Global Inflation

Inflation and its discontents

Central banks are incapable of dealing with the political and economic outcomes of inflation, and the sooner this is recognised, the less dangerous the consequences will be going forward

G20: War in Europe did not cause global inflation, says Russian Sherpa

"Unless the G7 nations stop bringing attention to issues which have nothing to do with G20, it will be difficult to reach an agreement on the final Leaders Declaration at the end of the year"

Rising sugar prices posing threat, putting pressure on global inflation

The jump in sugar prices has already worsened the impact of inflation in the UK with shoppers paying more for baked goods, sweets and fizzy drinks

Dollar holds near three-month highs on rates outlook by Jerome Powell

The yuan weakened after the government reported unexpectedly low inflation

European inflation eases slightly, consumer pain from higher costs persists

Inflation eased only slightly in the 20 countries that use the euro currency as the pain from higher costs for food and fuel persists and gives the European Central Bank no reason to slow interest rate increases aimed at getting prices back under control. The consumer price index reached 8.5 per cent in February compared with a year earlier, a drop from 8.6 per cent in January, the European Union's statistics agency Eurostat said Thursday. The figure was higher than analysts' expectations of 8.3%. Inflation is down from its peak of 10.6 per cent in October but its persistence has surprised economists, with figures from Germany, France and Spain coming in higher than expected this week. Prices for food, alcohol and tobacco rose 15 per cent, up from an already painful 14.1 per cent in January, outpacing even energy costs amid Russia's war in Ukraine. Energy prices grew 13.7 per cent from a year ago but were lower than the 18.9 per cent boost in January. Higher prices for natural gas,

Stocks, Euro register fall after stubborn Euro zone inflation data

MSCI's broadest index of world shares dipped 0.2%, hovering near 7-week lows. The STOXX 600 index slid 0.3% and Wall Street's S&P futures were down 0.6%

Oil gains on demand growth from China, but European inflation remains high

China's seaborne imports of Russian oil are set to hit a record high this month as refiners take advantage of cheap prices

Hike in LPG rates, power tariffs a blow to the middle class: Akhilesh Yadav

Samajwadi Party (SP) president Akhilesh Yadav has termed the increase in prices of cooking gas as another blow to the middle class, which is already reeling under the burden of rising prices

Sri Lanka's key inflation rate eases to 50.6% in February: Colombo CPI

(Reuters) -Sri Lanka's key inflation rate eased to 50.6% in February from 51.7% in January, the statistics department said on Tuesday, as food prices eased

Onion prices soar, shortage threatens a new chapter in world food crisis

Prices are soaring, fueling inflation and prompting countries to take action to secure supplies. Morocco and Turkey have halted some exports, as has Kazakhstan

IMF predicts global inflation set to drop this year amid subpar growth

The International Monetary Fund (IMF) released the latest World Economic Outlook report this week where they predicted that global inflation is set to drop this year amid subpar economic growth

Inflation eases slightly to 10.5% in Dec: UK national statistics office

The annual inflation rate for transport was 6.9 per cent in December, down for a sixth consecutive month, and the main driver behind the easing came from motor fuels, the ONS said

Egypt's inflation surges on amid currency's dramatic slide, say statistics

Egypt continues to battle surging inflation amid a dramatic slide of its currency as many Egyptians struggle with price hikes, the country's statistics bureau said on Tuesday. The state-run Central Agency for Mobilisation and Statistics released figures showing that the annual inflation was at 21.9 per cent last month, up from 19.2 per cent in November. That's compared to 6.5 per cent in December 2021, before inflation ballooned in 2022, following the outbreak of Russia's war on Ukraine that rattled the world economy. Prices in Egypt rose across many sectors, from food items and medical services to housing and furniture. Food prices increased by 4 per cent on the average in December, with fruits and dairy products leading the list with 7.6 per cent and 6.4 per cent spikes, respectively. The higher inflation has inflicted heavy burdens on consumers, especially lower-income households. Nearly 30 per cent of Egyptians live in poverty, according to official figures. Most of Egypt's mo

Dealmaking slips by almost a third in 2022 marked by volatility, inflation

Companies announced $3.5 trillion of deals in 2022, according to data compiled by Bloomberg

Canada's inflation steady at 6.9% in Oct: National statistical agency

According to Statistics Canada, in October, higher prices at the gas pump put upward pressure on the all-items CPI

Inflation, Ukraine war make world economy gloomier than last month: IMF

In last month's WEO, IMF cut its forecast for global growth next year to 2.7%, from 2.9% seen in July and 3.8% in Jan, adding that it sees a 25% probability that growth will slow to less than 2%

Analysts see more legs to the market rally amid intermittent corrections

Analysts think it will not be a runaway rally from here on as the market valuations seem expensive

Rupee slides 38 paise against dollar as traders jittery before US CPI

Over the last three days of trade, the rupee had strengthened sharply against the US dollar, climbing to one-month highs. The domestic currency was at 82.89 on November 3

Turkish inflation tops 85% driven by surge in food prices, energy costs

Turkish annual inflation accelerated for the 17th month in a row in October, driven by a surge in food prices and energy costs, to its likely peak during President Erdogan's two decades in power

Inflation struck European firms seek most emergency funds since pandemic

Firms grappling with high inflation and soaring operating costs are seeking fresh short-term liquidity lines in an echo of the worst days of the 2020 coronavirus pandemic