The British pound rose marginally against the dollar and euro on Wednesday after data showed inflation hit its highest in 18 months in July, with markets not fully pricing the next rate cut from the Bank of England until well into next year.

According to Bankrate, inflation has climbed 22.7 percent since 2021, while Americans' wages have risen just 21.5 percent.

The chancellor will have a particular eye on food inflation because people are especially sensitive to grocery price rises. At 4.9%, it’s the highest since February 2024, driven

India's monetary policy committee members flagged evolving risks from global trade tensions and tariffs as a key drag on growth but said the economy remains resilient with the inflation outlook benign,

New York is sending inflation refund checks of up to $400 starting in mid-October. See if you're eligible and how much you will receive.

UK inflation climbed for a second month in July, adding pressure on the Bank of England to reconsider its pace of interest-rate cuts.

Britain's FTSE 100 held steady on Wednesday as gains in consumer and healthcare sectors offset losses in energy and mining stocks, while investors assessed a hotter-than-expected inflation report.

Here's what new data from the producer price index says about where inflation is headed, according to economists.