NEWSWORTHY
Venezuela's annual inflation hit 488,865% in September: congress
Venezuelan consumer prices rose 488,865 percent in the 12 months ending in September, a member of the opposition-run congress reported on Monday, as the OPEC nation's hyperinflation continues to accelerate amid a broader economic collapse. Daily inflation is now 4 percent, according to opposition legislator ...
Japan firms' inflation expectations slipped after BOJ policy shift, tankan shows
Companies' expectations for inflation over the next year have receded slightly after the Bank of Japan conceded it will take some time to reach its inflation target, according to the central bank's latest tankan survey. Firms expect consumer prices to have risen 0.8 percent a ...
Japan inflation ticks up but central bank's target still out of reach
The nation's annual core consumer inflation ticked up slightly in August but remained distant from the Bank of Japan's 2 percent target, suggesting that monetary policy will stay ultraloose for the time being. The proportion of items in the inflation gauge that rose in price ...
Bashir to sack Sudan Cabinet as economic crisis grows, inflation soars
Sudan President Omar al-Bashir has decided to sack the country's 31-member Cabinet and form a new government to tackle a growing economic crisis, the presidency announced on Sunday. Bashir is expected to announce his decision at a late-night meeting of the top leaders of his ...
Why is the U.S. in the middle of an economic boom?
BOJ chief Haruhiko Kuroda rules out hiking interest rates for 'quite a long time'
As its U.S. and European peers tighten monetary policy, the chief of Japan’s central bank clarifies that its July policy phrase “an extended period” means “quite a long time.”
Londoners still driven from capital as home prices remain out of reach
Londoners are buying more homes outside the capital as prices remain too high, even after the end of a decade-long housing boom. In the first half, Londoners bought more than 30,000 homes outside the city, a 16 percent rise from a year ago and 61 ...
Core inflation stayed flat at 0.8% in July, backed by higher lodging, energy costs
Inflation stayed steady in July amid rising energy costs but remained far below the Bank of Japan's elusive target rate of 2 percent, government data showed Friday. Japan's core consumer price index, which excludes the volatile prices of fresh food but not energy, rose 0.8 ...
U.S. is overdue for another Lehman-type episode
Those who see no Lehman-like episode on the horizon did not see the last one.
Will inflation kill the U.S. economy?
The Federal Reserve is in danger of forgetting the important lessons of high inflation.
Venezuela's Maduro can't survive million percent inflation, says Colombia's Santos
Nicolas Maduro's days as president of crisis-ravaged Venezuela are numbered, his departing Colombian counterpart Juan Manuel Santos told AFP. "I can see it happening in the near future," said Santos, pointing to the International Monetary Fund's latest projection that Venezuela's inflation will hit 1 million ...
