Topic
consumer prices
Business CPI data: Retail inflation moves up to 4.45% in July; stays above RBI's target for second month
India's retail inflation rose to 4.45% in July 2026, above the RBI's 4% target for a second straight month, with food inflation at 5.52%. The RBI kept policy rates unchanged, projecting full-year CPI inflation of 5.0% for 2026-27.
Business US Inflation Eases as Food Costs Cool in July
The Bureau of Labor Statistics reported that US consumer prices rose 3.4% in the year to July, down from 3.5% in June. Monthly inflation rose 0.1% due to housing costs, while food prices slowed and energy fell, offering consumers relief.
Supply Chain Hormuz Disruption Lifts Landed Costs by up to 50%, Raising Consumer Price Risk
Landed costs on Indian trade lanes are climbing 35–50% — and over 200% in some cases — as Strait of Hormuz unrest sends freight rates and war-risk charges soaring. The cost pressure is reaching consumers through contract pass-through clauses, while force majeure in Gulf gas supply curtails fertiliser, steel and petrochemical output.
Business UK Inflation Drops to 2.6% in June as Fuel and Food Prices Ease
UK inflation fell to 2.6% in the year to June 2026, down from 2.8% in May, driven by lower fuel and food prices, according to the Office for National Statistics. The data offers some respite for businesses and consumers, though inflation remains elevated.
Budget Energy to Raise Northern Ireland Residential Electricity Prices by 9.5% from August
Budget Energy, a Northern Ireland electricity supplier, will increase residential variable tariff prices by 9.5% from 4 August. The company blames continued wholesale energy market volatility and geopolitical tensions. Customers on fixed-price tariffs are exempt. This follows similar increases by SSE Airtricity and Power NI.
Business India inflation likely rose to 4% in May as food, fuel costs climb
A Reuters poll of 38 economists forecasts India's consumer price inflation rose to 4.0% in May, up from 3.48% in April, driven by rising vegetable prices and four fuel price hikes by state-owned retailers. The Reserve Bank of India kept rates unchanged last week, but raised its inflation forecast for the fiscal year to 5.1%. Economists warn that wholesale price inflation, which accelerated to a 3-1/2-year high of 8.3% in April, will feed through to consumer prices gradually.
Business Trump's Inflation Remarks Amid Economic Tensions
President Donald Trump expressed unexpected enthusiasm for rising inflation rates, citing energy costs linked to the Iran conflict. His administration claims to stabilize oil markets through operations in the Strait of Hormuz.
US Inflation Hits Three-Year High at 4.2%
US inflation has surged to a three-year high of 4.2%, primarily due to rising energy costs. This increase raises the likelihood of the Federal Reserve raising interest rates.