Retailers In UK Accused Of Profiteering By BoE
Andrew Bailey, the Governor of the Bank of England, has attacked British retailers for engaging in “greedflation,” accusing them of taking advantage of the cost of living crisis to raise…
Turkish Inflation Begins To Cool
On Wednesday, Turkish statistics service TUIK released data which showed that in June, annual inflation in Türkiye slowed to its lowest rate in over a year, The data showed that…
As Italian Inflation Surges, Italians Cut Back On Food Expenditures
According to a new report by the General Confederation of Italian Industry (Confindustria), households in Italy are cutting back on their food spending due to the soaring inflation afflicting the…
Eurozone Inflation Continues
According to preliminary data released on Friday, Eurozone core inflation accelerated and remained stubbornly high in June. The 20 countries which share the euro saw headline inflation reach 5.5% this…
German Inflation Takes Off Again
In June, the Eurozone’s biggest economy, Germany, saw inflation hit 6.4% in yearly terms, marking the measure’s first increase since January, according the the Federal Statistical Office (Destatis) on Thursday.…
Among European Nations Only Russia Saw Food Prices Fall
According to a new report by Ria Novosti on Sunday, the only European nation to see the prices of its food fall last month, referred to as deflation, was Russia.…
Turkey’s Central Bank Returns Nation To Financial Rationality
According to a new statement published Sunday on the website of Türkiye’s Central Bank, the regulator has simplified the securities maintenance regulation of the country, as part of an overhaul…
UK Rate Increases Draining Homeowners With Mortgages
In a new report issued Thursday, the UK’s National Institute of Economic and Social Research (NIESR) has warned that homeowners in Britain may have to pay 50% more on their…
Germans Skimp On Food Purchases Due To Inflation
New data from Deloitte’s Global Consumer Pulse Survey released this week showed that as prices have soared, a growing number of Germans have had no choice but to shift their…
In Britain, Shoplifting Surges As Cost Of Living Soars
A new report published on Thursday by the British Association of Convenience Stores (ACS) says the cost of living crisis in the UK is fueling a surge in shoplifting. Data…
