Tag: inflation
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Consumer prices: Inflation rate up 7.5% in April 2022
Inflation confirms its upward trend in April 2022, increasing to 7.5% against 7.2% in March, 7% in February and 6.7% in January, said the National Institute of Statistics (INS), in its monthly bulletin on the consumer price index.
French economy stalls in first quarter, inflation hits new record
France's economic growth unexpectedly flatlined in the first quarter as consumer spending dropped in the face of record high inflation, official data showed on Friday, putting pressure on President Emmanuel Macron ahead of legislative elections.
Nasdaq ends sharply higher after Twitter agrees to be bought by Musk
Wall Street rose on Monday, with the Nasdaq ending sharply higher after Twitter agreed to be bought by billionaire Elon Musk, sparking a late day rally in growth stocks.
Singapore, Korea lead Asia’s central bank battle against inflation
Singapore and South Korea both tightened monetary policy on Thursday, hot on the heels of rate hikes in Canada and New Zealand, as global policymakers moved quickly to prevent soaring inflation from derailing a fragile world economic recovery.
ECB on track to unwind stimulus after inflation warning
The European Central Bank confirmed plans on Thursday to end its hallmark stimulus scheme in the third quarter, worried that high inflation could become entrenched, even as the war in Ukraine left the outlook exceptionally uncertain.