Tag Archives: inflation

Former Czech President Vaclav Klaus has rejected the notion that the Ukrainian conflict has been the sole reason for the economic problems now experienced around the globe. “The issues that led to spiking inflation and to a huge increase in energy prices that we have now originated long before February …

Germany is about to see its highest inflation in decades, the president of the nation’s central bank, Joachim Nagel, told the Rheinische Post on Saturday, adding that Germany might fall into a recession. “An inflation rate of even 10% is possible in the autumn months,” Nagel told the paper, adding …

Ukrainian President Vladimir Zelensky has told British broadcaster Piers Morgan that inflation and coronavirus are “nothing” compared to Ukraine’s struggle, and Americans should support aid for Kiev “until we win.” As the US grapples with a 40-year-high inflation rate and record gas prices, multiple polls name these economic concerns as …

Inflation will hit 7.6% in the Eurozone and 8.3% in Europe as a whole this year, according to the European Commission’s revised forecasts on Thursday, 1.5% up on the previous predictions. In May, the EU’s executive arm projected Eurozone inflation to hit 6.1% this year, before falling to 2.7% in …

Consumer prices in France have reached their highest rate in over three decades, data from the state statistics agency INSEE showed on Wednesday. According to the report, inflation in the country increased by 0.9% in June from the month before, driving annual inflation to 6.5%, its highest level since 1991. …

Speaker of the US House of Representatives Nancy Pelosi claimed on Thursday that the coronavirus pandemic and the “war in Iraq” were responsible for the soaring cost of living in the US. Pelosi’s own office corrected her statement to read “Ukraine,” in keeping with the rhetoric of her fellow Democrats. …

Annual inflation in Germany accelerated to 7.9% in May, final estimates from the country’s Federal Statistical Office (Destatis) show. In May alone, consumer prices rose by 0.9%, after jumping 0.8% in April. According to the agency’s press release on Tuesday, it’s the largest inflationary spike to hit Europe’s largest economy …

Economist Larry Summers, an advisor to two Democrat presidents and treasury secretary under Bill Clinton, has found a new culprit behind America’s inflation crisis: Republicans who downplay the severity of the January 2021 US Capitol riot. “I think the banana Republicans who are saying that what happened on January 6 …

Consumer prices in Denmark in May were 7.4% higher than a year earlier, official data released on Friday shows. That is the highest 12-month inflation recorded in the country since 1983, The Local reports. The rise has been blamed on soaring electricity, energy and food prices. According to Mathias Dollerup …

US inflation hit the highest level since 1981 in May, US Labor Department data showed on Friday. Consumer prices soared 8.6% in May from 12 months earlier, faster than April’s year-over-year surge of 8.3%. On a monthly basis, prices grew by 1% from April to May, a steep rise from …