inflation

Iranian state television reported that “thieves cut into the vault of a branch of Bank Melli (Persian for National Bank) from a neighboring building in Tehran.” As a result, hundreds of Iranians lost…

Recently, many editorials of leading American newspapers criticized President Joe Biden for his repeated claims that the Russian invasion of Ukraine was the main cause for the staggering inflation…

Turkey's lira dipped 0.4% against the dollar on Tuesday as concerns over rampant inflation were stoked by President Tayyip Erdogan's pledge to continue cutting interest rates. In a Monday evening…

A rapidly growing economy usually brings rounds of cheers. Business is booming, innovation reaches new heights, and buyers can't get enough. But when that growth accelerates too fast, inflation isn't…

Inflation in Turkey jumped to 17.5 percent last June, after it was 16.6 percent in May, surpassing expectations. The year-end inflation forecast from the Turkish Central Bank was 12.2 percent, at a…