Mexican Inflation Slows For Seven Months Straight
For a seventh consecutive month, annual inflation in Mexico slowed, coming in at 4.64%, as the closely watched core reading returned to 2021 levels, according to new data from statistics…
Eurozone Slowdown May Ease Inflation – ECB Official
On Friday, Boris Vujcic, the head of Croatia’s central bank, and a member of the Governing Council of the European Central Bank said that he expects the current slowdown in…
Unemployment Jumps In Italy
In Italy, unemployment jumped unexpectedly in July, hitting 7.6% following six months in a row of declines, according to preliminary data released Thursday. Italy’s statistics agency Istat reported that over…
August Jobs Numbers Dip Sharply As Labor Market Cools
In a sign the labor market may be cooling, job growth in the private sector in August slowed sharply, failing to meet economist’s expectations, According to the latest ADP National…
ECB Head Explains Central Bank’s Inflation Policy
Speaking at the annual conference of central bankers in Jackson Hole, Wyoming on Friday, European Central Bank (ECB) President Christine Lagarde said that in the EU, interest rates will be…
Türkiye Enacts Massive Interest Rate Hike
On Thursday, the Turkish central bank hiked its benchmark interest rate by 7.5 percentage points on Thursday to 25%, as the nation looks to begin to rein in its spiraling…
Japan Gauges Point To Broadening Inflation
As several measures of broad price trends in Japan have reached record highs in July, analysts are saying the nation is seeing early signs of a persistent inflation which will…
Spanish Food Prices Soar
In July, Spanish food prices soared by 30.8% compared to the same period in 2019, prior to the Covid-19 outbreak, according to a report in El Mundo on Friday, which…
French Consumers Forced To Cut Back On Hygiene And Beauty Products Due To Inflation
French broadcaster BFMTV reported this week that a new survey by NielsenIQ has found that roughly 45% of French citizens have had to reduce their spending on beauty products this…
Argentina Devalues Peso, Jacks Interest Rates After Shock Win Of Right-Leaning Libertarian
On Monday, following a shocking Argentine primary election win by far-right libertarian candidate for President Javier Milei, Argentina’s central bank devalued its currency, the peso, by almost 18%, and jacked…
