Tag: inflation
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Inflation in Russia hits highest in more than 20 years
Annual inflation in Russia accelerated to 17.49% as of April 8, its highest since February 2002 and up from 16.70% a week earlier, the economy ministry said on Wednesday, as the volatile rouble sent prices soaring amid unprecedented Western sanctions.
European stocks steady ahead of ECB meeting
European shares were little changed on Wednesday as investors digested glum inflation data and its impact on the upcoming earnings season ahead of a key European Central Bank meeting on Thursday, while commodity-linked sectors gained on supply worries.
Russia’s economy set for biggest contraction since 1994, Kudrin says
Russia's economy is on track to contract by more than 10% in 2022, the biggest fall in gross domestic product since the years following the 1991 fall of the Soviet Union, former finance minister Alexei Kudrin said on Tuesday.
Tunisia – INS : Inflation rate picks up to 7.2% in March 2022
Inflation confirmed its upward trend picking up to 7.2% in March 2022, against 7% in February and 6.7% in January, according to data published by the National Institute of Statistics (INS) Wednesday .
European shares slump as U.S. rate hike, sanctions anxiety weigh
European shares fell almost 2% on Wednesday, as investors grappled with the twin worries of aggressive U.S. interest rate hikes potentially hurting growth and more Western sanctions on Russia further stoking inflation.