Inflation

Turkey's inflation hits new 24-year high beyond 80%

Turkey's inflation hits new 24-year high beyond 80%

Turkey's annual inflation climbed to a fresh 24-year high of 80.21% in August, a bit below expectations according to official data,after the central bank unexpectedly cut interest rates and stoked a cost-of-living crisis. Despite …

Euro zone annual inflation hits new record high in July

Euro zone annual inflation hits new record high in July

The Euro zone annual inflation hit a new record high of 8.9% in July, up from 8.6% in June, according to official figures on Thursday. The figure was 2.5% last year. The highest contribution to the annual euro area inflation …

Azerbaijan's Central Bank predicts gradual decline in inflation

Azerbaijan's Central Bank predicts gradual decline in inflation

According to forecasts, annual inflation in Azerbaijan will gradually decrease to single digits with a favorable change in external factors in 2023, Governor of Central Bank of Azerbaijan (CBA) Taleh Kazimov said at a press conference on …

EU cuts euro zone growth forecasts

EU cuts euro zone growth forecasts

The European Commission cut its forecasts for economic growth in the euro zone for this year and next and revised up its estimates for inflation on Thursday. The EU executive now predicts growth of 2.6% this year for the 19-country …

Inflation in Kazakhstan climbs to highest since 2015

Inflation in Kazakhstan climbs to highest since 2015

Kazakh President Kassym-Jomart Tokayev said that Kazakhstan has developed steadily despite complicated geopolitical challenges, according to Kazinform. In his address to the extended session of the Kazakh Government, the head of state …

Jeff Bezos clashes with Biden administration over inflation

Jeff Bezos clashes with Biden administration over inflation

After U.S. President Joe Biden called on companies running gas stations to lower the price of gas, Jeff Bezos accused the U.S. president of misleading the public or said he lacked a "basic" understanding of the forces that …

UK annual inflation reaches highest point since 1982

UK annual inflation reaches highest point since 1982

Annual inflation in the United Kingdom has accelerated to 9.1 percent in May, the Office for National Statistics (ONS) reported on Wednesday. "The Consumer Prices Index (CPI) rose by 9.1% in the 12 months to May 2022, up from 9.0% …

After Europe  and US inflation reaches Asia

After Europe and US inflation reaches Asia

Much of the world has been struggling to contain inflation, which has been running hot for many months. The average global inflation rate is now an alarming 7.4%

Biden says inflation is 'bane' of U.S.

Biden says inflation is 'bane' of U.S.

U.S. President Joe Biden called inflation the “bane” of the U.S. in an appearance on a late-night talk show, and said that high food and gas prices could be offset by legislation lowering the cost of prescription drugs and …

Turkish consumer inflation soars to 73.5%

Turkish consumer inflation soars to 73.5%

Turkey’s May consumer inflation came in lower than expected, but newly announced gas and electricity hikes bode a renewed resurge in prices across the board.

Euro-Zone inflation hits record

Euro-Zone inflation hits record

Euro-zone inflation accelerated to an all-time high, intensifying the debate at the European Central Bank about how rapidly to raise interest rates from record lows. Consumer prices jumped 8.1% from a year earlier in May, after …