US President Joe Biden on Friday blamed Russian President Vladimir Putin for the record gas prices and 40-year-high inflation currently rocking the US. Amid dismal polling figures, Biden insisted that his administration is attempting to curb runaway costs. Speaking at the Port of Los Angeles, Biden touted his administration’s efforts …
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The White House on Tuesday insisted that “global challenges” such as the conflict in Ukraine, and not President Joe Biden’s policies, are to blame for inflation in the US. Biden’s press secretary Karine Jean-Pierre insisted the economy remains strong and the government is in a “good position” to tackle the current headwinds. “What …
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Western nations have mismanaged the global economy, and the entire world is now paying the price for their incompetence, Russian President Vladimir Putin said on Monday. He made the claim during an address ahead of the St. Petersburg International Economic Forum (SPIEF). The annual international event, which is hosted by …
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Inflation in the US is a consequence of mistakes by American financial authorities, which they admitted to, while in the EU it has more to do with short-sighted energy policies in Brussels, Russian President Vladimir Putin said on Friday. Either way, it has nothing to do with Moscow or its …
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Inflation in France has peaked, but is expected to stay at a high level for several more months before progressively decreasing, according to the country’s Finance Minister Bruno Le Maire. The rate reached 5.2% in May. “By end-2023, we should see a progressive decline of inflation. We could have an …
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Inflation in the Eurozone exceeded the worst expectations and hit a record 8.1% in May amid surging energy costs, according to official figures released on Tuesday. A flash estimate by European Union statistics agency Eurostat revealed that the main component of inflation in the euro area is energy, which is …
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The German statistics office Destatis has reported another jump in inflation in May as food and energy prices continue to climb. Annual inflation in Europe’s top economy has reached 7.9%, the highest level since the 1973 oil crisis. The surge comes amid the conflict in Ukraine and the unprecedented sanctions …
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Inflation growth rates in most of the G7 countries have reached levels not seen in decades, the group’s finance ministers said in a statement on Friday. They indicated that they will continue to tighten monetary policy. According to the statement, the Russia-Ukraine crisis is causing significant increases in consumer, energy, …
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Consumer price growth has hit double digits in at least a third of EU countries, with the most severe spike seen in the Baltic region, the Financial Times reported this week. According to the paper, nine members of the bloc have seen inflation surpass 10%, with the biggest increase observed …
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A new poll suggests UK Prime Minister Boris Johnson is likely headed for defeat in the country’s next election unless he can begin to convince voters that his party has the right leadership to ease an inflation crisis that is eating away at their standard of living. The poll, conducted …
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