Inflation

Businesses are "on their knees" thanks to energy prices, inflation and the wage crisis, according to Michael Queenan, co-founder and CEO of Nephos Technologies.

Two years after inflation began its rapid ascent, investors, economists and policymakers remain divided on the path ahead.

HelloFresh forecast 2023 profit below analysts' expectations on Tuesday, sending its shares down as much as 12.7%, as fewer people order its meal kits in reopening economies and as inflation trims household budgets.

French Finance Minister Bruno Le Maire has reached a deal with the country's main supermarket chains to help shoppers cope with food price inflation, he said on Monday.

Sri Lanka's decision to raise interest rates shows the crisis-hit country's commitment to reducing inflation quickly towards single-digit levels.

Major central banks resumed their quest to ramp up interest rates in February after a tepid start to the year with price pressures proving more sticky than markets and many policy makers had hoped for.

British grocery inflation hit 17.1% in the four weeks to Feb.

Australian retail sales rebounded in January after a surprise plunge in December that owed much to changing spending habits, though the underlining pulse was facing headwinds from high inflation and rising interest rates.

Turkey's devastating earthquake will keep inflation above 40% in the run-up to elections scheduled for June and will necessitate an additional budget, a government official and four economists said.

Insight and analysis into the energy market from BDSwiss CEO MENA demonstrates the undetermined nature currently facing one of the world's leading markets.

Walmart reported better-than-expected profits over the critical holiday-season quarter Tuesday, but offered a disappointing outlook as inflation weighs on consumers.

Prices of everyday basics like Bounty paper towels and Cadbury chocolate may rise again this year while those of others like Clorox Co wipes and Diet Pepsi are likely to stay steady.

United Kingdom inflation eased to 10.1% in January 2023 and eased the pressure on the Bank of England. Many retailers, however, need to maintain higher product prices.

Australian supermarkets will reap bigger profits in fiscal 2023 half-year due to decades-high inflation and increased savings, but analysts warned of a rough second-half as households reel from mounting expenses due to higher cost of living.

Britain's Conservative government of Prime Minister Rishi Sunak is temporarily subsidising electricity and gas bills this winter.

Swiss food giant Nestle said on Thursday sales rose last year but inflation nibbled at its margins, while net profits plunged due to asset disposals in 2021.

Research from Metapack, ShipStation and Retail Economics reveals consumers tend to pay more for less, with inflation adding £18.2 billion to UK non-food sales, regardless of the decline in volumes by 4.9%.

That's still a high level of inflation, but the pound's retreat reflected a shift for the foreign exchange market.

This Valentine's Day is set to look different after a year of record food inflation that has sent up prices of everything from flowers to chocolates and dining in restaurants.

A look at the day ahead in Asian markets from Jamie McGeever.

Shoppers around the world will pay even more for groceries this year than they did in 2022, according to retailers, consumer goods firms and investors, unless commodity costs decline or the shift to cheaper store-brand products accelerates.

Amazon.com Inc on Thursday said its operating profit could fall to zero in the current quarter as savings from layoffs do not make up for the financial impact of consumers and cloud customers clamping down on spending.

UK public libraries are government-funded via local councils but have suffered from large budget cuts in recent years.

Stock markets seesawed Friday as data showed a key US inflation indicator easing in December, opening the door for the Federal Reserve to slow its rate-hike campaign.

Spain's economy grew faster than expected in 2022 as strong domestic consumption and a surge in investement offset worries over high inflation, officials figures showed Friday.

Visa Inc's revenue growth continued to wind back to pre-pandemic levels in the first quarter as the post-lockdown travel craze ebbed and consumer spending slowed in a tough economy.

The National Education Union declared seven days of walkouts in February and March after nine out of 10 union teacher members voted for strike action.

Since at least the early 1980s, household debt-to-income ratios have been increasing dramatically.

British private-sector economic activity fell at its fastest rate in two years in January, a survey showed on Tuesday, as businesses blamed higher Bank of England interest rates, strikes and weak consumer demand for the slowdown.

Britain's government borrowed more last month than in any December since monthly records began 30 years ago, reflecting the huge cost of energy support and soaring debt interest linked to rising inflation.