Inflation News
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By AFP
Caracas -
Packed inside a barred pick-up truck that looks like a mobile cage, passengers are risking their lives in Venezuela's perilous solution to a public transport crisis.
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By AFP
Buenos Aires -
President Mauricio Macri's center-right government is struggling to stabilize inflation and reassure markets, but Argentina's small businesses are feeling the pinch in a climate of deep budget cuts and layoffs.
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By AFP
Ankara -
Inflation in Turkey surged to over 15 percent in June for the first time in almost one-and-a-half decades, official statistics showed Tuesday, putting new pressure on the government of President Recep Tayyip Erdogan to quell rising prices.
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By AFP
Caracas -
Venezuela's sky-high inflation soared to 24,571 percent in the past 12 months, lawmakers said Monday.
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By AFP
Washington -
Talks between the International Monetary Fund and Argentina on a new loan program are in advanced stages, with the Fund's board likely to consider the matter soon, a spokesman said Thursday.
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By AFP
Buenos Aires -
Tens of thousands of demonstrators marched in the Argentine capital Friday to protest talks between the government and the IMF amid fresh public anger over a hike in utility prices.
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By AFP
Buenos Aires -
Argentina's peso plummeted by more than 6 percent on Monday, sparking new inflation fears for Latin America's third-largest economy.The currency fell 6.6 percent to trade at 25.20 against the dollar as markets opened.
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By AFP
Buenos Aires -
Argentina's Central Bank on Friday hiked its benchmark interest rate to 40 percent to support the peso, the third such hike in just over a week and one day after the currency plunged in value.
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By AFP
Buenos Aires -
Argentina's central bank hiked its benchmark interest rate to 40 percent on Friday to support the peso after it plunged in value the day before.The bank had raised its key rate to 33.
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By AFP
Istanbul -
Turkey's inflation rate edged up to almost 11 percent in April, official statistics showed Thursday, adding to fears that the economy is overheating less than two months ahead of elections.Consumer prices rose 10.
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By AFP
Caracas -
Venezuela's President Nicolas Maduro announced Thursday he would re-value the crisis-wracked country's bolivar currency, cutting three zeroes from current values to combat hyperinflation.
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By AFP
Frankfurt Am Main -
European Central Bank chief Mario Draghi will carefully prepare markets for a long-awaited end to the institution's easy-money policy Thursday, analysts expect, but stop short of calling time immediately.
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By AFP
Caracas -
Venezuela's President Nicolas Maduro on Sunday announced a 50 percent increase in the monthly minimum wage to 97 bolivars, or about 37 dollars at the official exchange rate.
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By AFP
Brussels -
Growth in the eurozone accelerated, inflation rose towards the ECB's key target and unemployment fell to a seven-year low as the bloc's economy shrugged off uncertainty over Brexit and US President Donald Trump.
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By AFP
Brussels -
Growth in the eurozone remained stable at 0.3 percent in the third quarter of 2016 as inflation rose to a 27-month high, official data showed on Monday.
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By AFP
Rio De Janeiro -
Brazil's inflation rate hit a 13-year high in 2015, in what analysts called payback for years of economic mismanagement, worsened by a political crisis in Latin America's biggest economy.
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By AFP
Frankfurt -
The European Central Bank is widely expected to step up efforts to kick start chronically low inflation in the euro area at a meeting Thursday, but analysts warn the measures could fall short of market expectations.
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It basically boiled down to figuring out how to make money with the technology. Once we wrapped our brains around that, the money started to flow. The same thing is about to happen with Green technology.
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You’re not just imagining it. Prices are going up, except for commodities. And the price of energy has an oversized influence on the annual inflation rate.
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By AFP
New Delhi -
A leap in onion prices has left a bitter taste for Surinder Anand, owner of a New Delhi restaurant that sweats its way through a hundred kilos a day, but it could pose even bigger problems for India's leader.
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Zimbabwe has announced it will be phasing out its own local currency in favour of the US dollar. The Zimbabwean dollar has been subject to hyperinflation of up to 500,000,000,000 percent so that locals will get $5 USD for 175 quadrillion local dollars.
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By AFP
Caracas -
Shortages of basic goods and long lines of consumers hoping to buy them have spawned a new profession in crisis-hit Venezuela: waiting in line to buy things for other people.
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By AFP
Bras -
The party of beaten Brazil presidential candidate Marina Silva said Wednesday it is backing Social Democrat challenger Aecio Neves in his run-off battle against incumbent Dilma Rousseff.
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Financial commentators have written about the 2.4% rise in inflation that Canada recently saw. Media writers are correct worry and there is plenty of evidence for that assertion.
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By AFP
New Delhi -
India's inflation accelerated in March to a three-month high, data showed Tuesday, dashing hopes of an interest rate cut to boost the struggling economy.
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By AFP
London -
Britain's 12-month inflation slowed to 1.6 percent in March, the lowest for four and a half years, official data showed on Tuesday.
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By AFP
Washington -
U.S. producer prices surged higher in March as demand for services increased the most in four years, government data released Friday showed.The Labor Department said its producer price index rose 0.5 percent in March, after a slight 0.
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By AFP
Frankfurt -
The rate of inflation in Germany, Europe's biggest economy, fell to its lowest level in more than three years in March, official final data showed on Friday. The cost of living rose by 1.0 percent on a 12-month basis this month, down from 1.
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By AFP
Beijing -
China's inflation rate accelerated to 2.4 percent year-on-year in March, the government said Friday, driven by higher food prices.The increase in the consumer price index (CPI) announced by the National Bureau of Statistics (NBS) was up from the 2.
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By AFP
Washington -
U.S. Treasury Secretary Jacob Lew warned the eurozone Wednesday to pay heed to the risk of deflation, adding pressure on European authorities and the European Central Bank to boost growth.
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Inflation Image
Petrol prices are rising at levels of around 25p per year for just a litre Richard Law
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