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              Inflation

              The latest stories and tips on rising cost of goods and services, impacting economies, wages, and purchasing power

              A vendor sells dates and dried fruits at a market in Cairo ahead of Ramadan. AFP

              Prices for nuts and dried fruit double in Egypt this Ramadan

              EgyptMarch 31, 2023
              Retired Lebanese security force members at a protest in downtown Beirut to demand inflation adjustments to their pensions. EPA

              Lebanon inflation hits 190% in February as IMF calls for urgent reforms

              EconomyMarch 29, 2023
              The Fed has been increasing interest rates since last year in a bid to tackle rising prices. Bloomberg

              US consumer confidence unexpectedly rises in March, survey finds

              EconomyMarch 28, 2023
              A London supermarket. Reuters

              UK food prices yet to peak as shop prices hit record in March

              UKMarch 27, 2023
              The European Central Bank was the first to move with a 50-basis-point rise on March 16, taking its main refinancing rate to 3.5 per cent. EPA

              Central banks hold the line on inflation

              CommentMarch 27, 2023
              Emirates NBD, FAB, ADCB and DIB account for about 77 per cent of banking assets in the UAE. Reuters

              Profits of UAE's largest banks to grow in 2023, says Moody's

              BankingMarch 24, 2023
              US Federal Reserve chairman Jerome Powell after the Fed raised interest rates by a quarter of a percentage point, on March 22. Reuters

              The interest rate dilemma: Smash inflation, but don't destabilise the banks

              UKMarch 23, 2023
              A container ship at Qinzhou Port in southern China. AP

              Global trade growth to remain subdued in 2023, Unctad says

              EconomyMarch 23, 2023
              An oil rig in Invergordon, Scotland. The IEA says oil demand growth will hit 2.6 million barrels per day in the fourth quarter of this year. PA

              Oil prices fall on interest rate rise and build-up in US crude stocks

              EnergyMarch 23, 2023
              Interest rates on credit cards will rise after the UAE Central Bank raised its benchmark rate by 25 basis points on Wednesday. AP

              What does the US Fed's interest rate rise mean for UAE consumers?

              MoneyMarch 23, 2023
              A fruit seller at Ridley Road Market in Hackney, London. UK food and drink prices are at their highest in 45 years. Bloomberg

              UK inflation records surprise increase

              UKMarch 22, 2023
              More than 25,000 food and drink products at eight major supermarkets were analysed for inflation. PA

              Price of some groceries ‘has more than doubled over last year’

              UKMarch 22, 2023
              The Bank of England decision on interest rates on Thursday is now on a knife-edge: will they raise rates or not? EPA

              Will the Bank of England raise interest rates?

              UKMarch 21, 2023
              Times Square in New York City. Residents earning an annual income of $100,000 lose more than half of their salary to taxes and inflation. Getty Images

              What is a $100,000 salary in New York City really worth?

              MoneyMarch 16, 2023
              Falling wholesale energy prices and cooling global inflation have been credited with the Treasury’s improved position since the last budget statement in November. PA

              Living standards to fall despite UK avoiding recession

              UKMarch 15, 2023
              Chancellor of the Exchequer Jeremy Hunt delivers his budget to the House of Commons in London. AP

              Budget summary: Jeremy Hunt seeks to reverse ingrained decline

              UKMarch 15, 2023
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