Stories tagged “Inflation.”
30 stories
Taiwan's Consumer Price Index (CPI) rose 2.73% year-on-year in September, marking the fifth consecutive month it has surpassed the 2% inflation warning threshold and representing the largest increase in two and a half years. This surge is primarily driven by higher costs …
IMF Managing Director Kristalina Georgieva has warned that an energy shock, high public debt, and the rapid AI boom pose significant threats to global economic growth. She called for decisive action, particularly in advanced economies burdened by debt, suggesting interest…
Schools in Northern Ireland have been advised by the Education Authority (EA) to reduce heating and lighting, including telling staff and pupils to wear more clothes, to mitigate an anticipated £8m rise in energy bills by March 2027.
Vietnam's central bank acknowledged September's annual inflation of 5.08% is above target but asserts it remains under control despite pressures from global interest rate hikes and imported fuel costs.
IMF Managing Director Kristalina Georgieva warns that while AI promises significant economic growth, it also poses inflationary pressures and financial stability risks, exacerbating global debt challenges.
US President Donald Trump signed an executive order to alleviate high diesel costs for farmers, truckers, and businesses by expanding the tax-free use of red-dyed diesel and urging states to waive fuel taxes. This initiative aims to save millions for agricultural and tran…
Despite India's economy growing at over 7%, its stock market is among the worst performing globally in 2026, experiencing an eight-week losing streak. Foreign investors are withdrawing funds, and domestic investors are seeing their wealth erode due to factors like high oi…
Algeria: President Tebboune Denounces Soaring Food Prices, Blaming 'Intermediaries'
Algerian President Abdelmadjid Tebboune has strongly criticized intermediaries for exacerbating the rise in food prices, calling their actions a "crime against the people." He vowed swift government intervention to lower costs.
The latest US jobs report showed weaker-than-expected growth in September, with only 29,000 new jobs added, significantly below forecasts, and unemployment ticking up to 4.2%. This data has drawn sharp criticism from top Democrats, who blame President Trump's economic pol…
Dollar edge lower after softer-than-expected U.S. payrolls data
The U.S. dollar edged lower following softer-than-expected nonfarm payrolls data, easing fears of aggressive rate hikes, while the Japanese yen firmed on strong Tokyo inflation figures.
The average price of diesel in the UK has reached a record £2 a litre, significantly increasing costs for motorists and small businesses due to disruptions from the US-Israel war on Iran.
UK diesel prices have surpassed £2 a litre for the first time, while eurozone inflation has surged to a three-year high of 3.8%. World food prices are also near a four-year peak.
The average price of diesel in the UK has surpassed £2 a litre for the first time, according to the RAC, driven by ongoing disruptions from the Iran war and other global conflicts.
Diesel prices in Northern Ireland have reached their highest level since the Iran conflict began, with an average of 193.3p per litre, according to Consumer Council data. This surge is attributed to disruptions in wholesale oil production and transportation in the Middle …
Rising global memory chip costs are increasing India’s tech import bill and consumer device prices, though their low weightage in the CPI basket limits the broader economic impact.
The Reserve Bank of Australia has raised its cash rate to 4.6%, the highest since 2011, citing persistent inflation. Governor Michele Bullock stated further hikes are possible if needed to control rising prices, acknowledging the strain on households and businesses.
Asian currencies mixed as dollar holds high, Aussie slips after RBA hike
Asian currencies showed mixed performance as the U.S. dollar maintained a two-month high, driven by elevated Treasury yields and Fed tightening expectations. The Australian dollar slipped after a widely anticipated RBA rate hike, while the Japanese yen weakened despite in…
UK diesel prices have reached an all-time high of 199.18p per litre, according to the RAC, driven by ongoing conflict in the Middle East disrupting global oil supplies. This surge means filling an average family car with diesel now costs £110.
Chancellor John Healey will present Labour's first Budget on October 28, balancing household support with fiscal rules amid high borrowing costs. Speculation includes a first-time buyer scheme and potential Capital Gains Tax changes.
Dollar holds near two-month high as oil, data bolster Fed rate bets
The U.S. dollar is holding near two-month highs, poised for its strongest monthly gain since June, driven by surging oil prices and robust economic data that reinforce expectations for higher Federal Reserve interest rates.
U.S. debt sell-off extends on $106 crude oil and hawkish central bank outlooks
U.S. Treasury yields are rising to multi-decade highs, driven by persistent energy-driven inflation fears, with Brent crude above $106 a barrel, and hawkish stances from major central banks.
A Bank of England deputy governor warns that UK interest rates are increasingly likely to rise due to persistent high energy prices and inflation risks, while global bond markets face a sell-off.
Bolivia's economy, once thriving on fossil gas exports, is now grappling with soaring inflation and poverty as reserves dwindle, highlighting the perils of over-reliance on a single commodity.
U.S. 30 year yield hits 2004-high as bond rout deepens
U.S. Treasury yields surged to multi-year highs, with the 30-year yield hitting its highest since 2004, driven by robust business activity, elevated energy prices, and hawkish Federal Reserve signals.
Hungary’s central bank signals support for forint gains
Hungary's central bank has indicated that a stronger forint is crucial for achieving its revised inflation target, aiming to offset high services inflation and normalize wage growth.
India has reduced import duties on crude and refined edible oils, including palm, soy, and sunflower oils, to combat a 20% price surge over the past year and provide consumer relief ahead of the festive season.
Bitcoin Price Slips While US Treasury Yields Soar, Oil Prices Climb
Bitcoin's price declined on Wednesday as U.S. Treasury yields, particularly the 10-year, surged above 5% to levels not seen since 2007, while oil prices also climbed.
Dollar rises to nearly two-month high on firmer Fed rate hike bets, rout in bonds
The U.S. dollar strengthened to a nearly two-month high, driven by increased Federal Reserve rate hike expectations following robust U.S. economic data and hawkish comments from a policymaker, alongside a steep bond sell-off.
German households face rising heating costs in 2026, with oil and wood pellets expected to become significantly more expensive. Gas heating may see a slight decrease due to lower procurement costs and the absence of a storage levy.
UK government borrowing hit £18.3bn in August, exceeding forecasts by £2.7bn and the OBR's projection by £3.5bn, driven by higher inflation impacting public spending and a record debt interest bill. This creates a "fiscal straitjacket" for Chancellor John Healey ahead of …