Publicly, BoE officials see that the UK is already in a recession. European Central Bank officials assume that the euro zone has entered a recession this quarter. The economies of the UK and the Eurozone have been hit by rising energy costs following the Russian invasion of Ukraine. The United States is less exposed to … Read more
Greek Prime Minister Kyriakos Mitsotakis announced on Saturday a subsidy to the Greek parliament to arm households against high inflation. The check is valid for a period of six months and can be used to make purchases at supermarkets and other food-selling businesses, such as bakeries and fishmongers. In total, the Greek government will release … Read more
Bulk shopping at the supermarket is no fun at the moment – you can save a lot of money with targeted campaigns. “Drinks can only be bought in large quantities during the campaigns. This is the only way to cushion the price increases for food,” says a single mother (45) from the Weinviertel. in twelve … Read more
ANP extension ANNOUNCEMENTS•yesterday, 18:11 More and more people are knocking on the food bank’s door, according to data from the umbrella organization Voedselbanken Nederland. At the end of November, a record 120,000 people turned to food banks for help. That’s 30 percent more than at the beginning of this year, says the umbrella organization’s Tom … Read more
Jakarta, CNBC Indonesia – Several of the world’s major central banks announced another rate hike on Thursday, while also firmly indicating that it would continue into next year. A recession is even more inevitable, the higher the interest rate, the greater the risk of a subsequent economic downturn. The central bank of the United States … Read more
The rate of inflation has slowed down Eurozone In November, it was lower than the preliminary reading, which supports the European Central Bank’s aggressive plans to combat price pressures. Consumer prices in the 19-nation single-currency area rose 10.1% year-over-year, according to Eurostat data released on Friday. At the same time, it was lower than the … Read more
The Fed raises rates by half a percentage pointclosing 2023 with the first hit of the brakes on a maxi-squeeze that saw four consecutive increases by 75 basis points. A move that acknowledges the slowdown in inflation (7.1% in November) and the slowdown of the economy, but is not a prelude to a stop: the … Read more
The US Federal Reserve (Fed) raised interest rates by 0.5 percentage point on Wednesday. This increase is less strong than the last four times, when a 0.75 percentage point increase was added each time. US interest rates are now between 4.25 and 4.5%. Federal Reserve policymakers believe it will be necessary to raise interest rates … Read more
more stable inflation The low inflation is largely due to the cost of petrol and used cars, along with tobacco, clothing, computer games and hotel accommodation. Fuel prices have risen more slowly than a year ago and this effect has led to a steep decline in the annual pace of inflation. Food and soft drink … Read more
November Consumer Price Index (CPI) data from the US Department of Labor has fueled speculation in money markets that the US Federal Reserve (Fed) will further slow interest rate hikes as early as next year. Photo taken March 2019 (Reuters 2022/Leah Millis)¥ [１３日 ロイター] – The US Department of Labor’s November Consumer Price Index (CPI) … Read more