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Japan prices turn higher, but BOJ's goal remains tall order

TOKYO (Reuters) - Japan's consumer prices rose in June for the first time in more than a year, a positive sign for the government's battle against deflation, but the rises centered on higher electricity bills rather than stronger demand that could drive a durable recovery.Full story

Rising Gas Prices Fuel a Jump in U.S. Consumer Costs

Gasoline prices in June rose by their highest rate in four months, fueling an overall rise in U.S. consumer prices. Full story

Inflation shows signs of stability after downward drift

WASHINGTON (Reuters) - Consumer prices picked up in June and underlying inflation pressures showed signs of stabilizing, keeping on course expectations the Federal Reserve will start reducing its bond purchases later this year. Full story

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Gasoline lifts consumer inflation in June

Business events scheduled for the coming week

India's stubborn retail inflation may spoil rate cut hopes

Fed's Fisher says not worried about drop in inflation

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Obama's fix would trim Social Security checks

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Americans are willing to pay more for Social Security

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Video

  Saving the social safety net

President Obama’s budget plan includes a proposal to implement “chained CPI.” Melissa Harris-Perry’s table talks about the plan and the resistance from within the President's own party as progressives launch an organized campaign against the proposal.