inflation

Inflation has moderated but still poses a risk to the Indian economy, India's new central bank governor says.

AP - Americans' productivity soared in the spring while labor costs declined, two welcome outcomes that should relieve concerns that inflation is getting out of hand.

The Bank of England holds interest rates at 5% for a fifth month as it balances a weak economy and high inflation.

The statistics are grim: Inflation is at a 17-year high. Unemployment is rising. Foreclosures are spreading.

Two key reports in the past week show that inflation was running high in July. But August is offering relief.

An index tracking prices that companies pay for goods jumped up sharply in July, which means inflation is a growing threat.

Meanwhile, the housing market continues to slump, with home-builders sharply cutting back on construction projects.

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Wholesale prices increased more than expected in July, adding to growing fears about inflation, according to a government report released on Tuesday.

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 wheelbarrows out of storage. As of July you could pay for your magazine with three newly issued $100 billion bills.

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.