Inflation

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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 …

Turkey's inflation surges to 20-year high of 70% in April

Turkey's inflation surges to 20-year high of 70% in April

Turkey's annual inflation jumped to 69.97% in April, above forecast and at a two-decade high, according to data on Thursday. The currency slide was triggered by a 500 basis point-easing cycle which began last September under …

Inflation in Georgia may slow down

Inflation in Georgia may slow down

Inflation in Georgia will be 9.9 percent this year. This estimate is given by the International Monetary Fund (IMF). According to its report, inflation in Georgia will slow down to 5.1 percent in 2023, and to 3 percent in …

Food crisis threatens Dagestan

Food crisis threatens Dagestan

According to the Institute for the Development of Entrepreneurship and Economics, in 2022, Dagestan may face food problems. According to experts, the cause of the crisis will be a sharp rise in food prices. For the first two months of …

UK inflation hits 30-year high

UK inflation hits 30-year high

British consumer price inflation leapt to its highest level in three decades last month, intensifying the pressure on embattled Prime Minister Boris Johnson and his finance minister Rishi Sunak to ease the cost-of-living squeeze. The …

Germany's annual inflation at 7.3% in March

Germany's annual inflation at 7.3% in March

Germany's annual inflation rate was at 7.3% in March, the highest since 1981, the Federal Statistical Office's (Destatis) data showed on Tuesday. On a monthly basis, consumer prices went up by 2.5% in March, Destatis added. …

Inflation in Turkmenistan to slow down in 2022

Inflation in Turkmenistan to slow down in 2022

Inflation in Turkmenistan is projected at 13% in 2022, and 10% in 2023, Trend reports with reference to the Asian Development Bank's (ADB) report - Asian Development Outlook 2022. According to ADB forecasts, the …

Sharp inflation may trigger mass rallies in UK

Sharp inflation may trigger mass rallies in UK

On Saturday, activists from the National Assembly movement will hold large-scale protests in major UK cities due to a sharp increase in the cost of everyday expenses. According to the press service of the movement, the society is …

UK credit card borrowing surges amid cost of living crisis

UK credit card borrowing surges amid cost of living crisis

A surge in credit card borrowing to a record high in the United Kingdom last month has prompted concerns that low-income households are turning to expensive forms of lending to cope with rising costs of food, clothing and fuel, The Guardian …

India raising fuel prices

India raising fuel prices

Recently, 298 Indian students blockaded near Kharkov were evacuated. In total, more than 13,000 Indians have been brought back as part of its evacuation efforts. But the economic situation in India is also deteriorating. India will …

How Ukrainian crisis affected Turkish lira

How Ukrainian crisis affected Turkish lira

Turkey’s annual inflation rose more than expected to 54.44% in February, official data showed on Thursday, with Russia's operation in Ukraine raising concerns of further price pressure

Erdogan names Turkey's main problem

Erdogan names Turkey's main problem

Turkey’s president Recep Tayyip Erdogan announced a set of measure that aim to bring relief to households and businesses reeling from soaring electricity bills. In a televised address following a Cabinet meeting, Erdogan …

Erdogan cuts VAT on food to fight inflation

Erdogan cuts VAT on food to fight inflation

Turkish President Recep Tayyip Erdogan announced a reduction in VAT on basic food products from 8% to 1% to fight inflation and support the population of the republic. He noted that the panic caused by exchange rate fluctuations in the …