Nigeria’s economy: recovery or fluke?

Inflation is a major concern in Germany, where the rate is currently at around 7.9%. Energy and food costs have risen sharply, and the winter months are approaching.

The latest data shows that inflation rose on average to 10.9% across the European Union. The figures come as inflation in the UK hit a 40-year high.

Inflation in the UK has spiked back to its 40-year high of 10.1% as households and businesses continue to struggle with soaring food and energy prices. The data come "despite the Bank of England trying to turn down the heat on this bubbling pot of prices", says Susannah Streeter, Senior Markets Analyst at Hargreaves Lansdown. The figures will add more pressure to the struggling government of Prime Minister Liz Truss.

Amid a push in France to index salaries to inflation, we take a look at the potential risks and benefits of such measures, which exist in a number of European countries. Also, with Adidas dropping Ye, the artist formerly known as Kanye West, over hate speech and repeated scandals, both the sportswear giant and the artist are expected to weather financial losses.

The increase outpaced the predictions from economists. The European Central Bank hinted that another interest rate hike was likely on the horizon.

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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.

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.

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.

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%.