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Germany’s annual inflation rate stood at 10% in September, the highest on record since the country’s reunification in 1990, according to official data released on Thursday. “Enormous price rises for energy products …
Annual inflation in Russia slowed down to 13.49% from September 27 to August 3 from 13.71% a week earlier, the Russian Ministry of Economic Development says in its price review. "The moderate price increase was registered over the …
In the past, locals used to buy only durables in installments
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 …
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 …
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 …
UK inflation hit a new 40-year high in June, intensifying the cost of living crisis and heaping pressure on the Bank of England to deliver an aggressive interest-rate increase next month. Consumer prices rose 9.4% from a year earlier, …
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 …
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 …
The US dollar has been on a major surge against major global currencies in the past year, recently hitting levels not seen in 20 years
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 …
Record energy prices drove the inflation rate for the countries using the common European currency to 8.6 percent in the year through June
“Stagflation” is an ugly word for an ugly situation – the unpleasant combination of economic stagnation and inflation
UK retail sales dropped in May as squeezed households cut back on food spending amid spiralling prices. Retail sales volumes across Great Britain fell by 0.5% in May from April, driven by a slump in food sales which dropped 1.6%, …
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% …
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%
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 …
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.
GDP probably expanded at slowest rate since 2020 last quarter
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 …
