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Wholesale prices rise by sharp 1.8 percent in June
Summary from multiple countries, from articles in English
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NEW YORK The stock market notched its best gain in 3 1/2 months Wednesday as a second straight day of falling oil prices led Wall Street to shake off troubling new data on inflation. (article 5)
South Africa's rising official inflation figures, which have sparked escalating industrial action and sent the cost of borrowing to a five-year high, are overestimated and based on "make-believe" calculations, a leading bank said on Wednesday. (article 12)
The U.S. government said Wednesday that the inflation rate last month hit the second-highest rate in 26 years, reaching 1.1 per cent for the month. (article 4)
The Labor Department reported that consumer prices jumped 1.1 percent last month, much worse than had been expected. (article 1)
WASHINGTON - Soaring costs for gasoline and food pushed inflation at the wholesale level up by a larger-than-expected amount in June, leaving inflation rising over the past year at the fastest pace in more than a quarter-century. (article 2)
But the "upside risks to the inflation outlook have intensified" with a "sharp pick-up in inflation" driven by commodity prices and an increase in some measures of inflation expectations. (article 7)
Japan's central bank has left interest rates on hold and cut its forecast for growth amid concerns about rising costs and signs of an economic slowdown. (article 16)
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Other stories about inflation, prices and percent:
Event tracking:
Story keywords
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inflation, prices, percent, growth, oil |
Source articles
- Consumer prices jump 1.1% in June (L.A. Times, 07/16/2008, 697 words)
- Wholesale prices rise by sharp 1.8 percent in June (seattletimes.nwsource.com, 07/15/2008, 223 words)
- Stocks Rebound Despite Big Jump In June Inflation (Washington Post, 07/16/2008, 552 words)
- U.S., euro-zone inflation rates hit multi-year highs in June (cbc.ca, 07/16/2008, 289 words)
- Stocks soar on drop in oil, Wells Fargo report (L.A. Times, 07/17/2008, 595 words)
- Fed's Hoenig: Don't wait too long to raise rates (boston.com, 07/16/2008, 399 words)
- Fed charts tricky course as clouds gather (ft.com, 07/15/2008, 612 words)
- US inflation rate at 17-year high (BBC News, 07/16/2008, 439 words)
- Eurozone inflation at record 4% (BBC News, 07/16/2008, 319 words)
- Could oil mania be coming to an end? (timesonline.co.uk, 07/15/2008, 1160 words)
- Bernanke Remarks On Housing Market and Credit Crunch (Washington Post, 07/15/2008, 2759 words)
- Bank attacks S Africa’s inflation data (ft.com, 07/16/2008, 447 words)
- Bank of Canada holds line again on key interest rate (cbc.ca, 07/15/2008, 399 words)
- Bernanke:Fannie, Freddie in no danger of failing (Washington Post, 07/16/2008, 461 words)
- Bank of Japan downgrades growth forecasts (ft.com, 07/15/2008, 523 words)
- Japan keeps interest rate on hold (BBC News, 07/15/2008, 178 words)
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blaster@cs.columbia.edu
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