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UK inflation jumps to 40-year high of 9% as food and energy prices spiral

UK inflation jumps to 40-year high of 9% as food and energy prices spiral

LONDON — U.K. inflation soared to a 40-year high of 9% in April as food and energy prices spiraled, official figures revealed Wednesday, escalating the country’s cost-of-living crisis. Consumer prices rose by 2.5% month-on-month, fractionally below expectations for a 2.6% climb in a Reuters poll of economists, which had also projected a 9.1% annual increase. […]

How is inflation hitting low-income households in developing nations?

How is inflation hitting low-income households in developing nations?

As consumers from Britain to the United States feel the pinch of the highest inflation in decades, rising food and energy costs are squeezing household budgets in developing economies, too. U.S. annual inflation clocked its highest rate in 40 years last month, official data showed last week, while inflation in Britain reached a 30-year high […]

Nigeria’s Inflation Falls for Fifth Straight Month in August

Nigeria’s Inflation Falls for Fifth Straight Month in August

The announcement comes ahead of Friday’s meeting of the Central Bank of Nigeria’s monetary policy committee which will decide on the benchmark lending rate. Nigeria’s annual inflation slowed in August for a fifth straight month to 17.01 per cent after the rate at which food prices increased fell, the National Bureau of Statistics said Wednesday. The announcement […]

Menstrual Poverty

Menstrual Poverty

A fifty-year-old woman who began her period at age 13 has had nothing less than 400 menstrual experiences. This means she has bought more than four hundred packs of sanitary pads in her life as this is the most common hygienic way to take care of this monthly call of nature. In addition to the […]

Nigeria’s Inflation Hits 14.23% – a 30-Month High

Nigeria’s Inflation Hits 14.23% – a 30-Month High

All-item inflation was the highest in Sokoto, Edo, and Akwa Ibom while Oyo, Taraba, and Jigawa river recorded the slowest rise. Nigeria’s inflation rate has climbed to a 30-month high, as it rose further to 14.23 percent in October, the latest figures by the National Bureau of Statistics (NBS) has shown. The report published on the website […]

Zimbabwe Battling With Inflation, No Food, No Jobs

Zimbabwe Battling With Inflation, No Food, No Jobs

The country’s annual rate of inflation increased by 10,16 percentage points to 31,01 percent in November from 20,85 percent in October as speculative price increases took toll on the economy. Analysts, however, said the figures announced yesterday are still too far for the country to enter hyperinflation zone and indications are the inflation rate will […]

Morocco’s GDP Growth To Slow To 2.8 Percent In 2018

Morocco’s GDP Growth To Slow To 2.8 Percent In 2018

Morocco’s economic growth will slow to 2.8 percent this year, down from 4 percent in 2017, officials forecast on Wednesday, blaming a decline in agricultural production. A lack of rainfall will cause farming output to fall by 1.3 percent this year after a 13.6 percent gain last year due to better weather conditions, officials told […]

Euro Economy is Heading Toward a Golden Period

Euro Economy is Heading Toward a Golden Period

Europe is no longer the sick man of the world economy. The 19-nation bloc is already enjoying the strongest growth in a decade and now economists at Credit Suisse Group AG and Oxford Economics are declaring that it’s heading toward a golden period of low-inflationary expansion. The turnaround is striking for a region that plunged from […]

Intimidation Tactics Gagging Traders in Kenya’s Currency Market

Intimidation Tactics Gagging Traders in Kenya’s Currency Market

Kenya’s central bank is taking an unusual approach to protecting its currency: intimidation. Monetary authorities in Nairobi have been cracking down on selling, hedging and even making bearish predictions, according to traders and analysts. In a sign of the skittishness, none of 12 market participants contacted by Bloomberg spoke on the record, citing possible retaliation. […]

The Last Thing Kenya’s Economy Needs Is a Chaotic Election

The Last Thing Kenya’s Economy Needs Is a Chaotic Election

For Ike Ochiango, who sells long-life milk to informal traders in Nairobi’s sprawling Kibera slum, Kenya’s Aug. 8 presidential election is bad for business. “People are not buying,” says the 26-year-old, as he takes a break from pulling his makeshift handcart laden with cartons along a rutted dirt road in the traffic-choked capital. “They are […]

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