The annual rate of inflation in Australia has fallen within the Reserve Bank's target range for the first time in three years. The Consumer Price Index (CPI) has fallen to 2.5 per cent, down from the previous annual rate of 3.7 per cent.

In the next 60-90 days, we will know whether or not we have started the first full-fledged deflationary wage-price spiral in over 70 years. If that happens, it will make the entire crisis up until now feel like a walk in the park. This morning the BLS reported that Consumer prices in December fell ( - 1.0 %) on a non - seasonally adjusted basis.

The cost of living in the United States fell by a record amount in November, as the price of gasoline and other goods dropped sharply as Americans hit by recession cut their demand.

Consumer prices rose by .8% last month, more than double analysts expectations. Of course, with artificially low interest rates one can’t really expect anything different; but it does make it damn clear that the Federal Reserve has nowhere to go but up with interest rates.

China's inflation rate has continued to accelerate, with the consumer price index (CPI) up 8.7 percent year-on-year in February, the biggest jump in nearly 12 years, the National Bureau of Statistics (NBS) said on Tuesday.

The Chinese government will increase subsidies to low-income urban and rural families amid rising prices, said Wang Zhikun, an official with the Ministry of Civil Affairs (MCA), on Tuesday.

This week's big political and economic focus will be inflation and whether official data out on Wednesday will trigger an interest rate rise in the middle of the election campaign. All eyes will be on the Consumer Price Index (CPI) for the September quarter.

China is experiencing its highest consumer prices in more than a decade. Escalating food costs are hitting the country's poor majority the hardest. China's National Bureau of Statistics says consumer prices jumped 6.5 percent in August from the same period last year.