Browsing Tag
Inflation
30 posts
Tokyo inflation likely to miss BOJ target for first time in five months: Reuters poll
By Kantaro Komiya TOKYO (Reuters) - Consumer inflation in Tokyo for October likely undershot the central bank's price target for the first time in five months, a Reuters poll showed on Friday. The core consumer price index (CPI) in Tokyo, a leading indicator of nationwide price trends, was expected to have risen 1.7% from a
Nigeria’s inflation slows for the first time in 19 months
Nigeria’s inflation slowed for the first time in 19 months, offering some hope that successive rate hikes may finally be yielding some results. It will also be good news for Nigerians suffering the worst cost of living crisis in decades. Data from the Nigerian Bureau of Statistics puts July’s headline inflation at 33.40%, down from
Surging inflation is forcing auto finance startups to rethink their financing strategies to maintain demand
Startups that provide financing support to Nigerians planning to own a vehicle are readjusting their strategies to keep demand stable as inflation continues to rise, pushing vehicle prices higher. Auto finance companies enable consumers to buy cars from dealers and be able to pay over a period of time. However, experts say shifts in vehicle
US Consumer Inflation Surprisingly Soft in October
Highlights October’s CPI remained unchanged, defying forecasts. Headline CPI: 0.0% (expected 0.1%), Core CPI: 0.2% (expected 0.3%). The softening of US consumer inflation challenges expectations and raises questions. Overview The Consumer Price Index (CPI) exhibited stability in October, following a 0.4 percent increase in September, according to the U.S. Bureau of Labor Statistics. Over the
Tame inflation, GH¢60bn loss not excuse to shirk policy mandates – IMF tells BoG
The International Monetary Fund (IMF) has cautioned the Bank of Ghana, highlighting the importance of upholding its policy mandates despite the financial setback experienced in the fiscal year ending 2022. The IMF emphasized that it remains essential for the central bank to take decisive measures to steer inflation back to its designated target of 8
© Reuters. FILE PHOTO: A customer reaches for a bag of garlic, that is imported from China, next to a container of Asian shallots from Australia at a fruit and vegetable shop in Sydney, Australia, June 6, 2016. REUTERS/David Gray SYDNEY (Reuters) - Australia's top grocer said on Tuesday that while the food inflation rate
The politics of inflation: Can Democrats buck history?
Two weeks before Election Day, most Americans are pessimistic about the economy – with inflation leading the list of economic concerns.After weeks of touting legislative wins aimed at helping struggling Americans, President Joe Biden has gone negative, training his sights on a Republican Party that appears poised to take over one if not both houses
Inflation is at a 40-year high. Is clean energy the solution?
Over the past several months, Americans have learned how bad a “good” economy can feel. On the one hand, wages are up and the country’s economy is growing at its fastest clip since 1984. The unemployment rate has fallen to just 3.8 percent. But all those gains can’t make up for an ongoing, precipitous spike…
Fed Goes Green As Oil and Inflation Spike
As America's economy teeters on the brink, its central bank is being handed over to a cadre of progressive activists.Sarah Bloom Raskin, nominee to be vice chairman for supervision and a member of the Federal Reserve Board of Governors, speaks before a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Capitol Hill on…