Food
Nigeria's economic indicators are gradually aligning towards stability, with the Manufacturers Association of Nigeria (MAN) forecasting a significant decrease in the country's inflation rate. According to projections, the inflation rate is expected to fall to 14% by 2026, driven by easing food prices, stable energy prices,
Food
Shop price inflation in the UK slowed to 1% in October, driven by fierce competition amongst retailers and widespread discounting, according to the latest figures from the British Retail Consortium (BRC) and NielsenIQ. Fresh food prices, however, saw a sharp rise, with beef, poultry, and fruits driving inflation to 4.
Food
The State Bank of Pakistan's Monetary Policy Committee (MPC) has decided to maintain the policy rate at 11% after weighing the impact of recent floods and higher food prices on inflation. Despite concerns over inflation and economic activity, the MPC deemed the current rate appropriate to maintain price
Food
Retail leaders from leading UK brands, including Tesco, Sainsbury's, Marks & Spencer, and others, have come together in a letter to express concerns about food inflation and the disproportionate tax burden affecting the industry. The letter highlights the highly competitive nature of the UK grocery market, with narrow
Inflation (Economics)
UK executives and directors at major supermarkets including Tesco, Sainsbury's, Aldi, Asda, Iceland, Lidl, Marks & Spencer, Morrisons, and Waitrose have co-signed a letter to Rachel Reeves, urging the Chancellor to exempt shops from a new business rates surtax. The British Retail Consortium (BRC) organized the letter, warning
Inflation (Economics)
The International Monetary Fund's upgraded growth forecast for the UK to 1.3% from 1.2% has been met with skepticism, as inflation remains a pressing concern. With inflation forecast to hit 3.8% in the year to September, the highest in the G7 group of advanced economies,
Inflation (Economics)
The United States has seen inflation slow down to 3% in September, a welcome relief after nearly two years of prices rising faster than people's paychecks. This slowdown suggests that the wave of high prices triggered during the pandemic may be losing strength. As a result, Americans might
Consumer price indexes
US consumer prices increased 0.3% from August and 3% from a year earlier, missing forecasts of 0.4% and 3.1%, respectively. The Labor Department's Consumer Price Index (CPI) report also showed core CPI, excluding volatile food and energy components, climbed 0.2% on the month and
Government shutdowns
US inflation rose 3 percent in September, the fastest annual pace since the start of the year, but economists had been expecting slightly more intense price pressures. The Consumer Price Index, released 10 days late due to the government shutdown, was lower than the previous 2.9 percent level. Core
Consumer price indexes
As the country grapples with the implications of a potential government shutdown, the latest Consumer Price Index (CPI) data reveals that inflation has remained steady, averaging just 2.5% since President Donald J. Trump took office. This marks a significant decline from the average 5% inflation rate under the previous
Inflation (Economics)
The Pakistan Bureau of Statistics (PBS) has reported an increase in the weekly inflation, measured by the Sensitive Price Indicator (SPI), by 0.22 percent for the combined consumption group during the week ended on October 23, 2025. According to the PBS data, the SPI for the week under review
Gasoline
As the summer driving season winds down, gas prices have begun to climb, but remain lower than they were this time last year. Despite a 4.1 percent increase in prices at the pump from a month earlier, driving costs are still a relatively bright spot for consumers. However, this
