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Tag Archives: inflation

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Inflation in Austria highest since 1981

Inflation in Austria has jumped to its highest level in over 40 years, media reported on Wednesday citing data from the country’s federal statistics agency Statistics Austria.  “In April 2022, consumer prices again increased significantly compared to last year – by 7.2%. We saw such a high rate of price …

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Bezos and White House trade jibes over inflation

Amazon founder Jeff Bezos has blamed the Biden administration for trying to mislead the US public on inflation, arguing that increasing taxes on corporations and the wealthy won’t reduce consumer costs. The war of the words broke out over the weekend when Joe Biden tweeted that making sure that “the …

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9th EU country sees inflation jump to double digits

Greece is the latest EU country to be hit with double-digit inflation, reaching the highest level since 1994. Inflation in the country surged to 10.2% year-on-year in April from 8.9% the previous month, according to the Hellenic Statistical Authority (ELSTAT). The largest increases were registered in the cost of natural …

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Turkish inflation out of control

Consumer prices in Turkey soared by 69.97% in April compared to the same month last year, according to official data released on Thursday. Inflation has soared amid rising energy prices against the backdrop of the Russia-Ukraine conflict and due to a lira crash late last year. The figure, released by …

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Russia demoted as cause of US inflation

US President Joe Biden admitted on Tuesday that Covid-19 pandemic lockdowns were the primary cause of runaway inflation, but still blamed his Russian counterpart, Vladimir Putin, for high gas prices at home. Biden’s domestic popularity has suffered amid the worst inflation since 1981. The White House has tried to blame …

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Support for Russia sanctions drops amid inflation – poll

The number of Britons advocating harsh economic sanctions against Russia in response to its military campaign in Ukraine has dropped over the past month, as revealed by the latest opinion poll. Conducted by Redfield and Wilton Strategies and commissioned by The Sunday Telegraph, the survey indicates that only 36% of …

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US inflation jumps to 40-year high

The US Labor Department said on Tuesday that its consumer price index soared 8.5% in March from 12 months earlier, the sharpest year-over-year increase since 1981. The surge was driven by continuing supply-chain problems, soaring demand and rising energy prices, it said. Statistics showed that the monthly rise was 1.2%, …

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UK sees highest inflation in 30 years

The annual rate of inflation in the United Kingdom shot up 7% in March, the highest level recorded since 1992, according to the Office for National Statistics (ONS). Data released on Wednesday showed that the largest contributors to the trend were increased fuel prices and energy bills. The consumer price …

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Biden blames inflation on Putin’s ‘genocide’

US President Joe Biden accused Russia of committing a “genocide” in Ukraine during a speech in Iowa on Tuesday, while trying to promote corn-based ethanol as a way to lower gas prices amid a 40-year record inflation. “Your family budget, your ability to fill up your tank, none of it …

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Spain sees highest inflation in nearly 40 years

Inflation in Spain rose by 9.8% in March compared to the same month last year, according to preliminary data published by the National Statistics Institute on Wednesday. The rise in the consumer price index is the highest since May 1985, and the provisional figure for this month is more than …

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