retail inflation has lessened, but businesses are still swamped by huge price increases in materials and servicesConsumer prices ticked up again in March, rising to anywhere from 3.2% to 3.8% year-over-year, depending on the rate you’re tracking. Of course, that’s way down from what it was back in 2022. But don’t tell that to any of my clients – or people running businesses in just about every industry across the country. For them, prices are not only rising but are significantly –...
This steep increase underscores a broader economic phenomenon where climate change significantly impacts global commodity prices.
Tesco has said price pressures on grocers have eased as it reported bumper
Thor Explorations said it is on track to meet its target of between 95-100,000 ounces of gold from the Segilola mine in Nigeria even after a slower start
The price for gold bars in the Southeast Asian country has risen around 15% this year
Over the past few weeks, the naira has undergone a dramatic turnaround, appreciating from a record low of around N1,900/dollar read more Naira soars, prices stall: Why relief for Nigerian consumers is slow!
The increase this year, driven by geopolitical tensions and supply shocks,
Royal Caribbean saw stronger-than-usual demand as Americans take to the seas. More than half the cruise operator's earnings growth stemmed from price hikes. Its share price was near a record-high on Friday and up 17 percent this year
The PCE index shows that progression on bringing down inflation has stalled. | Economy