inflation

Inflation hit a new record in the 19 countries that use the euro currency, fueled by out-of-control prices for natural gas and electricity due to Russia’s war in Ukraine. Economic growth also slowed…

British businesses are suffering their worst month since January 2021, when they were under a COVID-19 lockdown, as the country's political upheavals compound concerns about inflation and rising…

New Zealand's consumer inflation outpaced expectations in the third quarter and remains at historically high levels amid widespread price pressures. Annual inflation rose 7.2% in the third quarter…

India has sufficient stocks of rice and wheat and the government will sell wheat in the open market if needed to control prices, the most senior civil servant at the Ministry of Consumer Affairs,…

The International Monetary Fund is downgrading its outlook for the world economy for 2023, citing a long list of threats that include Russia’s war against Ukraine, chronic inflation pressures,…

Strikes staged by France's hard-left CGT union at refineries of ExxonMobil and TotalEnergies continued on Sunday, union officials at both companies told Reuters. "It is continuing everywhere," a…

Ukrainian President Volodymyr Zelenskiy asked parliament to approve banker Andriy Pyshnyi, who has helped advise the government on implementing sanctions against Russia, as new central bank chief. …

Bulgarians voted in their fourth national election in less than two years on Sunday, with little hope for a stable government emerging because of deep divisions within the political elite over how to…

Mario Draghi's outgoing Italian government on Wednesday slashed next year's economic growth forecast to 0.6% due to sky-high energy costs but said strong revenues would still ensure an improvement in…

Switzerland exited the era of negative interest rates on Thursday when its central bank joined others around the world in tightening monetary policy more aggressively to combat resurgent inflation. …