Euro Zone Inflation Touches Record High 10% in 19 EU Countries
As per the reports, this month, Eurozone inflation zoomed past forecasts to hit a fresh record high, reinforcing expectations for another huge interest rate hike...
Tag : inflation
Co-Op Faces Supply Chain Snag amid Rising Inflation
On Thursday, Britain’s Co-operative Group reported a sharp drop in its interim profit. The grocery-to-funerals and legal business provider faces supply chain snags because of...
Spanish September Inflation Down to 9.3% on Transport, Energy
On Friday, National Statistics Institute data showed that Spanish prices surged 9.3 per cent in the 12 months to September, registering a decline of more...
Boohoo Shares Slide After Surging Inflation Hits HY Core Profit
On Wednesday, London-listed shares in Boohoo Group PLC (LON:BOOH) declined sharply after the company reported a steep decline in half-year core profit and cut its...
Thailand Central Bank Increases Rate Again, Keeps 2022 Growth Outlook
On Wednesday, Thailand’s central bank hiked its key interest rate for a second meeting to curb 14-year high inflation and ensure continued economic recovery. However,...
Bank of Tanzania to Reduce Liquidity to Tackle Inflation
Tanzania’s central bank is likely to lower liquidity in the economy in September and October to slow increasing inflation in the east African country. The...
Polish Inflation Could Surge in September, Finance Minister Says
On Saturday, Poland’s finance minister Magdalena Rzeczkowska said that inflation in Poland could rise slightly in September. Rzeczkowska also asserted that she believed inflation would...
Canadian Inflation Rate Slows to 7.0%
On Tuesday, Statistics Canada data showed that Canada’s annual inflation rate eased in August, and the index dropped on a month-over-month basis for the first...
Gold Prices Fall in Indian Market to Near 6-Month Low
On Monday, Gold prices in India extended losses after falling 0.3 per cent in the futures market. On MCX, gold futures were down 0.3 per...
Italy Government Brings $14 Billion Aid Package Against Inflation
On Friday, Italy approved an aid package worth some 14 billion euros (USD 14 billion) to shield companies and families from rising energy costs and...