Browsing: Inflation

The US Federal Reserve’s favored inflation measure eased further in June, according to government data published Friday, in more good news for policymakers ahead of next week’s interest rate decision.

RIYADH: Saudi Central Bank governor praised the “well-calibrated” monetary policies adopted by global financial institutions to tackle inflation and bolster the resilience of the world economy amid diverse challenges.

RIYADH: Saudi Arabia’s annual inflation rate reached 1.5 percent in June compared to the same month last year, driven primarily by rising housing costs, according to the latest data. 

U.S. consumer sentiment ebbed in July, but inflation expectations over the next year and beyond improved, a survey showed on Friday.

A decrease in food prices contributed to Egypt’s annual consumer price inflation rate reaching 27.1 percent in June, slightly down from 27.4 percent in the previous month

The Federal Reserve has taken great strides in lowering inflation back down toward its 2% target rate but is still “a way” from achieving the goal

The U.S. Fed, in its latest meeting, noted a lack of significant progress towards reaching the 2 per cent inflation target

Turkey has been battling a cost-of-living crisis that prompted President Recep Tayyip Erdogan to drop his opposition to interest-rate hikes to combat inflation.

The eurozone’s annual rate of inflation cooled in June in line with analysts’ expectations thanks to a slowdown in food and energy price rises, official data showed on Tuesday.

The Central Bank of the UAE has revised the inflation forecast for the country this year to 2.3%, down from its previous projection of 2.5%.