Today news
About the same in other media
There Are Signs Inflation May Have Peaked, but Can It Come Down Fast Enough?
Reading now: 979
wsj.comGrowing signs that price pressures are easing suggest that June’s distressingly high 9.1% increase in consumer prices will probably be the peak. But even if inflation indeed comes down, economists see a slow pace of decline.
Ed Hyman, chairman of Evercore ISI, pointed to many indicators that 9.1% might have been the top. Gasoline prices have fallen around 10% from their mid-June high point of $5.02 a gallon, according to AAA. Wheat futures prices have fallen by 37% since mid-May and corn futures prices are down 27% from mid-June. The cost of shipping goods from East Asia to the U.S. West Coast is 11.4% lower than a month ago, according to Xeneta, a Norway-based transportation-data and procurement firm.
Read more on wsj.comAbout this in other media
'It’s not a catastrophe. You can change the pope': Pope Francis says he'll slow down or retire euronews.com /2 years ago
Fundraising Leaders North Americans are 'Most Likely to Write Rules of Metaverse' – CoinShares cryptonews.com /2 years ago
Travel chaos and understaffed airports are a wake-up call: Britain is unravelling theguardian.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
