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Inflation

The latest stories and tips on rising cost of goods and services, impacting economies, wages, and purchasing power

Muslim family members pose for a selfie as they celebrate Eid Al Fitr outside a mosque in Cairo. AP

Egypt's Eid Al Fitr celebrations muted due to economic crisis

MENAApril 11, 2024

A satellite view of the southern Red Sea near Hodeida, Yemen. Getty Images

WTO: Middle East conflicts don't have severe effects on region's trade activity

EconomyApril 10, 2024

The latest inflation report came as the Fed and central banks in Europe, the UK, the UAE and elsewhere embrace a wait-and-see approach as they consider the timing of cutting interest rates.. Reuters

US inflation increases as doubts grow over timing of Fed rate cuts

EconomyApril 10, 2024

Egyptian Kenzy Samir, left, and Lebanese Houri Elmayan have prioritised spending only on essentials because of high inflation in their respective countries. Photo: Kenzy Samir / Houri Elmayan

Why Middle East consumers are hoping for interest rate cuts

MoneyApril 09, 2024

Fresh food inflation slowed further to 2.6 per cent in March from 3.4 per cent a month earlier. EPA

UK shop price inflation drops to low last seen in December 2021

UKApril 01, 2024

Egyptians said that food prices had risen again. Photographer: Islam Safwat / Bloomberg

Egyptians angered by rising food prices caused by increase in fuel costs

EgyptMarch 25, 2024

Foods prices in Tunisian markets ahead of Ramadan are a big challenge for consumers on low incomes. Ghaya Ben Mbarek/ The National

8

Tunisians struggle to keep Ramadan spirit as economic crisis persists

TunisiaMarch 23, 2024

The Bank of England headquarters in the City of London. It has left interest rates on hold at 5.25%. Bloomberg

Global rate cuts on the way within months

UKMarch 21, 2024

Clothing price labels at a market stall in London. Inflation fell to 3.4% in February from 4% the previous month. Bloomberg

UK inflation rate falls more than predicted

UKMarch 20, 2024

Leverstock Green, near Hemel Hempstead, England. The Bank of America said defaults on mortgages have plunged because lending criteria have been tightened so strictly as to remove risk almost entirely from the system. PA

Interest rates: Credit crunch holding back UK housing market

PropertyMarch 19, 2024

The UK's services sector grew by 0.2 per cent in January and was the largest contributor to the rise in GDP. Getty Images

UK economy shows signs of growth after dipping into recession

UKMarch 13, 2024

Markets were expected to closely monitor Tuesday's inflation report to find potential hints on when the Federal Reserve may begin cutting interest rates. Reuters

US inflation rises as Fed considers timing of rate cuts

EconomyMarch 12, 2024

The IMF's $8 billion bailout was implemented on Wednesday, after Egypt's central bank raised interest rates and allowed the local currency to float freely without state intervention. EPA

'What more could we lose?' Egyptians react to IMF bailout

EgyptMarch 07, 2024

Preparations under way in Cairo for Ramadan. AFP

UAE deal allows for happier Ramadan for cash-strapped Egyptians

EgyptMarch 01, 2024

Low prices at a Walmart in Austin, Texas. Core PCE, which excludes food and energy, rose 0.4 per cent last month. EPA

Fed's preferred US inflation metric increases in January

EconomyFebruary 29, 2024

Pharmacies are struggling to make enough money to buy medications at currently inflated prices. Reuters

Egyptians suffer medicine shortage as economic crisis deepens

EgyptFebruary 15, 2024

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