Annual inflation falls to 17.1 percent in May, down from 17.8 percent in April. Food price inflation increased to 21.5 percent year on year in May. Russia has been hit with a barrage of international sanctions. Russia inflation fell to 17.1 percent in May, down from 17.8 percent in April, according to the national statistics … Read more
BRUSSELS: The recovery of the eurozone economy is losing steam, a closely watched survey said on Friday, with big supply chain problems at factories causing price hikes not seen in 20 years. “The ongoing pandemic means supply chain delays remain a major concern,” warned Chris Williamson, Chief Business Economist at the IHS Markit. This was “constraining … Read more
ISLAMABAD: Prime Minister Imran Khan has said that a programme of targeted subsidy would be started soon for the poor section of the society. Speaking during a meeting of the core committee of Pakistan Tehreek-e-Insaf (PTI), he said the targeted subsidy programme would be started with the financial resources of the federal and provincial governments … Read more
WASHINGTON: Delays and price hikes are anticipated in the United States for holiday merchandise, a Federal Reserve official has warned, calling for more to be done to boost the workforce. “Right now, we see consumers trying to get out early and spend their money to get their goods before they run out,” Mary Daly, head of … Read more
