Euro-Area Inflation Rose to 2.9% in July as Energy Costs Stayed High
Euro-area inflation edged higher in July as energy prices jumped 10.3% from a year earlier. The ECB says more effects could appear in August.
Energy Prices
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Europe’s Inflation Rate Remains Above Target in July
Euro-area inflation rose to 2.9% in July and EU inflation reached 3.0%, with energy and services driving pressure as the ECB kept rates unchanged.
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ECB Holds Euro-Area Rates on July 23 as Middle East Energy Shock Threatens to Prolong Inflation
The European Central Bank kept all three key euro-area interest rates unchanged on July 23, 2026, while warning that volatile energy prices linked to the Middle East conflict could continue to fuel inflation.
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ECB Holds Rates Steady as Middle East Conflict Keeps Energy Risks Elevated
The European Central Bank left all three key interest rates unchanged on July 23, 2026, saying volatile energy prices linked to the Middle East conflict had made the inflation outlook more uncertain.
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Fed Holds Interest Rates Steady as Inflation and Energy Costs Remain Elevated
The Federal Reserve kept its federal-funds target range at 3.50% to 3.75% after its July meeting, as inflation and energy prices remained high.
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Federal Reserve Says U.S. Inflation Rose to 4.1% Over the Year Through May
The Federal Reserve’s July 2026 Monetary Policy Report said headline PCE inflation accelerated to 4.1% through May, while core inflation reached 3.4% and energy prices rose 24%.
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ADB Cuts South Asia’s 2026 Growth Forecast to 6.0% as Energy Costs Weigh on Incomes
The Asian Development Bank lowered South Asia’s 2026 growth forecast, citing elevated energy prices, weaker real incomes and growing external-sector pressure across the region.
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Fed report puts May inflation at 4.1% as tariffs and energy disruption weigh
The Federal Reserve said U.S. inflation accelerated sharply through May, with energy prices up 24% and overall PCE inflation well above the central bank’s 2% objective.
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Federal Reserve report shows inflation remains well above its 2% goal
The Federal Reserve’s July 2026 report to Congress said headline PCE inflation reached 4.1% through May, while energy prices rose 24% over the same period.
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Federal Reserve report links higher U.S. inflation to Middle East conflict and energy shocks
The Federal Reserve’s July 2026 report says U.S. inflation reached 4.1% and energy prices rose 24% through May as conflict and shipping disruptions affected energy markets.
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IMF’s July 2026 Outlook Projects Slower Global Growth as Iran War Energy Shock Meets AI Investment
The IMF projects approximately 3% global growth in 2026, with war-related energy disruption weighing on activity while artificial-intelligence investment provides a partial counterforce.
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June Wholesale Prices Fell, but Services Still Rose
U.S. producer prices fell 0.3% in June as goods and energy costs eased, but rising services prices show why household inflation may remain uneven.
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Wholesale inflation fell in June as gasoline prices dropped: what PPI signals
United States Prices and Inflation Watch — June PPI fell 0.3%, led by gasoline. Here’s how producer-price changes can hit store costs later.
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Gas and diesel prices: July 14 EIA update and your household budget
EIA’s July 14 update finds U.S. regular gasoline at $3.855/gal (+$0.078) and on-highway diesel at $4.796/gal (+$0.218).
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OPEC+ agrees on 188,000 bpd production adjustment for August—what it signals
OPEC+ agreed July 5 to implement a 188,000 bpd production adjustment in August. What it signals for oil expectations—and the U.S. fuel-price pipeline.
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Producer prices fell 0.3% in June as energy drops—does it signal CPI relief?
June’s producer-price drop was led by energy and gasoline, while services stayed firm—here’s what that “pipeline” suggests for CPI in the months ahead.
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U.S. strikes 10 Iranian targets again as ceasefire is strained
United States Evening Breaking National Update – The U.S. says it struck 10 Iranian targets again after a drone hit the Kiku near the Strait of Hormuz.
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Shakopee gas/diesel: regular $3.779; diesel $4.759–$4.799
Shakopee MN Gas & Diesel Watch: regular is $3.779 at both nearby 7‑Elevens right now; diesel runs $4.759–$4.799. AAA and EIA show easing.