Prices soared in July on the back of record oil. Now, after witnessing the sharp drop in the cost of crude, Americans are hoping for relief in August.
They may be sorely disappointed.
Bank keeps UK interest rate at 5%
The Bank of England holds interest rates at 5% for a fifth month as it balances a weak economy and high inflation.
Issue #1: Are you better off?
The statistics are grim: Inflation is at a 17-year high. Unemployment is rising. Foreclosures are spreading.
Forget stagflation, think stagnation
Two key reports in the past week show that inflation was running high in July. But August is offering relief.
Wholesale prices rise again
Wholesale prices increased more than expected in July, adding to growing fears about inflation, according to a government report released on Tuesday.
Where inflation is 2,000,000%
If purchased on the newsstand in Zimbabwe, the issue of Fortune you're holding would have cost you 270,543,825,555 Zimbabwean dollars. But don't worry about pulling your Weimar-era...
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