The Latest Breaking News from Inflation

The UAE Minister of Energy, Suhail al-Mazrouei, said on Monday that several factors will drive oil prices in 2023, mainly the end of China's zero-COVID policy, the US decision to refill the Strategic Oil Reserve, the sanctions imposed on Russian seaborne oil products, and ongoing global inflation. Mazrouei also said…

The inflation rate of the Consumers Price Index (CPI) in Oman stood at 1.98 percent during December 2022, according to the latest data issued by the National Centre for Statistics and Information (NCSI). Oman News Agency (ONA) reported on Sunday an increase in the prices of primary groups in December…

All four sectors were hit hard, but signs of easing inflation offers hope

Private sector output falls for the fifth month running, while employment falls for the first time in 21 months

The Royal Bank of Scotland said the number of people in employment fell for the first time since April 2021.

Anti-poverty group Oxfam says companies making big profits as inflation surges should face windfall taxes to help cut global inequality

Despite the inflation crisis, the wealthiest Australians continue to get richer and experts are now calling on the government to scrap planned tax cuts.

Bitcoin jumped above US$19,000, its highest level since November 2022, as US inflation fell to 6.5%, raising analysts' expectations that the Federal Reserve will increase interest rates by only 0.25% at its meeting later this month.

Experts forecast falling energy costs and a halving of inflation lie ahead but warned some will still struggle