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Inflation

Surging Food Prices Drive India’s Retail Inflation Higher Than Anticipated in June

INDIA: Surging food prices boosted India's annual retail inflation rate in June, interrupting four months of easing and removing any hope of a rate...

‘Stubborn’ Food Inflation Makes U.S. Shoppers Cut Back on Purchases of Other Goods

UNITED STATES: As American consumers stomach rising food prices, they are reducing purchases of other goods like toys, housewares, and clothing, which is a...

Spain’s Unemployment Rate Spikes up to 12.67% in Q3 Amid High Inflation

SPAIN: Unemployment rates have spiked in Spain as numbers went up to 12.6% in the third quarter from 12.48% in the previous quarter. Overall...

Soaring Inflation in Australia Hits Record 32-year High

AUSTRALIA: Amidst a severe crisis of food grains and energy resources due to the raging Russia-Ukraine conflict, international markets and foreign economies have been...

Food Price Increases Drive UK Inflation Back to a 40-Year High

UNITED KINGDOM: British inflation returned to double digits last month, matching a 40-year record reached in July, dealing consumers already facing a cost-of-living crisis...

Ford Loses 11% of Its Value following an Inflation Warning

UNITED STATES: A day after the automaker revealed that part shortages caused delivery delays and that inflation-related costs would be $1 billion higher than anticipated...

Nigeria’s Inflation Rate Surges To 19.64 Per Cent, Highest in 17 Years

AFRICA. Nigeria: The National Bureau of Statistics (NBS) citing Consumer Price Index (CPI) has disclosed that Nigeria's inflation rate hit 19.64 per cent in...

Inflation in the US Drops Marginally in July to 8.5%

UNITED STATES: After U.S. inflation data revealed that monthly consumer price growth increased at a slower pace than predicted, dampening expectations of an aggressive...

RBA Is Set To Increase Cash Rate Target By 50 Basis Points To 1.85% As Inflation Expected To Peak

AUSTRALIA: As per reports from the office of Philip Lowe, Governor of the Reserve Bank of Australia, the Board has decided to increase the...

“Global Economy Teetering on Edge of Recession”: IMF Issues Warning

INDIA: The International Monetary Fund (IMF) has announced that the world is "teetering" on the edge of a global recession. The remarks come at...

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