I’m a bit surprised to see this at CNN of all places. CNN is so reliably anti-Trump that it’s a surprise to see anything that undermines the narrative. And yet, here’s a straight news article from the business section noting that the doomy predictions of the experts haven’t come true so far. Predictions from mainstream...
Prices of toys, car parts and major appliances jumped in the US last month, but the overall impact of Donald Trump’s new tariffs on consumers remained relatively muted. Prices were up 2.4% in May compared with a year ago, up from a rate of 2.3% in April, the latest official inflation figures showed. Housing and...
Has the trade war with China come to an end? Has the media’s war on Donald Trump’s trade policies come to a similar anti-climactic conclusion? Trump declared victory on one of these fronts earlier this morning: OUR DEAL WITH CHINA IS DONE, SUBJECT TO FINAL APPROVAL WITH PRESIDENT XI AND ME. FULL MAGNETS, AND ANY...
Charlotte Edwards Business reporter, BBC News Getty Images Higher beef and fresh produce prices has pushed UK food inflation to an annual high, according to industry data, with the boss of one steakhouse chain telling the BBC it has increased prices. Food prices rose 2.8% in the year to May, the highest annual rate since...
Kevin Peachey Cost of living correspondent Getty Images The rate of rising prices – inflation – has eased for the second month in a row, official figures show. In March, prices rose at an annual rate of 2.6%, far slower than the 11% inflation peak seen in 2022. Petrol and toy prices have fallen, a...
Faarea Masud BBC Business reporter Getty Images Falling petrol prices drove UK inflation down by more than expected in the year to March. Inflation was 2.6%, down from a rate of 2.8% in February, according to official data. But the fall may only be temporary as analysts say it’s expected to spike from April as...
An analysis of Trump’s tariffs shows they will cost the typical US family around $3,800 in extra spending per year. In a Truth Social post on Monday, President Donald Trump falsely insinuated that his administration’s across-the-board tariffs on dozens of countries wouldn’t affect consumer costs in the U.S., and that prices of commonly purchased goods...
UK inflation fell by more than expected in February, driven by a drop in the prices of clothes and shoes. Inflation decreased to 2.8%, down from a rate of 3% in January, according to the Office for National Statistics (ONS). The latest figures come ahead of Chancellor Rachel Reeves’ Spring Statement, where she will set...
