NEW YORK, July 27 (Xinhua) — The U.S. Federal Reserve on Wednesday punched interest rates to their highest level in 22 years, its eleventh escalation since March 2022, and Americans are feeling the h
Tag: inflation
ECB raises rates by 25 bps
This photo taken on July 27, 2023 shows the Euro sign in Frankfurt, Germany. The European Central Bank (ECB) raised its key interest rates by 25 basis points (bps) on Thursday to curb inflation. (Xinh
U.S. Fed hikes interest rates by 25 basis points
U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on July 26, 2023. The U.S. Federal Reserve on Wednesday raised its benchmark interest rates
China\’s consumer inflation flat, factory-gate price fall
Vegetable supplies return to normal levels at a market in Beijing. [Photo by Li Xinlei/China Daily]
China\’s consumer inflation stayed flat in June while factory-gate price decline sped up, official da
China\’s CPI flat in June
BEIJING, July 10 (Xinhua) — China\’s consumer price index (CPI), a main gauge of inflation, came in flat in June compared with the same period last year, the National Bureau of Statistics (NBS) said M
China\’s bumper harvest brings confidence amid global inflation
TAIYUAN/JINAN, June 24 (Xinhua) — Rows of harvesters powered through the knee-high wheat in Xinjiang County, north China\’s Shanxi Province, harvesting over 600 mu (about 40 hectares) in just a few ho
U.S. high inflation causes huge living pressure for Americans
(Cartoon by Tan Xiguang)
The negative impact of high inflation the U.S. experienced last year lingers on, though inflation in the country has gradually eased recently.
According to a recent Federal Re
Central bank ups Slovenia\’s 2023 GDP growth forecast to 2 pct
LJUBLJANA, June 16 (Xinhua) — The Bank of Slovenia on Friday increased its 2023 gross domestic product (GDP) growth forecast to 2 percent from 0.8 percent published last December.
For 2024, the bank
Russia maintains economic stability despite challenges: Putin
ST. PETERSBURG, June 16 (Xinhua) — Russia has successfully maintained economic stability in the face of \”unprecedented challenges,\” President Vladimir Putin said on Friday.
\”Positive macroeconomic tr
Pakistan reports record high inflation of 37.97 pct in May
ISLAMABAD, June 2 (Xinhua) — Pakistan saw a record high inflation of 37.97 percent year on year in May, the Pakistan Bureau of Statistics (PBS) has said.
Inflation in May increased by 1.58 percent mo