UK inflation to be highest among big economies in 2023
Britain's high inflation rate has led the Bank of England to raise borrowing costs 14 times in a row since December 2021.
Pakistan raises petrol, diesel prices by record amount
Consumer prices in the country of 241 million people rose 27.4% in August.
Pandemic, inflation push 68 million more in Asia into extreme poverty
Price increases affected everyone but poorer people were hit the hardest because they had to spend more on food and fuel, making it difficult to save money and pay for essentials including health care and education.
India imposes 40% export duty on onions to calm rising prices
The duty imposed by the world's biggest exporter of onions will help New Delhi dampen local prices ahead of key state elections later this year but will force Asian buyers to shell out more.
Philippines' Marcos says inflation 'moving in right direction'
The Philippines remains vulnerable to global price shocks because it buys a sizeable portion of its rice overseas, and relies on imports for most of its fuel requirements.
Oil prices fall despite output cuts, equities wobble
Although Asian stock markets advanced as easing inflation data fuelled hopes that central banks could be nearing the end of their interest rate hiking cycle, European stocks ended mostly lower.
Inflation hits royal finances as King Charles turns down heating to save emissions
But critics of the royals say the monarchy costs far more than the annual Sovereign Grant report suggests.
Pakistan inflation rockets to record 37.97%
Non-perishable foods and transport costs climbed more than 50% over May 2022, while average inflation for the past 12 months was 29.16%.
Menu Rahmah helps cut food inflation, says minister
Salahuddin Ayub says inflation for food outside the home has dropped from 9.6% to 9.3% since the initiative was introduced in January.
NZ sees bigger deficit as economy sputters, spending boost to fan inflation
Finance minister Grant Robertson announced billions towards rebuilding infrastructure following severe weather events at the start of the year and towards helping those struggling with increased living costs.
IMF chief says global economy mired in weak growth, sticky inflation
The IMF has warned that a major new flare-up of banking system turmoil could slam global growth back to 1%, throwing many economies into recession and putting major stresses on emerging market economies.
Thousands protest in Portugal over housing crisis
Portugal is one of Western Europe's poorest countries, with government data showing more than 50% of workers earned less than €1,000 per month last year.
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