The Federal Reserve may have no choice but to wage a relentless inflation fight, but countries rich and poor are feeling the pain of plunging currencies.
Tag: Inflation (Economics)
Pakistan Is Devastated by Floods, Faces Looming Food Crisis
The flooding has crippled Pakistan’s agricultural sector, battering the country as it reels from an economic crisis and double-digit inflation that has sent the price of basics soaring.
Pakistan Is Devastated by Floods, Faces Looming Food Crisis
The flooding has crippled Pakistan’s agricultural sector, battering the country as it reels from an economic crisis and double-digit inflation that has sent the price of basics soaring.
Rising Energy Prices and High Inflation: The Economic Issues Facing Liz Truss
Consumer prices in Britain are rising at their fastest pace in decades, as the inflation rate exceeds 10 percent and is expected to keep climbing.
Europe’s Leaders Vow Economic Relief, Fearing Unrest
Germany, Sweden and the Czech Republic announced measures to populations feeling the bite of rising inflation and energy costs tied to war in Ukraine.
Spain Offers Free Train Tickets Through End of Year
Rail passengers will be able to take free train journeys under 300 kilometers (186 miles) until the end of the year.
U.K. Prime Minister Race Ends With Little Focus on Economy
The contest to succeed Boris Johnson as Conservative Party leader and prime minister has often seemed divorced from Britain’s fast-growing problems.
Why Many in Argentina Continue to Bet on Cryptocurrency
Even though cryptocurrencies have lost value, many Argentines see them as a less risky choice than their own currency, whose worth has plunged as inflation has soared.
As Soaring Prices Roil Britain, Its Leader Vacations and a Likely Successor Sidesteps the Issue
Britain is facing multiple economic shocks, from soaring energy prices to the hollowing out of the labor market by Brexit. But these issues seem disconnected from the fight to replace Boris Johnson.
U.K. Train Strikes Bring More Summer Disruptions
Travelers resigned themselves to additional days of struggles as workers seeking higher pay walked out, a day after Britain reported its highest inflation rate in decades.