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Inflation

Thais pessimistic about the economy ahead of 2019 election

THAILAND’S economic performance is a major gripe of its citizens according to recent opinion polls, as the ruling military junta prepares to return the country to democracy early next year. Data released this week by the University of the Thai Chamber of Commerce found that more than half of consumers surveyed …

Why it is so difficult to measure inflation

BRITAIN introduced its first index of the cost of living in 1914. It has gone through plenty of iterations since then. The retail-prices index was introduced in 1947 and a consumer-prices index came into being in 1996. Most recently, in March 2017 Britain’s statistics office introduced a new headline measure …

GM quits Venezuela after govt seizes factory

VALENCIA, Venezuela (AP) — General Motors announced Thursday that it was shuttering operations in Venezuela after authorities seized its only factory, a dramatic escalation of the chaos engulfing the South American nation amid days of deadly protests. The plant in the central city of Valencia was confiscated on Wednesday as …

UK cost of living keeps rising due to Brexit impact

LONDON (AP) — Britain says the consumer price inflation rate rose to 2.3 percent in February, from 1.8 percent the month before, as the pound’s drop since Britain’s vote to leave the European Union caused the cost of living to rise. The Office of National Statistics said Tuesday the annual …

Egypt: Inflation rose nearly 30 percent in January

CAIRO (AP) — Egypt says its annual inflation rate has risen to 29.6 percent in January, a rise of more than five percent over the previous month. The figure was released Saturday by the state’s statistics agency. The steep rise in Inflation rates for December and January is mostly the …

Venezuela debuts new banknotes amid soaring inflation

CARACAS, Venezuela (AP) — Venezuelans stood in long ATM lines Monday to take out new, larger-denominated bills that President Nicolas Maduro hopes will help stabilize the crisis-wracked economy. Maduro last month said he was scrapping circulation of the most used bill, the 100-bolivar note, and replacing it with new bills …