President Recep Tayyip Erdogan is trying to soften the blow of inflation on the population and using legal threats to bolster his position ahead of a vote that could reshape his country.
Tag: Inflation (Economics)
In U.K. Cost-of-Living Crisis, Some Workers Struggle to Feed Children
As inflation hits the pockets of families who already had little to spare, food banks say they are getting much busier and seeing more people with jobs.
Inflation Is So High in Egypt That Eggs Are a Luxury
After months of punishing inflation and a plummeting currency, Egyptians are growing louder about the crisis. In exchange for a bailout, the I.M.F. is imposing stern conditions on the government.
High Food Prices Rile Up Canadians
Grocery stores have become a lightning rod for consumer discontent amid inflation and lingering mistrust after a bread price-fixing scandal.
Germany’s Inflation Rate Hit a High in 2022
The pace of consumer price increases began easing late in the year, but the country’s annual rate of inflation set a new, post-Cold War record.
Russia Central Banks Keeps It’s Key Interest Rate Steady Amid Inflation
The country’s central bank said inflation, at 12 percent, risked rising because of a growing budget deficit.
Skyrocketing Prices in Turkey Hurt Families and Tarnish Erdogan
Annual inflation is around its highest level in decades, devaluing salaries and devouring savings less than a year before President Recep Tayyip Erdogan runs for re-election.
How the ‘Price Cap’ on Russian Oil Works
The plan to curb Moscow’s oil revenues relies heavily on European shipping and insurance companies, but experts point to major loopholes.
Inflation in Eurozone Slows as Energy Prices Ease, but Officials Remain Wary
Consumer prices rose at an annual rate of 10 percent in November, down from 10.6 percent a month earlier, the first moderation in 18 months.
Meet the Man on a Mission to Expose Sneaky Price Increases
Edgar Dworsky has become the go-to expert on “shrinkflation,” when products or packaging are manipulated so people get less for their money.