Americans grapple with soaring inflation
13 January 2022 | 10:43 am
Small business owners and shoppers in a Washington, D.C. neighborhood on Wednesday said they were struggling to adjust to rising prices, amid the highest inflation in nearly 40 years.
1 Nov 2022
The increase outpaced the predictions from economists. The European Central Bank hinted that another interest rate hike was likely on the horizon.
9 Nov 2022
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11 Nov 2022
Nigeria's inflation rate has hit a Seventeen year high. This is a report by the National Bureau of Statistics released in September 2022. GuardianTV takes an in-depth look at the reasons for the all-time inflation.
30 Nov 2022
The inflation rate in Europe's top economy dropped to 10% for November, preliminary data from Germany's federal statistics agency Destatis showed. This comes after hitting a record high in October.
The euro is performing better than expected with annual inflation dropping to 10% in November this year, partly due to energy prices. But experts are not overly optimistic.
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The head of Germany's central bank has said it will take until 2024 for inflation to decline sharply. Joachim Nagel said it would take time for the effect of higher interest rates to kick in.
China is scrambling to deal with a surge in coronavirus cases after Beijing's retreat from a zero-COVID policy. With much of the population unvaccinated, there are fears of mutations, high fatalities, and economic upset.
Consumers can expect more price rises in 2023 and 2024 as energy costs remain elevated, the head of a group of experts advising the German government said.
France's cost of living crisis shows signs of stabilizing, as inflation dropped from 7.1% to 6.7% in December. It's among the lowest levels in the Eurozone, but many households and businesses are still struggling. French bakers are asking for more financial aid, with the cost of flour up a staggering 45%.
France's cost-of-living crisis shows signs of stabilising, as inflation dropped from 7.1 percent to 6.7 percent in December. It's among the lowest levels in the eurozone, but many households and businesses are still struggling.
Inflation in the 19 countries using the euro stood at 9.2% year-on-year in December. Having peaked in October at 10.6%, a slight reduction in the pace of inflation is prompting hopes of the peak having passed.
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