Tag: Inflation

• Tuesday, August 1st 2023 - 18:46 UTC

  Retail prices outlook in the UK improving, but not out of the woods yet

  

  Outlook for retail prices in the United Kingdom improving. New figures suggest food price inflation in the UK has slowed to its lowest level this year as prices of oils, fish, and breakfast cereals fall. According to the British Retail Consortium (BRC) and NielsenIQ retail analysts, food inflation slowed to 13.4% in July. It was 14.6% in June.

• Friday, July 14th 2023 - 10:19 UTC

  Argentina: “Blue” dollar keeps soaring, June's inflation 6%

  

  The “blue” (a euphemism for “black market”) dollar hit another record Thursday in Argentina, closing at AR$ 512 / US$ 1, for a total increase of AR$ 166 so far this year which represented a 48% rise since closing 2022 at AR$ 346, it was reported in Buenos Aires. The gap between the informal dollar and the official exchange rate stands at 93.7%.

• Wednesday, July 12th 2023 - 20:39 UTC

  Brazilian June inflation reaches record low; interest rate fall anticipated in August

  

  Brazil’s annual inflation released on Tuesday showed consumer prices rose 3,16% year to year, down from 3,94% in May. This means annual inflation has dropped from the 12,13% peak in 2022 clearing the way for the central bank to begin cutting interest rates at its next meeting.

• Saturday, July 8th 2023 - 11:05 UTC

  Inflation projections better than a month ago in Argentina

  

  The Argentine Central Bank's (BCRA) monthly Market Expectations Survey (Relevamiento de Expectativas del Mercado - REM) for June released Friday forecasts inflation to reach 142.4% by the end of 2023. The study details the forecasts of institutions, companies, organizations, and specialists on the evolution of the main economic variables.

• Thursday, July 6th 2023 - 09:53 UTC

  Higher economic growth, less inflation projected in Brazil

  

  Brazil's Institute for Applied Economic Research (Ipea) has revised its forecasts and now foresees larger economic growth and smaller inflation this year, Agencia Brasil reported.

• Thursday, June 22nd 2023 - 15:55 UTC

  Fed's Powell questioned in Congress over inflation and bank regulation

  

  Since inflation in the United States is still excessive, most Federal Reserve officials expect to raise interest rates further this year this year, Chair Jerome Powell told a House committee on Wednesday, who also had to respond about alleged further banking regulations.

• Thursday, June 8th 2023 - 16:05 UTC

  IMF suggests immigration could help UK with inflation and labor shortage

  

  Immigration that fills gaps in the domestic jobs market can help push down UK inflation, the deputy head of the International Monetary Fund has said. However British prime minister Rishi Sunak has insisted rates of legal immigration are “too high”

• Thursday, June 8th 2023 - 16:03 UTC

  OECD: UK inflation highest this year; BoE rate could peak 5,25%

  

  OECD, the Organization for Economic Cooperation and Development anticipated the UK will experience the highest level of inflation among all advanced economies this year. UK is set to report a headline inflation of 6.9% this year, above the OECD average of 6.6% for 2023.

• Tuesday, June 6th 2023 - 10:32 UTC

  Falklands: with an inflation index of 6,1%, salaries increase in budget of 3%, trigger long debate

  

  It briefly appeared the Falkland Islands Budget process was going to be delayed this year when MLA Leona Roberts supported by MLA Mark Pollard asked for “elements” of the 2023 Budget to be taken back to Budget Select Committee for further public consultation and engagement.

• Tuesday, May 23rd 2023 - 11:42 UTC

  Argentina introduces new banknote amid high inflation

  

  Argentina launched the AR$ 2,000 banknote on Monday, with a value slightly exceeding US$ 4 in the unofficial exchange rate. It will be the highest denomination banknote in a country where year-on-year inflation has reached 108%.