Argentina’s anticipated monthly inflation rate for July is likely to accelerate to 7.1%, according to a Reuters poll of analysts. This projected rise in the CPI would break a streak of decreasing monthly inflation readings. The nation currently grapples with one of
The Bank of Canada discussed delaying a hike to its key overnight rate at the last meeting before deciding on a raise to ensure progress in dampening inflation did not stall, according to minutes published on Wednesday. The bank announced a 25
Britain’s cost-of-living crisis is finally easing. Food price inflation is falling at an accelerated rate and producers’ prices are dropping for the first time since the pandemic. At online supermarket Ocado’s half-year results, founder and CEO Tim Steiner said the UK is
Wages in the U.K. are rising at a record high rate amid stubbornly high inflation, official figures showed Tuesday, bolstering expectations that interest rates will increase again — to the worry of homeowners who are seeing their mortgage payments spike to levels
High Street businesses have enjoyed an early summer boost after a tough start to the year. Retail and hospitality chiefs say that footfall was up last month, as more people shopped and socialised. But they have stressed more needs to be done
German inflation unexpectedly jumped in June as consumer prices rose by a higher-than-anticipated 6.8 per cent on the year in June, whereas analysts had expected an increase of 6.7 per cent. By comparison, in neighbouring countries in Europe, inflation fell sharply in
Food inflation has eased for a second month as supermarkets cut the price of household staples, figures show. Shop price inflation overall slowed to 8.4% in June, down from 9% in May and below the three-month average of 8.7%, according to the
Rishi Sunak is to take on public sector union barons over pay to curb stubborn inflation. Ministers could overrule wage increases recommended by review bodies despite the threat of further crippling strikes. The Prime Minister has admitted he is willing to make
The Bank of England has “lost its grip” on inflation and is “piling more misery” on borrowers, an estate agent boss has said. Britain’s central bank raised its interest rate to five percent in its 13th rise in a row amid mounting calls for the
Conservative MPs are privately warning Chancellor Jeremy Hunt that he needs to intervene with the Bank of England or he will fail to deliver on the Government’s key pledge to halve inflation. Senior Tories have told Express.co.uk that the Bank of England