Page 4 - Global Inflation

Cryptoverse: The funds making moolah from the messy markets amid inflation

The crypto market's a hot mess, leaving many investors struggling to turn a buck

Oil prices slide on Beijing Covid warning, global inflation concerns

Oil prices slipped more than $2 on Monday as a flare-up in Covid-19 cases in Beijing quelled hopes for a rapid pick-up in China's fuel demand

Inflation, Russia-Ukraine war, refugee crisis draw G7 leaders' focus

German Finance Minister Christian Lindner, the meeting's host, told reporters ahead of the meeting that Ukraine will likely need a number of double-digit billion euros over the coming months

Data puts Turkey's annual inflation rate at 73.5%, at a 24-year high

Annual inflation in Turkey hit 73.5 per cent in May, the highest rate since 1998, according to official data released on Friday as a cost-of-living crisis in the country deepens. The Turkish Statistical Institute said the rate represented an increase of almost 70 per cent from the month before. Consumer prices were up nearly three per cent from April, the institute reported. While many countries are seeing rising consumer prices, critics blame Turkey's problems on President Recep Tayyip Erdogan's economic policies. The Turkish leader insists that high borrowing costs cause inflation - a position that contradicts established economic thinking - and advocates lowering interest rates to boost growth and exports. Turkey's central bank has cut rates by five percentage points since September, to 14 per cent before pausing them in January. The Turkish lira lost 44 per cent of its value against the US dollar last year. Russia's invasion of Ukraine, which led to a surge in gas, oil and gra

Gold prices edge up from 2-week low as inflation worries persist

(Reuters) - Gold prices inched up from a two-week low on Wednesday, supported by worries over rising inflation, although a stronger dollar and rising U.S. yields kept gains in check.

China in danger of exporting fresh inflation turmoil, shows survey

China's Covid-zero strategy is set to stay in place for the rest of the year, intensifying the world's supply-chain woes and challenging efforts by central bankers to rein in inflation

Sri Lanka PM Wickremesinghe stresses urgency for economic reform plan

Sri Lanka's PM Ranil Wickremesinghe said that he will quickly prepare an economic reform programme and seek approval from the International Monetary Fund

India looking at spending Rs 2 trillion more to fight inflation: Report

To fight the ongoing inflation in the global market, India is looking at spending an additional 2 trillion rupees and balance the national economy

India wants WTO to play its role in containing global inflation

The 12th ministerial conference, the highest decision-making body of the WTO, is scheduled to meet on June 12-15 in Geneva

Rupee at all-time low of 77.5 as high inflation triggers rate hike fears

The rupee plunged by 25 paise to close at its lifetime low of 77.50 as the dollar touched a fresh two-decade high amid global risk-averse sentiment and a higher-than-expected US inflation

US consumer prices slow in April; inflation stays elevated at 8.3%

The consumer price index rose 0.3% last month, the smallest gain since last August, as Fed readies for more aggressive tightening

Gold prices retreat as dollar resumes uptick; US inflation data eyed

Spot gold was down 0.4% at $1,845.89 per ounce by 12:50 p.m. EDT (1650 GMT), after rising as much as 0.6% earlier in the session

Global economy to expand more slowly as inflation bites: Reuters poll

Even without those future risks, median forecasts for global growth collected in this month's Reuters polls on over 45 economies were chopped to 3.5% this year

Hungarian govt extends price cap on fuel and staple food till July 1

According to the latest official data, the inflation rate in Hungary stood at 8.5 per cent in March, well over the 3 per cent target set by the Hungarian National Bank (MNB)

Nomura sees 75bps Fed hike in June, July; markets will absorb it: Analysts

Following the two 75 bps hikes in June and July, Nomura expects the US Fed to hike rates by 25 bps at every meeting scheduled in 2022 and 2023

World faces human catastrophe due to Russia-Ukraine war: David Malpass

World Bank President David Malpass said said that if the war continues, there will be record increases in food prices which would push hundreds of millions people into poverty and lower nutrition

Soaring food, energy prices reach Asia to bring global inflation in sync

The turning point was Russia's invasion of Ukraine, which triggered an upheaval in commodities markets.

Gold up on prospects of more sanctions on Russia, higher inflation

Gold is highly sensitive to rising U.S. interest rates, which increase the opportunity cost of holding non-yielding bullion while boosting the dollar, in which it is priced.

Fed hiking cycle: What next?

We may need to be prepared for greater volatility in asset markets and no Fed riding to the rescue to save markets

Markets are pricing in 25 bps US Fed rate hike: Analysts

On its part, the US has been battling a spike in inflation that hit 7.9 per cent in February - a four-decade high. The CPI has not been the highest since January 1982, when it hit 8.4 per cent