The inflation gains were led by sharply higher food prices, officials said.
All eyes are on the Federal Reserve and Ben Bernanke this week, as the FOMC meets for its two-day policy meeting beginning on Tuesday.
U.S. Q2 GDP is expected to be miserable, with the consensus estimate at an annualized increase of 1%.
Why do violent Chinese insurgents get labeled "freedom fighters" instead of what they would be elsewhere, namely, "terrorists?"
Policymakers will use this meeting to debate how to prepare financial markets for the future bond-buying program reduction.
Britain’s Home Office has confirmed the plan despite complaints of discrimination from the targeted countries.
India's central bank expressed concerns about a slow global recovery and the impact of the Federal Reserve winding down its stimulus program.
Fast food workers in seven cities have gone on strike, asking for a raise of $15 an hour and the right to unionize.
Mexico's government wants to open the state oil company to private investment. The opposition says that might spark unrest.
A judge rejected the U.S. government's effort not to depose the Fed chair, saying he was a "central figure" in the AIG bailout decision.
Infrastructure development is key to Asian nations' shift away from export-based economy, officials agree.
Federal Reserve Vice Chair Janet Yellen was the most accurate economist forecaster on the Fed from 2009 to 2012.
The wine investigation freeze comes after a deal on a trade dispute over solar panels, the biggest China/EU trade dispute yet.
Controversy surrounds Kenya's option to sign an Economic Partnership Agreement with Europe, and the clock is ticking.
What's more, median pay inside Amazon fulfillment centers is 30 percent higher than positions in traditional retail stores.
Japan's Shinzo Abe will consider raising the sales tax -- a move supported by BoJ -- based on Q2 GDP's performance.
The economic calendar this week includes the FOMC meeting, the July jobs report and second-quarter U.S. GDP.
The order comes as GDP growth slows and worries mount over vulnerabilities in local government finances and their effect on the banking system.
Riyadh’s first metro system is expected to create jobs and ease traffic problems, as the government seeks to diversify Saudi Arabia's economy.
California’s singing tree frogs face a growing threat from pesticides used on the state’s farms.
For 30 years, the world watched in awe as China's economy galloped ahead, but China's slowdown might not stick to the script.
CMS says Obamacare is aiding in battle against fraud in Medicare, Medicaid and the Children’s Health Insurance Program.
As Chinese real estate prices continue to soar, investors are moving their money to Detroit in hopes of turning a profit.
The number of digital TV viewers will hit a crucial tipping point in 2014, with Netflix now leading the pack.
Whether or not Indian companies can challenge Chinese rivals in Myanmar will depend, in part, on the Export-Import Bank of India.
Americans felt better about the current economic climate during July, but they expect lower GDP growth up ahead.
The figures indicate the effectiveness of Prime Minister Shinzo Abe’s aggressive monetary easing policy.
While the government is telling us that the unemployment rate is steadily coming down, the truth is it's still out of control.
U.S. lawmakers have sought information from Smithfield Foods on the impact of its purchase by Shuanghui on heparin's safety and availability.
Since the melamine-tainted milk scandal of 2008, China has grappled with food safety issues, fueling consumers’ preference for foreign brands.