Georgia announces November Inflation Rates
Food prices saw the largest increase
Inflation
Iran's inflation rate reaches 38.9% in October
Iran recorded a rise in annual inflation this fall, with sharp increases in food and other essential goods.
Kazakhstan raises base rate to 18%
The Monetary Policy Committee of the National Bank of Kazakhstan has decided to raise the base rate to 18% per annum.
Turkish annual inflation cools further in August
Türkiye's annual inflation rate eased further in August, coming in just below 33%, official data showed on Wednesday.
Russian President calls inflation reduction major achievement
Annual inflation in Russia continues to slow, which is a major achievement, Russian President Vladimir Putin said during a meeting on economic issues.
Nabiullina: likelihood of key rate hike in future decreases
The Russian Central Bank does not rule out the possibility of raising the key rate if the pace and sustainability of the fall in …
Georgia records inflation growth in February
In February, Georgia recorded a rise in prices in annual terms, with the most noticeable inflationobserved in the hotel industry.
Turkish inflation dips to nearly 40%
The annual inflation rate in Türkiye slowed for a ninth consecutive month in February, falling below 40% for the first time since June 2023, with monthly prices also advancing less than anticipated, official data showed. Consumer …
Azerbaijani Central Bank keeps refinancing rate unchanged
The Central Bank of Azerbaijan made a decision to leave the refinancing rate unchanged at the level of 7.25%. According to …
Georgia tamed food inflation
Over the year, the prices grew by only 1.9%
Putin speaks on decline in inflation in Türkiye
The Russian President congratulated the Turkish leadership on the decline in inflation in the country. He recalled that the inflation rate is currently below 50%.
Georgia's inflation rate declines in September
The monthly inflation rate in Georgia amounted to 0.3% in September, while the annual figure stood at 0.6%, the National Statistics Office said. Prices for services in education increased by 4.4% month-on-month, contributing 0.22% …
Russia raises key rate to 19%
According to the decision of the Russian Central Bank's Board of Directors the key rate has been raised from 18% to 19%. In a press release, the Central Bank warns that the rate may be raised again at the next meeting.
Food prices rise in Armenia for first time in a year
Food prices have risen slightly in Armenia. Food prices are rising for the first time in more than a year, the EDB reports. However, overall inflation does not exceed the Central Bank's target.
Türkiye scares off tourists with its prices
Tourists from all over the world have begun to choose an alternative to Türkiye. The reason for this is the prices in the Turkish hotels and restaurants, which have almost doubled this year. They are much higher than even the galloping inflation in the country, the media writes.
Türkiye keeps interest rate at 50%
The discount rate remained unchanged in Türkiye. The decision was made by the Central Bank of the country. The rate will remain at 50%.
Azerbaijan lowers refinancing rate
The Central Bank of Azerbaijan lowered the discount rate today from 8% to 7.75% According to the bank, the top limit of the interest rate …
Turkish inflation quickens to highest level in 2023
Turkey’s consumer inflation accelerated to its highest level this year as household energy use exceeded state support for natural gas consumption. Prices rose an annual 62% through November. Monthly inflation was 3.28%, …
Türkiye raises minimum wage again
For the second time in 6 months, Türkiye will increase the minimum wage. It will grow by 34% from July 1. This decision will increase the purchasing power of citizens.
Bank of Russia forces 4-percent inflation
Inflation in Russia will return to target levels in 2024. In 2023, inflation will range from 4.5 to 6.5%
