CONSUMER PRICE INDEX

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China taxi drivers strike, dismiss pledges to boost fares

Striking cab drivers in Hangzhou denouncing rising fuel prices and demanding the government make good on pledges to raise fares abandoned their vehicles for a second day on Tuesday, and planned street protests despite a heavy police presence.

Social Security Payment Increases - Debt Deal Casualty?

At Issue: Social Security
Baby Boomers - the size of your Social Security payment may be lowered, if the current mood in Congress prevails. That's because 'Gang of Six' debt deal plan negotiators want to change the inflation/cost of living formula -- a change that would result in smaller annual payment increases for inflation.

Gloomy consumers cast dark cloud over economy

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U.S. consumer confidence hit a near 2-1/2 year low in early July and manufacturing output stalled in June, further frustrating expectations of a quick economic growth rebound in the second half of the year.
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New Yorkers Earn More Than Average American

The Bureau of Labor Statistics released data Wednesday that indicates New Yorkers earn nearly $1.14 for every $1 the average American worker makes.
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World Market Overview 04/28/2011

The Australian share market closed lower amid concerns about a tough upcoming federal budget, strong local dollar and possible interest rate rises sparked by higher inflation figures.

China Locks Up More Cash as Prices Keep Rising

There will be a little less money to go around in China starting later this week. China's government is worried about rising prices and is tightening its grip on the country's cash. In the latest step, the country's banking authorities have told banks that they must raise the amount they set aside in their reserves another half a percentage point, effectively reducing lending.
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Fed's Evans says underlying inflation still low

The Consumer Price Index data for March was in line with low underlying inflation, a top U.S. Federal Reserve official said on Friday, adding it is too early to determine whether commodity price spikes are playing a role.
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Core inflation rises slightly, sentiment mends

Rising food and gasoline costs lifted U.S. consumer prices overall in March, but underlying inflation pressures were contained and consumer confidence rose in April.
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Core inflation rises mildly, earnings fall

Rising food and gasoline prices lifted U.S. consumer inflation as expected in March, but underlying inflation pressures remained contained, a government report showed on Friday.
An engineer works inside a section of a Pelamis wave energy converter at their factory in Edinburgh, Scotland.

UK factory orders rose sharply in March

The UK factory orders rose to a three-year high in March as strengthening domestic demand boosted manufacturing output in the country.
Bank of England Governor Mervyn King speaks at the Asian Business Association annual dinner in London

UK inflation rose more than expected in Feb

Consumer prices in Britain rose more than expected in February, strengthening speculation over interest rate hike by the Bank of England (BoE).
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BoJ Statement on Further Monetary Easing (Full Text)

The Bank of Japan (BOJ) said on Monday it will increase the size of the asset purchase program from five trillion yen to 10 trillion yen and promised to inject additional liquidity into the financial system battered by the triple whammy of a disastrous earthquake, a tsunami and an unfolding nuclear crisis.
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German inflation rose 2.1 pct in February

Inflation in Germany rose more than previously estimated in February, strengthening speculation that the European Central Bank (ECB) may hike interest rate as early as next month.
Bank of England Governor Mervyn King speaks at the Asian Business Association annual dinner in London

BoE keeps rates unchanged at 0.5 pct despite high inflation

The Bank of England (BoE) on Thursday kept interest rates unchanged at 0.5 percent again, even though inflation remained above the central bank’s target of 2 percent for a fourteen consecutive month in January.
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Gold climbs to record as Mideast violence flares

Gold climbed to a record high above $1,440 an ounce on Monday as the threat of violence spreading in the Middle East and North Africa pushed oil prices to 2-1/2 year highs and burnished the metal's safe-haven appeal.

How much do union bosses make? (PHOTOS)

Here are the ten largest unions in the country, their membership, assets, salaries of the bosses, and campaign contributions during 2009-2010.
Josef Kronschnabel works on BMW's new axle gearing production line in Dingolfing

Eurozone manufacturing PMI at near 11-year high

Manufacturing activity in the eurozone accelerated to a near 11-year high in February but input costs continued to rise, signaling inflationary pressures in the region.
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Fewer in U.S. deem homeownership a safe investment

Homeownership as an investment is no longer the rock-solid foundation for the American Dream it once was, according to a survey released on Monday by the firm the government created in the 1930s to promote homeownership.

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