Last month, the Peterson Institute for International Economics predicted that Trump’s policies would drive consumer prices sharply higher two years into his second term. Peterson's analysis concluded that inflation, which would otherwise register 1.9% in 2026, would instead jump to between 6% and 9.3% if Trump's economic proposals were adopted.

In meandering Chicago remarks, Donald Trump suggested that he knew better than the experts on an economic policy he's put front and center.

Several mainstream economists warn that Donald Trump's plans if elected to impose huge tariffs on imported goods, deport millions of migrant workers and demand a voice in the Federal Reserve's interest rate policies would likely send prices surging.

Inflation in the U.K. has fallen to its lowest level in more than three years, a drop that has cemented market expectations that the Bank of England will lower interest rates at its next policy meeting.

Britain's annual inflation rate fell to a three-year low in September, official data showed Wednesday, fuelling speculation that the Bank of England will resume cutting interest rates next month.

Inflation dropped below the Bank of England target rate last month for the first time since April 2021, according to new figures. The Office for National Statistics (ONS) said Consumer Prices Index (CPI) inflation fell to 1.