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Infographic: US Consumer Prices Shoot Up

While prices initially took a dive during the crisis - due to falling out-of-house demand and decreased need for fuel - they are now roaring back, exceeding pre-crisis levels as the United States gets ready to open up again.

Fed Tempers Post-Stimulus Inflation Fears As Consumer Prices Jump Past Projections

Federal Reserve Chair Jerome Powell, pictured in January 2020, has downplayed concerns that the United States could see a significant rise in inflation as its economy recovers

While prices are on the rise after the delivery of stimulus checks, Federal Reserve officials said they remain within acceptable limits.

Gas Prices Spike But US Inflation Otherwise Tame In January

Rising gasoline prices are expected to continue while OPEC+ members debate an increase in production.

Gas prices spike but US inflation otherwise tame in January

Brazil exited recession in the third quarter of 2020 but it is still reeling from the effects of Covid-19, as the country has the world's second-highest pandemic death toll after the United States

Brazil Keeps 2 Pct Interest Rate Despite Rising Inflation

Brazil keeps 2 pct interest rate despite rising inflation

More news

Brazil Holds Interest Rate At Record Low

Brazil holds interest rate at record low

The landlocked southern African country boasts vast gold reserves

Zimbabwe Looking Underground For Golden Economic Revival

Reeling from decades of economic mismanagement, Zimbabwe is banking on gold to shore up revenue and tackle the upshots of rampant hyperinflation, corruption and coronavirus restrictions.

A new Federal Reserve survey showed only 30 percent of workers laid off during the pandemic have returned to work, and 22 percent don't expect to have a job to go back to

US Fed Official Warns Against Inflation 'Ghost Stories'

US Fed official warns against inflation 'ghost stories'

Fed Chair Jerome Powell may comment further on the state of the US economy after the Federal Open Market Committee concludes its two-day meeting

Federal Reserve Suggests Near-Zero Interest Rates Are Here To Stay For The Long Haul

Two FOMC officials, Kaplan and Kashkari, opposed the policy decision

ECB chief Christine Lagarde's words will be scrutinised for hints on how to hold down the euro in a grim economic climate

ECB Keeps Rate Policy, Stimulus Program Unchanged While Monitoring Low Inflation, Rising Euro Currency

The European Central Bank is worried about a recent spike in COVID-19 infections in Europe.

People wearing face masks walk past the Louvre Pyramid in Paris

Eurozone Unemployment Creeped Up In July; Inflation Turned Negative In August

Wage subsidy schemes have kept overall jobless figures artificially modest

US Federal Reserve Chairman Jerome Powell said keeping COVID-19 in check is a key step to economic recovery

Fed Chief Wants Monetary Policy To Benefit All Americans, Including Lower Income Communities

Fed chair Jerome Powell explicitly referred to including benefits accrued to lower-income and disadvantaged groups by policy decisions

Fed Chair Jerome Powell said tighter labor markets benefit lower income households

Fed Unveils Major Policy Shift To Maximize Job Growth

Fed unveils major policy shift to maximize job growth

Federal Reserve chief Jerome Powell has for months called for further government action to support the US economy but lawmakers remain at loggerheads over a new stimulus package

Federal Reserve’s New Policy On Inflation Would Keep Interest Rates Lower For Longer Periods

Jerome Powell introduced new policies on how the central bank will view inflation, full employment

Fed Chief Powell To Speak On Inflation At Virtual Symposium Thursday: Can Central Bank Ramp Up Prices?

The Federal Reserve is concerned that inflation has run below its 2% target for too long

US Federal Reserve Chair Jerome Powell tried to avoid policy recommendations to Congress but made it clear more pandemic spending will be needed to ensure the economy recovers

Fed’s Minutes Reveal Central Bank Worried COVID-19 Will Continue To 'Weigh Heavily' On Economy

The FOMC looks set to keep interest rates at near zero for a lengthy period.

Zimbabwe has been grappling with more than a decade of hyperinflation

Zimbabwe Govt Denies Crisis As Inflation Jumps To 840 Percent

Zimbabwe govt denies crisis as inflation jumps to 840 percent

Year to date inflation in Venezuela is 840 percent, the highest in the world

Venezuela Inflation Accelerating, Parliament Says

Venezuela inflation accelerating, parliament says

Gasoline, Medical Care Push Consumer Prices Up 0.6% For Second Straight Month

Core inflation rose 0.6% in July compared to a 0.2% rise in June.

US consumer prices were driven up in July 2020 by new and used car prices

US Consumer Prices Jump In July, Pushed By Autos

US consumer prices jump in July, pushed by autos

Algeria's capital Algiers during a curfew at the end of June aimed at preventing the spread of COVID-19

Algeria Economy Rocked By One-two Punch

Algeria economy rocked by one-two punch

Some say saving the planet is not really the ECB's job

European Central Bank Cautiously Keeps Monetary Policy, Asset Buying Program Unchanged

ECB kept its key interest rate unchanged at minus-0.5%

A 12.3 percent spike in gasoline prices accounted for half of the overall increase in June US inflation

US Inflation Spikes 0.6% In June On Rising Gas Prices: Report

US inflation spikes 0.6% in June on rising gas prices: report

Elvis Presley Net Worth: 'King Of Rock' Only Had $5M At Time Of Death

Elvis Presley's net worth at the time of his death was only $5 million. The King of Rock 'n' Roll sold more than 600 million albums all over the world and is still considered the best-selling solo artist of all time.