Source link European Parliament member Biljana Borzan has urged the legislative body to look into the phenomenon of ‘skimpflation’, which she says began with the Ukraine conflict The quality of goods and services is suffering across the EU due to ‘skimpflation,’ European Parliament member Biljana Borzan from Croatia warned this week. The term refers to […]
Source link Consumer prices in the South American country have been soaring after the devaluation of the peso by the new government Annual inflation in Argentina hit a three-decade high of 254% in January even as the rate slowed slightly in monthly terms, according to official data released on Wednesday. Newly installed President Javier Milei […]
Source link Prolonged Houthi attacks on ships risk devastating effects on the global economy, according to OilPrice Higher freight costs and delays in cargo deliveries amid the Red Sea crisis could drive up global inflation, according to an OilPrice report this week, citing analysts. The disruptions to global trade caused by continued Houthi attacks on […]
Source link Consumer prices in Argentina have been soaring after devaluation of peso by Javier Milei’s new government Annual inflation in Argentina exceeded 211% in 2023, marking the highest rate in more than three decades, according to the latest data released by the government’s statistics agency INDEC. Argentina’s year-on-year rise in prices has also propelled […]
Source link The country will nearly meet its consumer price index target in 2024, economist Aleksander Isakov forecasts Inflation in Russia will be lower this year, as the government will nearly meet its 4.0 – 4.5% target, Bloomberg Economics reported on Monday, citing Aleksandr Isakov, its leading expert on Russia and Central and Eastern Europe. […]
Source link Big brands have warned about supply shortages due to the shipping disruption through the Suez Canal The disruption of cargo ships in the Red Sea due to attacks by Houthi militants from Yemen is causing global shippers to redirect vessels, potentially leading to increased prices for goods. Swedish furniture giant IKEA announced this […]
Source link Price growth has been accelerating for half a year, and has passed 7%, Elvira Nabiullina says Annual inflation in Russia has topped 7%, the head of the central bank, Elvira Nabiullina, has said, stressing that the figure requires more cautiousness from the government. “Inflation has been rising consistently since June, now exceeding 7%, […]