"The past few years were unlike anything we'd experienced before, and none of it was easy. But we believe inflation will once again fade into the background as it settles back at 2%," Mendes said.

Asian share prices advanced on Friday as a shock from a surprisingly strong U.S. inflation reading ebbed, with investors hopeful that the worst price hikes could be soon over.

That was especially true in 2022, when US inflation hit 9.1%, its highest annual rate in more than 40 years. As of last month, annual inflation was 3.4%, according to the Consumer Price Index.

As it studies cosmic microwaves, the Simons Observatory in Chile aims to help prove or disprove cosmic inflation, a notion that the universe expanded rapidly in the moment after the Big Bang. Two ...

FRANKFURT, Germany (AP) — Inflation ticked up to an annual 2.6% in Europe in May. The new figure released on Friday is more than expected as a painful spike in consumer prices takes its time to ...