consumer prices

October 16, 2024

U.K. Inflation Drops to 3-Year Low, Paving Way for Rate Cut in November

Inflation in the United Kingdom has fallen to its lowest level in over three years, according to official data released on Wednesday. The decline in consumer prices has solidified market expectations that

June 10, 2025

S&P 500 Rises as Tesla Gains Amid U.S.-China Trade Hopes

Stock Market Update The S&P 500 climbed on Tuesday, with Tesla leading the charge as investors awaited results from U.S.-China trade talks aimed at resolving the tariff dispute that has shaken global

November 8, 2024

Steve Madden Shifts Production Amid Trump’s Tariff Plans

President-elect Donald Trump‘s plan to impose sweeping tariffs on imports—especially on goods from China—is already influencing major U.S. companies. Steve Madden, a leading $3 billion footwear brand, announced Thursday that it will

Gap Faces $300 Million Hit from Trump’s Tariffs

by Jamie Spencer

Gap announced Thursday that the tariffs imposed by President Donald Trump on China and other countries will cost the retailer between $250 million and $300 million this year. The company, which owns

May 29, 2025

Lutnick Defends Tariffs, Claims $30B Monthly Revenue Gain

by Jamie Spencer

Commerce Secretary Howard Lutnick recently defended the Trump administration’s tariff strategy, emphasizing that the current 10% tariffs are generating over $30 billion per month in revenue without causing consumer price hikes. Speaking

May 23, 2025

UK Inflation Rises to 3.5% in April, Exceeding Expectations

by Jamie Spencer

The United Kingdom’s annual inflation rate reached 3.5% in April, surpassing analyst predictions, as the latest data released by the Office for National Statistics (ONS) revealed. Economists had forecasted the consumer price

May 21, 2025

US Import Prices Rise Amid Capital Goods Costs

by Jamie Spencer

In April, U.S. import prices rose unexpectedly by 0.1%, according to data released by the Labor Department’s Bureau of Labor Statistics on Friday. The increase was driven by a surge in the

May 16, 2025

Target Pressures Chinese Suppliers Ahead of Tariffs

by Jamie Spencer

Retailer seeks cost sharing as new duties loom Target is reportedly asking some Chinese suppliers to absorb part of the costs tied to incoming U.S. tariffs, joining other major retailers like Costco

April 1, 2025

Canada’s Inflation Surges to 2.6% in February

by Jamie Spencer

Canada’s annual inflation rate unexpectedly jumped to 2.6% in February, surpassing expectations as the expiration of a sales tax break pushed prices higher, Statistics Canada reported on Tuesday. The surprise inflation increase

March 18, 2025

Eurozone Inflation Surges to 2.5% in January

by Jamie Spencer

Eurozone inflation surged to 2.5% in January, marking its highest rate since July and remaining above the European Central Bank’s (ECB) medium-term target of 2% for the third consecutive month. Eurostat’s final

February 24, 2025

New Zealand Inflation Holds Steady at 2.2% in Q4

by Jamie Spencer

What Happened New Zealand’s annual inflation rate remained unchanged at 2.2% in the fourth quarter of 2024, defying expectations of a slight decline to 2.1%, according to data released by Statistics New

January 22, 2025

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consumer prices