Sri Lanka’s economy recorded falling consumer prices for the first time in 39 years, Inflation fell to negative 0.5% in September, marking the first deflation since October 1985. Both food and non-food prices contributed to the deflation. Colombo: Sri Lanka’s economy experienced a decrease in consumer prices for the first time in nearly four decades, … Read more
FRANKFURT: German inflation rose again in February, official data showed on Tuesday, as the crisis in Ukraine added to fears that energy prices could keep inflation in the eurozone higher for longer. Consumer prices rose by 5.1 per cent annually in February, according to the federal statistics agency Destatis, after the pace slowed in January … Read more
PARIS: Europeans have been living with euro banknotes and coins for 20 years now, but many still point the finger at the single currency for covertly driving up consumer prices, despite plenty of evidence to the contrary. “The euro is a catastrophe, it’s catastrophic,” says Maria Napolitano, a 65-year-old Italian living in Frankfurt. “With 100 … Read more
ANKARA: The Turkish parliament on late Wednesday passed a law increasing fines for stockpiling in the face of the sharp fluctuations in the prices of goods in Turkey as the annual inflation has soared to a 19-year high. The law envisages imposing higher fines between 100,000 Turkish Liras (around $7,334) and 2 million Turkish Liras … Read more
ANKARA: Turkey’s annual inflation rate surged to its highest level since 2002 in December, official data showed on Monday, after a currency crisis sparked by President Recep Tayyip Erdogan’s unconventional economic policies. Consumer prices jumped to 36.1 per cent last month from the same period in 2020, up from 21.3 per cent in November, according to … Read more
FRANKFURT: German consumer sentiment worsened for the second month running, a key survey said on Tuesday, as Europe’s largest economy braces itself for rising inflation and the spread of the Omicron coronavirus variant. Pollster GfK’s forward-looking barometer fell to -6.8 from a revised figure of -1.8 for December. “The high incidence of the virus due to … Read more
BRUSSELS: Eurozone inflation surged to its highest rate on record in November, fuelled by soaring energy prices, official data showed on Tuesday. Consumer prices picked up to 4.9 per cent from 4.1 per cent in the previous month, the highest reading since the official statistics agency Eurostat began compiling the data more than 20 years ago. … Read more
MADRID: Spanish inflation accelerated in November to its highest level in nearly three decades on the back of rising food and gas prices, official data showed on Monday. Consumer prices jumped 5.6 per cent, up from a 5.4 per cent increase in October, according to the preliminary figures from the national statistics institute. That is its … Read more
