Business, FTSE, Stock markets, Currencies, Retail industry, Federal Reserve, Inflation, Bank of England, Economics, US economy, Jerome Powell Business | The Guardian
Live, rolling coverage of business economics and financial markets as Fed chair Jerome Powell says the central bank wants “greater confidence” that inflation will reach its targetGrocery inflation has dropped to its lowest level since September 2021, according to fresh data from market research firm Kantar.Food inflation fell 1.6% in the four weeks to July 7, down from 2.1%, with toilet tissues, dog food and butter accounting for the largest fall in prices over the period.England’s hopes might have been dashed on Sunday, but there was still some cause for celebration in the grocery industry.Football fans drove beer sales up by an average of 13% on the days that the England men’s team played, compared with the same day during the previous week.EUROPE’S STOXX 600 DOWN 0.5%GERMANY’S DAX DOWN 0.6%BRITAIN’S FTSE 100 DOWN 0.4%FRANCE’S CAC 40 DOWN 0.6%SPAIN’S IBEX DOWN 0.7%EURO STOXX INDEX DOWN 0.6%,EURO ZONE BLUE CHIPS DOWN 0.6% Continue reading…
Live, rolling coverage of business economics and financial markets as Fed chair Jerome Powell says the central bank wants “greater confidence” that inflation will reach its target
Grocery inflation has dropped to its lowest level since September 2021, according to fresh data from market research firm Kantar.
Food inflation fell 1.6% in the four weeks to July 7, down from 2.1%, with toilet tissues, dog food and butter accounting for the largest fall in prices over the period.
England’s hopes might have been dashed on Sunday, but there was still some cause for celebration in the grocery industry.
Football fans drove beer sales up by an average of 13% on the days that the England men’s team played, compared with the same day during the previous week.
EUROPE’S STOXX 600 DOWN 0.5%
GERMANY’S DAX DOWN 0.6%
BRITAIN’S FTSE 100 DOWN 0.4%
FRANCE’S CAC 40 DOWN 0.6%
SPAIN’S IBEX DOWN 0.7%
EURO STOXX INDEX DOWN 0.6%,
EURO ZONE BLUE CHIPS DOWN 0.6%
