The inflation rate declined slightly in August, while food inflation recorded a sharp slowdown after rising significantly in July. The post Nigeria inflation falls to 15.39% in August – NBS appeared first on Premium Times Nigeria .

Some of the main drivers of high inflation are supply issues caused by the US-Iran war and American tech giants spending huge amounts on AI, which are not problems a rate hike will solve.

As John Healey drafts his autumn budget, the US president’s policies continue to inflate debt servicing costs Britain is not entirely in control of its own destiny, from the rising cost of the weekly shop, to the vaulting cost of government borrowing. What is said and done in Westminster matters. But the global backdrop is making life tough, not least in the deeds and words of one man: Donald Trump. As John Healey drafts his plan for next month’s autumn budget, the perilous economic conditions the chancellor must navigate can be traced back to the door of the US president. Continue reading...

Annualized inflation rate was 3.4%, same as July, and core inflation, which omits energy and food prices, rose to 2.4% US consumer prices remained stubbornly high in August as the end of the ceasefire between the US and Iran pushed energy prices up, according to data from the US Bureau of Labor Statistics released on Friday. The annualized inflation rate was 3.4%, the same as it was in July. The most recent peak was seen in May, when the inflation rate hit a three-year high at 4.2%. Core inflation, which strips out volatile energy and food prices, increased 0.3% from the month before and 2.4% annually. Continue reading...

Monthly inflation slows to the lowest level in 14 months, in a win for President Javier Milei. Leer más

Monthly inflation falls to 1.7%, annual rate now standing at 33.5%; Figure marks a return to the government's hoped-for downward trajectory after July's uptick. Leer más

Crude jumps above $107 a barrel amid concerns over Middle East conflict and out-of-control government borrowing Nervous investors across big economies have been dumping government bonds, driving up the cost of borrowing, as surging oil prices amplified fears about rising inflation. The cost of a barrel of oil jumped 6% to above $107 on Thursday amid concerns that advances by Houthi rebels along the Red Sea coast in Yemen could choke off Saudi crude exports. Continue reading...

Borrowing costs climb in Europe and oil tops $105 a barrel as bank says growing price pressures in eurozone will be ‘longer lasting than we had anticipated’ Business live – latest updates The European Central Bank has raised interest rates to 2.5% and warned that the risk of higher inflation over the next year has risen following renewed fighting in the Middle East. It came as government borrowing costs soared on the back of a jump in oil and gas prices after the latest US and Iran attacks on ships in the strait of Hormuz. Continue reading...