inflation
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Business
Biden points to ‘progress’ as US prices hit record high last year
WASHINGTON: US consumer prices jumped last year at the fastest pace in four decades, the government confirmed Wednesday, underscoring the…
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Business
US consumer prices rose 7% in 2021
WASHINGTON: US consumer prices in 2021 rose at the fastest pace in four decades, the government announced yesterday, an inflation…
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Business
China inflation eases in December, providing opportunity for rate cuts
BEIJING: Inflation in China eased in December thanks to falling food and commodity costs, with analysts saying yesterday figures give…
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Business
New German CB chief warns ECB to watch inflation
FRANKFURT: Monetary policy in the eurozone needs to “be on its guard” in the face of record inflation, new Bundesbank…
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Business
‘So high!’- Sticker shock at US gas pumps as inflation bites
WASHINGTON: Standing with the pump in her hand, Telila Scott was stunned to see the price of gas in Washington-a…
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Business
BoE warns UK inflation to top 5.0% on energy costs
LONDON: British inflation will “comfortably” top five percent in April due to rocketing energy prices, well above the Bank of…
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Business
Kuwait’s inflation rate looks set to average around 3.0% in 2021
KUWAIT: Kuwait’s consumer price inflation edged down slightly to 3.2 percent y/y in July versus June but has trended higher…
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Business
Turkey’s annual inflation rate surges as currency crisis bites
ANKARA: Turkey’s annual inflation rate surged Friday above 20 percent-its highest in three years-although the main opposition leader accused officials…
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Kuwait
Kuwait’s inflation rises 3.17 percent
KUWAIT: The consumer prices on an annual basis grew by 3.17 percent in July, according to Kuwait Central Statistical Bureau.…
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Business
New COVID variant spurs risk off mode and volatility in markets
KUWAIT: The Federal Reserve released the minutes of their meeting from earlier this month expressing their concern about inflation. Fed…
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Business
Biden dives into US oil reserves to soothe Americans on inflation
WASHINGTON: President Joe Biden tapped the US strategic oil reserves in a bid to reassure Americans angry about inflation and…
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Business
UK inflation spikes to ten year high on energy costs
LONDON: British inflation spiked close to a ten-year high in October on increased energy bills and resurgent post-lockdown demand, data…
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