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COLOMBO, Sri Lanka (AFP) — Cash-strapped Sri Lanka saw its highest inflation on record for the eighth consecutive month in May, official data showed Wednesday, as the island nation grapples with its worst-ever economic crisis. The Colombo Consumer Price Index (CCPI) rose 39.1 percent year-on-year last month, up from 29.8 percent in April, according to the statistics department. Food inflation in Colombo came in at 57.4 percent, up from 46.6 percent in April. The […]
by Kyoko Hasegawa © Agence France-Presse Tokyo, JAPAN (AFP) –Japan’s core consumer prices posted their biggest jump in seven years in April, official data showed Friday, as global commodity prices soared and the yen slumped against the dollar. The core consumer price index, which excludes fresh food, jumped 2.1 percent year-on-year, according to figures released by the internal affairs ministry. It was the first time since March 2015 that the figure has breached the 2.0 […]
by Roland JACKSON Agence France Presse Britain’s annual inflation rate surged to a 40-year high last month on rocketing energy costs, official data showed Wednesday, sparking opposition calls for the government to announce an emergency budget to combat a cost-of-living crisis. Consumer prices index inflation hit 9.0 percent in April from 7.0 percent in March, the Office for National Statistics said in a statement. The ONS estimated that April was the highest level since […]
(Eagle News) — Inflation accelerated to 4.0 percent in March 2022, the Philippine Statistics Authority said on Tuesday, April 5. According to the PSA, this was an increase from the 3.0 percent inflation rate reported in February 2022, but a 0.1 decrease from the rate reported in March 2021. With the acceleration, the national average inflation from January to March 2022 is now at 3.4 percent. The PSA said the increase in the inflation for […]
LONDON, United Kingdom (AFP) — Stock markets climbed and oil prices steadied Monday on easing concerns over tight crude supplies and decades-high inflation, traders said. Turkey’s lira was stable against the dollar and euro after official data showed the country’s inflation had soared to a fresh record high. Elsewhere, trading was halted on Sri Lanka’s stock exchange seconds after opening Monday as the island nation’s president offered to share power with the opposition. Protests demanding […]
Washington said the penalties will be severe, and will have lasting impact on Russia’s economy, even though the tried to “mitigate” costs on American and European consumers, who already face rising oil prices. Here are the highlights of the measures: – Hitting major banks – The Treasury added five more Russian banks to the sanctions list including country’s the two largest, both majority owned by the government, although each faced penalties with differing severity. Sberbank, […]
(Eagle News) — Inflation eased to 3 percent in January. According to the Philippine Statistics Authority, this was slower than the 3.6 percent rate recorded in December 2021. The PSA said the slowdown was due to the lower annual increase in housing, water, electricity, gas and other fuel, now at 4.5 percent in January 2022, from 5.1 percent in December 2021. The lower annual increments in the indices of the following commodity groups aslo contributed […]
HONG KONG, China (AFP) — Markets struggled in Asia on Wednesday following a tepid lead from Wall Street, with inflation and expected interest rate hikes returning to the key focus of concerns as Omicron fears fade for now. While the new Covid variant continues to spread rapidly around the world, forcing governments to maintain containment measures, its apparently milder symptoms have allowed traders to focus more on future economic policies and plans to rein in […]
MEXICO CITY, Mexico (AFP) — Mexico registered its highest annual inflation since 2001, at 7.37 percent in November, the Inegi statistics institute said Thursday. Month-on-month, the increase was 1.14 percent, it said, pointing to agricultural and energy price rises as the main contributors. The 12-month figure is higher than the 3.33 percent recorded in November a year ago, and in excess of the central bank target of three percent per year. The previous high was […]
(Eagle News) — Inflation or the rate of increase in the prices of commodity goods and services over a period of time, clocked in at 4.2 percent in November, indicating slower growth in such prices. According to the Philippine Statistics Authority, the 4.2 percent was slower than the 4.6 percent inflation rate recorded in October. With the 4.2 percent inflation rate, the PSA said the average inflation from January to November 2021 remained at 4.5 […]
LONDON, United Kingdom (AFP) — Tel Aviv is the world’s most expensive city to live in as soaring inflation has pushed up living costs globally, according to a survey published on Wednesday. The Israeli city climbed five rungs to score top place for the first time in the authoritative ranking compiled by the Economist Intelligence Unit (EIU). The Worldwide Cost of Living Index is compiled by comparing prices in US dollars for goods and services […]
TOKYO, Japan (AFP) — Japan’s core consumer prices rose slightly year-on-year in October for the second month running, driven in part by higher fuel prices, government data showed Friday. The core consumer price index, which excludes volatile fresh food prices but includes fuel costs, was up 0.1 percent in October, tracking the same rise in September and in line with economist expectations. The second monthly rise follows 18 months of declines or stagnation during the […]
