core prices
Coverage of core prices in the Nexus archive.
- Falling gas prices likely cut inflation last month but renewal of Iran war could undo progress
Falling gas prices are expected to reduce inflation in June, with consumer prices forecast to drop 0.2%, marking the first decline in nearly four years. However, renewed U.S.-Iran tensions have pushed oil prices up, threatening to reverse progress. The Federal Reserve is monitoring core inflation, which is projected to rise 0.2% monthly, while officials debate potential rate hikes.
- Egypt Inflation Cools to 12.2%, but Rates Stay at 19%
Egypt's inflation dropped to 12.2% in June for the third consecutive decline, but the central bank maintained interest rates at 19% due to rising core prices and a weakened Egyptian pound.
- Key inflation gauge jumps to 3-year high in latest sign of affordability challenges
The Federal Reserve’s preferred inflation gauge rose to a three-year high in May, driven by higher gas prices and demand for computer equipment. Core prices, excluding energy and food, increased to 3.4% annually, the largest rise since October 2023, while the Fed remains focused on returning inflation to its 2% target.