The inflation data captures the period before the Iran war broke out. Since then, oil prices have surged, driving inflation fears.

Inflation remained stubbornly elevated last month as gas prices rose, but it’s a snapshot of consumer prices before a U.S.-Israeli attack on Iran sent energy costs soaring. Trump bragged about low gas prices.

Investor nervousness about the impact of soaring energy costs is growing.

The financial markets shifted into risk-on mode following inflation data Friday that capped a week of good news for the markets and the economy. While it’s still too early to speculate on how the Federal Reserve might respond when it meets in September ...

For the better part of a year, the inflation narrative among many economists and policymakers was that it was essentially a food and fuel problem. Once supply chains eased and gas prices abated, the thinking went, that would help lower food costs and in ...

Economists predict RBA will raise interest rates this week and in May – days before treasurer unveils budget

Willis made the remarks at a 1pm update on the Government’s response to the war in the Middle East. She also revealed Treasury’s “worst case” scenario, which assumed a lon

Fresh increases in the price of petrol and diesel are filtering through the economy, pushing up transport fares, food prices