Inflation

Egyptian accountant Youssef Abdel Hamid regrets that he was unable to make his usual Eid sacrifice this year. Amid rising inflation and a weakening local currency, Hamid is among those who have been skimping on household essentials.…

The Federal Reserve left interest rates unchanged on Wednesday but signaled in new projections that borrowing costs may still need to rise by as much as half of a percentage point by the end of this year, as the US central bank reacted to a…

Saudi Arabia’s inflation rate slightly edged up to 2.8 percent in May 2023, compared to 2.2 percent in May 2022, primarily driven by higher housing prices, water, electricity, gas and other fuels, according to official data. The report…

The British economy will avoid falling into recession this year, according to upgraded growth forecasts Tuesday from the International Monetary Fund. In its latest assessment of the UK economy, the Washington-based fund said domestic…

Saudi Arabia’s inflation rate remained unchanged at 2.7 percent in April compared to March 2023, according to the latest report released by the General Authority for Statistics. However, on a year-on-year basis, the Kingdom’s inflation…

Energy prices and a weak yen sent core consumer prices in Tokyo 2.8 percent higher in September from a year earlier, the fastest pace of increase in over three decades when excluding the effects of tax hikes, government data showed Tuesday.…

Administration clerk Muhammad Faizal Taib said he struggled in the past two years to get by on his monthly budget of RM250 (S$78) for food. But that changed recently, due to the generosity of some food operators, who are now offering…

The annual inflation rate rose to 8.6% in May, the Labor Department said, after easing in April. The rising cost of living has been squeezing households and putting pressure on policymakers to bring the issue under control. The US…