Cost Of Living

63% of Indian consumers cut back on non-essential spending: PwC report

Nearly half of Indian consumers said rising prices remain the biggest issue when shopping in-store

UK reveals measures to boost economy, eases cost-of-living burden

The UK has unveiled a clutch of measures to boost its struggling economy, including childcare reforms, tax cuts for businesses, and policies to ease the cost-of-living burden for households

UK inflation eases for a second month in December, falling to 10.5%

UK inflation eased for a second month in December, boosting confidence that the cost-of-living crisis has peaked. Consumer prices rose 10.5 per cent in the year through December, down from 10.7 per cent the previous month, the Office for National Statistics said on Wednesday. Inflation peaked at a 41-year high of 11.1 per cent in October. While the drop is welcome, inflation is still running at levels last seen in the early 1980s. UK prices are also rising faster than in other major industrialised nations. Inflation slowed to 6.5 per cent last month in the US and 9.2 per cent in the 20 countries that use the euro. Inflation soared after Russia's invasion of Ukraine fuelled sharp increases in food and energy prices, eroding savings and living standards. That has triggered a wave of strikes across Britain as nurses, train drivers, border guards and teachers demand pay increases and the government tries to prevent higher wages from triggering a second round of domestically driven ...

Inflation may be past peak but cost of living crisis far from over: Experts

Inflation is likely to have reached its peak in 2022 but there is no end in sight for the cost of living crisis, experts said on Tuesday. Speaking at a panel discussion during the World Economic Forum Annual Meeting 2023 here, they said those on low income and in the developing world will be grappling with high prices for years to come. Gita Gopinath, Deputy Managing Director of the International Monetary Fund, said, "we do believe that, in terms of headline inflation for the global economy, we think it peaked in 2022." Participants agreed that inflation is inextricably linked to the cost of living crisis and tackling inflation is key to easing the cost crunch in the long run. However, Gopinath warned, "even if inflation comes down, prices are high because we don't have deflation, we have lower levels of inflation. The prices have gone up. How much of an impact that has had on households and on consumption varies across countries." German Finance Minister Christian Lindner highlig

Global economy 2023: How countries are tackling the cost of living crisis

Inflation increased significantly in the US in late 2021 and early 2022, reaching levels higher than at any time in the last 40 years

Cost of living crisis, digital inequality among risks for India: WEF

Global Risks Report lists cost of living crisis and climate change as biggest global risks

Malaysian PM to use targeted subsidies to address high cost of living

Malaysian Prime Minister Anwar Ibrahim announced on Sunday that his government will review its use of subsidies to better help those most in need

New Zealand's cost of living for average households rises by 7.7% YoY

The cost of living for the average household in New Zealand increased by 7.7 per cent year on year, with increasing prices widely felt across all household groups in the September 2022 quarter

Cost of living pressure overtakes Covid as Australians' top concern: Report

The rising cost of living has overtaken Covid-19 as the top source of concern among Australians, a new survey revealed on Monday

The limits of CPI: It doesn't capture the true cost of living

Consumer price index boasts of a rigorous and robust design, but there are quite a few issues with it

Energy, inflation crises risk pushing big economies into recession: OECD

In a bleak report titled Paying the price of war, the Paris-based organisation noted that the conflict aggravated inflationary pressure when the cost of living was already rising quickly.

Curtains drawing on rising global house prices as interest rates grow: Poll

A runaway surge in global house prices is drawing to a close as interest rates rise along with the cost of living, according to Reuters polls of housing analysts

Commercial vehicle volumes to stay resilient as recovery takes hold in FY23

Margin pressures may continue on competitive pressures, input cost inflation

UK PM race: Rishi Sunak, Liz Truss feel heat over cost-of-living crisis

While Truss has pledged immediate tax cuts if elected, Sunak has promised more targeted support for the most vulnerable households and tax cuts further down the line.

Energy bills in UK forecast to hit $4,401 amid cost-of-living crisis

Households across the UK have been warned they could face an annual energy bill in excess of 3,600 pounds ($4,401) this winter

Mumbai, Delhi most expensive cities for expatriates in India: Mercer study

Among the cities, Kolkata has the lowest cost of daily necessities such as milk, breads, vegetables, etc., while Mumbai and New Delhi have the highest costs

Mumbai & Delhi most expensive cities for expatriates in India: Mercer Study

According to Mercer's 2022 Cost of Living survey, Mumbai (127) is the most costly city in India in terms of both living expenses and accommodation costs

UK PM Johnson claims to be on track to win next election amid rebellion

Johnson has been putting up a strong defence in the face of criticism over the partygate scandal and rising cost of living crisis

Spain unveils emergency economic measures to curb soaring living costs

The Spanish government has approved a package of emergency economic measures worth more than 9 billion euros to try to temper the economic fallout from Ukraine war, Prime Minister Pedro Snchez said

As inflation soars, Indians cut down spending on clothing and fuel: Survey

A majority of urban Indians said their cost of living went up to some extent as compared to a year ago, stated the survey conducted by YouGov