inflation

BSP raises interest rates for third straight month to curb inflation, effectively raising borrowing costs

  (Eagle News) – The Bangko Sentral ng Pilipinas set its key policy rate at 3.25 percent, after the Monetary…

White House expects June inflation to be ‘highly elevated’

  The White House said it expects June inflation data due out on Wednesday to be "highly elevated," hours before…

Argentina turmoil sparks panic buying and price hikes

by Sonia Avalos Agence France-Presse BUENOS AIRES, Argentina (AFP) -- A political crisis in inflation-ravaged Argentina that was sparked by…

Highest since Oct. 2018: PHL inflation rises to 6.1 percent due to food, transport price rise

Pres. Marcos Jr., says inflation is currently a problem everywhere, disagrees with the 6.1 percent inflation rate cited by PSA…

Eurozone inflation soars in June to record 8.6%

BRUSSELS, Belgium (AFP) -- Eurozone inflation accelerated to another record high in June, official data showed on Friday, as the…

Bankrupt Sri Lanka’s inflation jumps beyond 50%

COLOMBO (AFP)  - Sri Lanka's inflation hit a ninth consecutive record in June, official data showed Friday, rising to 54.6…

Biden to call for three-month suspension of federal gas tax as prices skyrocket

WASHINGTON, June 22, 2022 (AFP)   US President Joe Biden will ask Congress Wednesday to suspend the federal gas tax…

Is recession the only way out of US inflation scourge?

by Heather Scott  Agence France-Presse WASHINGTON, United States (AFP) -- A massive interest rate hike by the US Federal Reserve…

Australia hikes minimum wage as inflation soars

SYDNEY , Australia (AFP) -- Australia raised the minimum wage by over five percent on Thursday, a slower-than-inflation increase as…

Keeping China fed as inflation surges brings risk for commodity prices

by Beiyi Seow Agence France-Presse BEIJING, China (AFP) -- Bedevilled by high fuel and fertilizer costs, along with a labor…

Markets dive on inflation woes as dollar spikes against yen, rupee

  HONG KONG, China (AFP) -- Markets tumbled in Asia and Europe on Monday to extend a global rout while…

Global food prices fall again but wheat soars

World food prices fell slightly for the second consecutive month in May but wheat prices rose again as Russia's war…

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