Most central banks around the world closed in on taming inflation this year without bringing about a recession. Many of them even began lowering interest rates after prolonged monetary policy tightening in the aftermath of the COVID-19 pandemic.

But the song – which counts up from Christmas to Epiphany on Jan. 6 – has also become the peg for a whimsical way to gauge year-over-year inflation. Pennsylvania-based PNC Bank and other financial institutions have tracked the costs of each set of ...

Bank of Thailand expects inflation to stay within the 1% to 3% target range in the next two years, Governor Sethaput Suthiwartnarueput said, describing the band as appropriate and supportive of the nation’s growth potential.

Inflation in the U.S. showed signs of cooling in November as price increases slowed sharply after two months of gains.

The Federal Reserve’s preferred inflation gauge moved slightly higher in November — but not as much as economists were expecting, an indication that price hikes aren’t accelerating in a worrisome fashion.

Federal Reserve leaders are unified in their resolve to quash the worst bout of inflation in four decades. They just no longer agree on how high to keep U.S. interest rates to achieve their goal.

Count us as two financial economists hoping only certain inflation measures fall slower than expected, and everyone’s expectations for future inflation remain low. If so, the Federal Reserve should be able to look beyond short-term changes in inflation and focus on metrics that are more useful for predicting long-term inflation.

Russia's inflation has reached 9.5% this year, according to new weekly data showing that the consumer price index rose by 0.33% in the week leading up to Dec. 23, the statistical agency Rosstat reported on Wednesday.

The December 2024 economic projections from the central bank show significant changes from the September figures. They indicate rising inflation and potential impact.

The Personal Consumption Expenditures index climbed 2.4 percent from a year earlier, though the report’s details were more subdued than expected.

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Sajjid Chinoy, Head of Asia Economic Research at JPMorgan, has suggested that the Reserve Bank of India (RBI) may still consider an interest rate cut in February 2025, despite global economic challenges and persistent inflationary pressures.