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latest news in inflation

Businesses Pass Tariff Costs to Americans, Fueling Inflation

Businesses Pass Tariff Costs to Americans, Fueling Inflation

Cleveland, Tuesday, 5 August 2025.
Due to past tariffs, businesses in the U.S. are raising prices, risking inflation. Economists highlight this trend’s impact on consumer spending and economic stability.

Bank of England to Lower Key Interest Rate Amid Inflation Concerns

Bank of England to Lower Key Interest Rate Amid Inflation Concerns

London, Monday, 4 August 2025.
The Bank of England will cut its interest rate from 4.25% to 4% on Thursday due to rising inflation, which hit 3.6% in June 2025, impacting consumer spending and market confidence.