INFLATION

Inflation hits 9%, highest since 1982

by Newsdesk-Top NewsEconomyUK News19 May 202219 May 2022

The UK now has the highest inflation rate of Europe’s five biggest economies and almost certainly of the Group of Seven countries, with Canada and Japan yet to report figures…

EU revises growth forecast down, inflation estimate up

by NewsdeskArab NewsEU News17 May 202217 May 2022

Inflation for the whole of the EU is expected to reach 6.8 per cent this year…reports Asian Lite News The Russia-Ukraine was has forced the European Commission to slash its…

High food prices hit local people’s life in Kabul

by Newsdesk-Top NewsAfghanistanAsia News14 March 202214 March 2022

Locals urged Taliban-led government to take initiatives to control the price of essential commodities…reports Asian Lite News Dozens of Kabul residents have complained about the high prices of food materials,…

Currency depreciation lands Lanka in soup

by Newsdesk-Top NewsAsia NewsSri Lanka11 March 202211 March 2022

The country’s biggest wheat importer PRIMA increased the price of a kg of wheat flour by 35 LKR….reports Asian Lite News The prices of a number of essential items in…

UK inflation rises at fastest rate in 30 years

by Newsdesk-Top NewsBusinessEconomy17 February 202217 February 2022

The Bank of England said earlier this month that it expects inflation to peak at 7.25 per cent in April. On February 3, the bank increased its key interest rate…

Surging Inflation forces Bank of England to raise rates

by Newsdesk-Top NewsUK News4 February 20224 February 2022

Thursday’s announcement came as the UK’s annual consumer price index (CPI) inflation jumped to a 30-year high of 5.4 per cent in December 2021….reports Asian Lite News The Bank of…

Tough times ahead for Turkey

by Newsdesk-Top NewsAsia News30 January 202230 January 2022

While Turkey’s economy started facing tailwinds even before the outbreak of the Covid-19 pandemic, its “authoritarian” President Recep Tayyip Erdogan and his absurd policies have led to a crisis amid…

UK Inflation rises to highest since 1992

by Newsdesk-Top News20 January 202220 January 2022

British government bond yields, which are sensitive to financial markets’ interest rate expectations, came within a whisker of their highest level since 2011…reports Asian Lite News Inflation in Britain rose…

‘Rising Covid cases to push up inflation’

by NewsdeskBusinessEconomy27 December 202127 December 2021

In terms of capital flows, it noted that the hardening domestic inflation and a reversal of the ultra-loose policies in advanced economies have built up pressure on the Reserve Bank…

Inflation replaces Covid worries

by Newsdesk-Top NewsEconomyIndia News27 December 202127 December 2021

Economists forecast that the currencies of Indonesia, India, and the Philippines will depreciate towards 2022. ..writes Sanjeev Sharma While “Covid shock” maintains its number one position among risk factors in…