Inflation

Tories presided over the largest setback in records since beginning If the Conservatives are in power, the Institute of Fiscal Studies has warned that middle- and high-income households in Britain will experience the biggest decline in…

The UK's inflation rate fell to just 3.4% in the month of February, the lowest it has been for over two years. This is because the pace of annual price increases began to slow down again after having stagnated the previous months. The…

A top central banker warned that governments must stop "relentless borrowing" or they risk plunging into a global debt crisis. Agustin Carlstens, the head of the Bank for International Settlements (BIS), a global club for central bank…

The Bank of England governor has welcomed the "good news" about inflation but warned that it will not cut rates immediately if, as expected, prices fall to just 2 percent this spring. Andrew Bailey responded to figures that showed the…

Global investors expect falling prices in China to push down inflation rates worldwide this year, as excess capacity in its slowing economy prompts Chinese exporters to cut prices on goods they sell abroad. Prices of Chinese exports have…

The pace of inflation in China is the lowest since the financial crisis. This has led to concerns about the weakening demand in the second largest economy in the world. According to the National Bureau of Statistics, China's consumer…

Inflation in the UK will not return to levels seen before Russia's invasion of Ukraine because of rising wages, a senior executive at Associated British Foods has said. Eoin Tonge, finance director at the food-to-fashion group that owns…

Paul Smith's fashion company has warned about the impact of inflation after recording a fourth consecutive loss. The 77-year-old designer's firm said that sales in its global business increased by 7.7pc, to £212.5m, compared to a year…

In response to budgetary pressures, housing associations in England cut their spending plans on new affordable homes for 2024. This could worsen the acute shortage of social houses in the UK. According to Centrus, an adviser who works…

UK inflation slowed sharply in November to 3.9 per cent, triggering a slide in the pound, a stock market rally and increased expectations of an interest-rate cut early next year. Wednesday's number was well below the 4.4 per cent…

US core inflation increased last month. This supports the argument of the US Federal Reserve, that interest rates could need to be held for several months. The US core price index rose by 0.3 percent in November. However, the core rate…

Investors have warned that the Bank of England is facing a stubborn inflation problem which may prevent it from reducing interest rates as dramatically as its peers next year. The central bank is preparing for its final policy session of…

Andrew Bailey said that the economic outlook is the worst of all times, and Britain is struggling to increase low levels in growth. The Bank of England Governor expressed concern over UK future prospects, just days after the Office for…

The UK's leading Rolex dealer expects a surge in the sale of second-hand luxury timepieces as inflation squeezes wealthy consumers' spending. Watches of Switzerland, a retailer of upmarket watches, said Tuesday that used timepieces…

According to the owner, food inflation could be gone by Easter if there are no more shocks to global system. George Weston, chief executive officer of Associated British Foods, which owns Primark, a budget clothing chain, stated: "Food…

The eurozone inflation rate fell to 2,9% in October, the lowest level for over two years. This has boosted expectations that European Central Bank won't raise interest rates any further. This is the lowest annual increase in consumer…

Noel Quinn is the chief executive officer of HBSC - the seventh largest bank in the world. He says that "a global reckoning" could be on its way. After the 2008 financial crash, and then again during the Covid epidemic, government debts…

The recovery is "limping along" amid the threat of another Middle East war The International Monetary Fund's chief has warned that the Middle East conflict, triggered by Hamas' terrorist attack on Israel, is "a new cloud" over…