Inflation Rises in US and Germany Amid Higher Energy Costs
US producer price indices rose significantly due to energy costs, while Ireland and Germany also reported increases in annual inflation rates. These figures add pressure to household budgets and influence central bank policy expectations.
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US Producer Price Index Rises Most in Three Months on Energy Costs
The US producer price index for August rose 0.4% from the prior month and 5.4% from a year earlier. Initial jobless claims fell by 1,000 to 206,000 for the week ending September 5. Bloomberg's Michael McKee reports. (Source: Bloomberg)
Read full article →Higher energy prices push inflation up to 3.7% in August
The rate of inflation in Ireland reached 3.7% in the 12 months to August, up from 3.4% in the year to July, new figures from the Central Statistics Office show today.
Read full article →Pressure on household budgets continues to ramp up as inflation rate rises again
Inflation rate shoots up to 3.7pc mainly due to energy cost rises due to Gulf conflict
By Charlie Weston
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