Tag Archives: Inflation

Soaring inflation across the UK has caused “acute distress” to Britons, Finance Minister Rishi Sunak has said, stressing that the Bank of England must take “decisive action” to get prices back under control. Addressing the House of Commons on Thursday, Sunak was at pains to say that “the high inflation …

Russian President Vladimir Putin said Thursday that Western countries were worse hit by sanctions imposed on Moscow over Ukraine than Russia, which he insists has been resilient in the face of “external challenges.” Western countries have slapped Russia with a barrage of unprecedented sanctions after Putin sent troops into neighboring …

With most Americans focused on economic woes at home, a majority told the survey they were fine with Ukraine losing to Moscow

Ukraine war takes toll on economy of European countries using the euro as inflation reaches record levels and output weakens. Inflation in the eurozone hit a new record this month while growth slowed during the first quarter of the year, according to official data, as the war in Ukraine takes …

Amid reports that consumer confidence is touching an all-time low in the UK, the French finance minister has predicted “a new era of higher inflation” for France and partner countries. Bruno Le Maire was quoted as saying by BFM TV on Friday that inflation will be high in 2022 in …

Inflation hit a fresh 40-year record in March as U.S. consumer prices rose 8.5% from a year ago, the Labor Department said on Tuesday. The Consumer Price Index, which tracks a basket of goods and services, jumped 1.2% in March after increasing 0.8% in February, showing that inflation gained speed …

President Tayyip Erdogan said he had lowered Turkey’s inflation to around 4% before and that he will achieve that again soon as annual price rises exceeded 21% due to his push for aggressive monetary easing that has sent the lira crashing. Erdogan has said the new policy based on low-interest …

The US annual inflation has hit a 30-year high amid the coronavirus pandemic as well as the glitch in the country’s supply chain. According to the latest statistics, the consumer price index (CPI) rose 6.2 percent in the US federal government’s fiscal year, which runs from Oct. 1 to Sept. …

Turkey’s consumer price inflation fell to a lower-than-expected 11.76% year-on-year in July, official data showed on Tuesday, reversing two months of rising inflation as the economy continued to emerge from lockdown. The figures boosted the lira TRYTOM=D3, which firmed to 6.9270 against the dollar. The currency weakened last week to …