Inflation rose in August as energy costs jumped

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The Bureau of Labor Statistics' Consumer Price Index rose in August thanks to a 5.6% month-over-month increase in energy prices. Consumers have been having to deal with the effects of higher oil (CL=F) and gasoline prices (RB=F). Yahoo Finance's Ines Ferre breaks down the data and what it may mean for future inflation data.

Germany's economic weakness is casting a flattering light on France's relative resilience that belies the otherwise middling performance of the euro zone's second-biggest economy, economists say. The European Commission said on Monday the two economies were on diverging paths this year with Germany forecast to be in a recession with a 0.4% contraction and France expected to grow 1.0%.

The world's second-largest economy has been struggling after a brief post-COVID recovery, dragged by huge debt due to decades of infrastructure investment and a property downturn, posing risks not only to itself but also to the global economy.

 

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