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British Retail Consortium says 'dam is starting to break on the huge wave of costs' being kept from consumersShop price inflation has risen to the highest level in two and a half years, according to the British Retail Consortium, which warned that “the dam is starting to break” when it comes to retailers trying to limit price rises for customers.The lobby group said shop price inflation was 2.1% year on year in October, a sharp rise compared with 1.4% in September, and an indication that retailers were beginning to pass on the rising costs of energy and food ingredients since the Middle East conflict broke out. Continue reading......
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks closed higher on Monday as easing concerns about inflation due to a drop in oil prices helped underpin sentiment. Hopes that diplomatic efforts......
MADRID (dpa-AFX) - Spain's producer prices increased the most since late 2022 in September on energy prices, the statistical office INE said Monday.Producer prices grew 18.3 percent year-on-year i......
As the US midterm elections approach, we take a look at data to see a true picture of the US economy under TrumpWith the midterm elections fast approaching, many Americans have the economy on their minds.US voters are exhausted by years of higher prices. Donald Trump won the presidency in 2024 on promises to lower inflation and undo the damage he said the Biden administration had inflicted on the economy. Continue reading......
Pakistan raised its benchmark interest rate on Monday as policymakers prioritized curbing inflation stoked by the Middle East conflict over supporting a slowing economy....
STOCKHOLM (dpa-AFX) - Sweden's producer price inflation reached the highest level in more than three years in September, Statistics Sweden said Monday. Producer price inflation reached 11.2 percen......
Bank of England officials are sending their most hawkish signals in over three years, laying the ground for an interest-rate hike as early as next month....