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inflation

South Africa food inflation drops despite rising fruit and rice prices

by Anas Siddiqui
South Africa food inflation drops despite rising fruit and rice prices

Inflation in South Africa cooled for a second consecutive month in rare good news for the country’s economy ahead of the election next week, data showed on Wednesday. Annual consumer …

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Nigerians bemoan exorbitant cost of living as inflation reaches record high

by Ron Morgan
Nigerians bemoan exorbitant cost of living as inflation reaches record high

Nigeria’s cost of living crisis is heaping misery on the citizens with inflation soaring amidst failing efforts by the monetary and fiscal authorities to stabilise the national currency’s exchange value …

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New highs on Wall Street, Fed’s Waller says rate cuts months away

by Walter Watson
New highs on Wall Street, Fed’s Waller says rate cuts months away

Traders work on the floor of the New York Stock Exchange during morning trading on May 17, 2024 in New York City.  Angela Weiss | AFP | Getty Images This …

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Fed Gov. Waller wants ‘several months’ of good inflation data before lowering rates

by Walter Watson
Fed Gov. Waller wants ‘several months’ of good inflation data before lowering rates

Christopher Waller, governor of the US Federal Reserve, during a Fed Listens event in Washington, D.C., on Friday, Sept. 23, 2022. Al Drago | Bloomberg | Getty Images Federal Reserve …

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Inflation cooled to 2.7% in April as food price growth slowed

by Anas Siddiqui
Inflation cooled to 2.7% in April as food price growth slowed

Business·Breaking Canada’s consumer price index cooled to 2.7 per cent in April, down from 2.9 per cent in March, led by a decline in the growth of food prices, Statistics …

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Import tariffs ‘inevitably’ making US inflation worse, China commentary says, as consumers and firms continue to foot the bill

by Walter Watson
Import tariffs ‘inevitably’ making US inflation worse, China commentary says, as consumers and firms continue to foot the bill

“The US’ pursuit of anti-globalisation, decoupling and disconnection has resulted in a mismatch of global resources, as well as supply and demand, which will inevitably impose further constraints on the …

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Opinion | Why Biden won’t beat China by out-Trumping Trump on trade tariffs

by Ron Morgan
Opinion | Why Biden won’t beat China by out-Trumping Trump on trade tariffs

Last week, Biden announced a 100 per cent tariff on electric vehicles (EVs) from China, roughly a quadrupling of earlier levies. Tariffs are also surging on solar cells, advanced batteries, …

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Is there a pullback in consumer spending? Here’s what CEOs say

by Franz Hernandez
Is there a pullback in consumer spending? Here’s what CEOs say

People walk past a Sweetgreen restaurant in Manhattan on September 14, 2023.  Jeenah Moon | The Washington Post | Getty Images With higher prices and elevated interest rates stubbornly sticking …

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Dow at record high, Iran’s president dies in helicopter crash

by Walter Watson
New highs on Wall Street, Fed’s Waller says rate cuts months away

Traders work on the floor of the New York Stock Exchange during morning trading on May 17, 2024 in New York City.  Angela Weiss | AFP | Getty Images This …

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Dow at record close, GameStop shares crash

by Walter Watson
Dow at record close, GameStop shares crash

Andriy Onufriyenko | Moment | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything …

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