Travelers face persistently high airfares globally, up 25-30% from 2025, driven by soaring jet fuel prices from the US-Iran conflict, refinery shortages, Boeing and Airbus delivery delays, FAA staffing issues, and resilient travel demand.
South Korea will update its consumer price index basket by adding subscription fees for software, cloud services, and online shopping, alongside smartwatch-related costs and meal kits. Bracken fern will be excluded. Details will be announced in December after public opinion gathering.
US President Donald Trump downplayed a surge in consumer inflation to a three-year high, calling the May CPI data "great." The inflation, driven by soaring energy prices from the US-Israel war in Iran, presents a challenge for Republicans before midterm elections.
US consumer inflation reached a three-year high in May, rising 4.2% year-on-year, driven largely by a more than 60% increase in energy prices. President Trump expressed satisfaction with the report, linking inflation to energy costs and the ongoing conflict with Iran.
US inflation rose 0.5% in May, reaching an annual rate of 4.2% due to soaring energy costs. Core inflation, excluding food and energy, showed slower growth, but concerns remain about the impact of ongoing geopolitical tensions.
Australian house prices stagnated last month, with Sydney and Melbourne seeing price drops. This shift, driven by interest rate hikes, contrasts with the public and political view of housing as an investment rather than a basic need, hindering affordability efforts.
Japan has experienced significant price increases over the past 30 years, with the Consumer Price Index (CPI) showing a 2.5x rise in grilled eel and many other goods. While wages have not kept pace, recent inflation is driven by global factors like the Ukraine war and a weak yen.
NPR's Michel Martin asks Austan Goolsbee, president and CEO of the Federal Reserve Bank of Chicago, about rising inflation and the latest federal report on consumer prices.
US consumer prices climbed sharply again last month as the 10-week war with Iran pushed energy prices higher. The Labor Department’s consumer price index rose 3.8 per cent from April 2025, according to data released on Tuesday. On a month-to-month basis, April prices rose 0.6 per cent from March as petrol prices rose 5.4 per cent during the month; the month-over-month gain was down from 0.9 per cent increase from February to March. Labor Department figures showed that petrol prices are up more...
The market was on track for a weak open even before this morning's April consumer price index came in hotter than expected.
U.S. CPI rose 0.6% in April, with a 3.8% annual rate, exceeding expectations and raising inflation concerns beyond the Fed's 2% target.
