Bloomberg(center)
The Czech central bank can wait out a global surge in oil prices without raising interest rates because inflation will likely stay under control even with higher fuel costs, according to board member Jan Kubicek.
Read full original ›Guido Fawkes(right)
The OBR has said inflation could be 1% higher by the end of the year thanks to a long spike in energy prices. Just Reeves’s luck… David Miles, member of the OBR’s budget responsibility committee, told MPs in the Commons: “If there’s no change in the picture on prices from now on forward, we estimate
Read full original ›Inside Climate News(lean-left)
Oil prices shot up on Monday as disruptions related to the war in Iran sent shockwaves through financial markets, underscoring the risks for countries that have been slow to diversify beyond fossil fuels. Brent crude oil, the benchmark for a majority of the world, surged to nearly $120 per barrel, t
Read full original ›Associated Press(center)
Gas prices are displayed, Monday, March 9, 2026, in Los Angeles. (AP Photo/Damian Dovarganes)
2026-03-11T04:01:36Z
WASHINGTON (AP) — Inflation likely was elevated last month even before the spike in oil and gas prices of the past two weeks that is expected to send consumer costs soaring in the month
Read full original ›The Hill(center)
The annual inflation rate held steady in February, according to data released Wednesday by the Labor Department, before the war in Iran drove energy prices higher and threatened to upend the global economy. Consumer prices rose 0.3 percent in February and were up 2.4 percent over the past year, as m
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