[ad_1] That is a sharp shift from just a week ago, when Chair Jerome Powell suggested to a Senate committee that if inflation didn’t cool, the Fed could raise its benchmark interest rate by a substantial half-point at its meeting March 21-22. When the Fed raises its key rate, itContinue Reading
[ad_1] New Delhi: Retail inflation in India remained above RBI’s 6 per cent upper tolerance band for the second straight month in February 2023, with the Consumer Price Index pegged at 6.44 per cent, government data released on Monday showed. The retail inflation in rural and urban India was 6.72Continue Reading
[ad_1] Inflation is a general rise in the price level of an economy over a period of time (Representative Image) New Delhi: Retail inflation dipped marginally to 6.44 per cent in February, mainly on account of a slight easing in prices of food and fuel items, as per government dataContinue Reading
[ad_1] Cairo: Egypt’s annual inflation nationwide reached 32.9 per cent in February 2023, the highest rate since the end of 2017, according to an official report. The prices of food and beverage went up by 61.5 per cent, transportation, by 19.4 per cent, healthcare, by 16.8 per cent, and clothesContinue Reading
[ad_1] Press play to listen to this article Voiced by artificial intelligence. BRUSSELS — The European Parliament’s Socialists are warily eyeing their colleagues and assistants, wondering which putative ally might turn out to be a liar as new details emerge in a growing cash-for-favors scandal. Long-simmering geographic divisions within theContinue Reading
[ad_1] Karachi: Pakistan’s annual inflation, measured by the Consumer Price Index (CPI), soared to a record high of 31.55 percent in February, compared to 27.6 percent in the previous month, driven by massive increases in food and transport prices, local media reported. According to Arif Habib Corporation, this is theContinue Reading
[ad_1] I. Martin Prices increased due to the rise in energy and food, but the Government rules out taking further measures for now Prices marked their highest data in February since November 2022, with an inflation rate two tenths higher than in January, reaching 6.2%. According to the data releasedContinue Reading
[ad_1] The effects of a weak currency can be seen in Swedes’ commercial invoices. in Sweden the price of food has risen faster than in Finland and other northern neighboring countries. In January, food became more expensive in Sweden by almost 20 percent compared to a year ago, says theContinue Reading
[ad_1] Press play to listen to this article Voiced by artificial intelligence. LONDON — Joe Biden’s “protectionist” Inflation Reduction Act won’t help the U.S. counter the rise of China and could create a “single point of failure” in key supply chains, Britain’s trade chief Kemi Badenoch warned. Speaking at aContinue Reading
[ad_1] Islamabad: The Pakistan government under Prime Minister Shehbaz Sharif dropped another bomb of inflation on the masses on Thursday as it jacked up petrol price by Rs 22.20 per litre and increasing gas price by at least 124 per cent, plunging the already inflation-hit people into further stress andContinue Reading