Inflation

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Can tourism ease the inflation pressure in Turkey?

Can tourism ease the inflation pressure in Turkey?

A mix of soaring inflation and a currency that's lost nearly half its value has created a cost of living crisis in the country. Inflation surged to 48.7% in January, after reaching 36% in December.  But some economists think the …

Georgia's annual inflation rate rose to 13.9%

Georgia's annual inflation rate rose to 13.9%

The Consumer Price Index in Georgia increased by 1.1% in January 2022 compared to the previous month, while the annual inflation rate stood at 13.9%, the latest inflation data of the National Statistics Office of Georgia (Geostat) shows. …

Erdoğan promises Turkish citizens to control inflation

Erdoğan promises Turkish citizens to control inflation

Today, speaking at the opening ceremony of the Konya-Karaman high-speed train line, Turkish President Recep Tayyip Erdoğan promised to solve the problem of high prices and inflation in the country in the near future. "The problem …

Putin spoke about the decline in unemployment in Russia

Putin spoke about the decline in unemployment in Russia

Russian President Vladimir Putin at the "Russia Calling!" forum reported that a new wave of COVID-19 incidence caused by the emergence of a new strain has raised questions about the pace of global economic recovery. “Of …

Erdogan vows to end scourge of interest, inflation

Erdogan vows to end scourge of interest, inflation

Turkey’s president Recep Tayyip Erdogan said he would drive away the scourge of interest from the nation. "Those who defend interest among our friends should not take offense. I cannot and will not be with the one …

Armenian central bank raises key rate

Armenian central bank raises key rate

Armenia’s Central Bank said today its Executive Board has raised the key refinancing rate by 0.5 percentage points, setting it at 7%. It said also that the Lombard repo rate provided by the Central Bank is 8.5%, and the rate on …

Turkish Central Bank cuts year-end inflation forecast to 14.6%

Turkish Central Bank cuts year-end inflation forecast to 14.6%

Turkey's Central Bank lowered its year-end inflation outlook for 2019 at 14.6%, down from the previous 15.2%. According to the bank, in 2019 inflation is expected to be between 11.9% and 17.3%, with a median of 14.6%, at the end of …

Inflation in Moscow sets new historical minimum in 2016

Inflation in Moscow sets new historical minimum in 2016

Inflation in Moscow reached a new historic low of 7.8% by the end 2016, the press service of the Moscow department of economic policy and development. Over the past year the economy of Moscow has managed to successfully adapt to …

Fitch downgrades inflation forecast for Azerbaijan

Fitch downgrades inflation forecast for Azerbaijan

The International Ratings Agency Fitch Ratings has downgraded the forecast on inflation in Azerbaijan from 14 to 11.5 percent and from 7 to 6 percent, respectively in 2016 and 2017. Fitch report says that the inflation in the country is …

Kazakh National Bank forecasts inflation at 8% in 2016

Kazakh National Bank forecasts inflation at 8% in 2016

The National Bank of Kazakhstan forecasts inflation at a level no higher than 8% in 2016, the head of the National Bank of Kazakhstan Daniyar Akishev said at the Astana Economic Forum. "The National Bank's …

Weak ruble ceased to whip on inflation

Weak ruble ceased to whip on inflation

The slowdown in inflation from 0.031% in January to 0.021% in February 2016 indicates that the devaluation effect has exhausted itself, experts note. "We believe that the effect of the devaluation of the ruble has either been …

Future of Russian economy discussed in Krasnoyarsk

Future of Russian economy discussed in Krasnoyarsk

Krasnoyarsk is hosting its annual economic forum, the first took place in 2004. This time its theme was declared as: "Russia: Strategy 2030". Forum participants will develop their proposals for the establishment of a working mechanism of …