The core index that omits energy and food costs also rose by 0.3% in June, but the annual rate ticked up to 2.8% from 2.7% and slightly above forecasts. Personal spending rose by 0.3%, below the 0.4% forecast but still suggesting consumers are willing to continue shopping.

San Diego’s inflation rate was 4% in July — fueled primarily by rising prices for food, medical care and cars — making it highest in the nation.

Uruguay’s central bank extended its easing cycle by lowering the key interest rate a quarter point following two months of inflation near its target.

Higher food and airfare prices pushed U.K. inflation above expectations in July. The development has tempered market expectations that the Bank of England will cut interest rates again this year.

The International Monetary Fund (IMF) says recent monetary policy responses to the stubbornly high inflation have proven to be insufficient. Four monetary policy committee (MPC) meetings took place in 2024,

The Canadian dollar hit its lowest in almost three weeks against its U.S. counterpart on Tuesday as oil prices fell and cooler domestic inflation data raised expectations the Bank of Canada would cut interest rates in the coming months.

The Current Inflation Rate Is 2.7%. Here's How That Could Affect This Leading Retail Stock. Inflation may have cooled off from its peak of around 9% in 2022, but the beast has not been fully tamed.

Mexico’s prices rose much less than expected earlier this month while the economy grew modestly in the second quarter according to data published Friday, raising odds of another interest rate cut in September.

Beth Hammack, the president and chief executive of the Federal Reserve Bank of Cleveland, thinks the Fed needs to maintain its focus on fighting inflation.