The Latest Breaking News from Inflation

President Emmanuel Macron's plans to raise the retirement age by two years may deliver meagre economic and financial gains over time, but come at the cost of infuriating unions and aggravating workers already stung by the inflation crisis.

Egypt's annual urban consumer inflation rose sharply in December to 21.3 percent, its highest level in five years, according to Central Agency for Public Mobilization and Statistics (CAPMAS). The inflation rate in December was the highest since 2017 when it reached 21.9 percent. The rise from 18.7 percent in November…

Egypt's pound weakened on Wednesday to a new low of 30 against the US dollar after fluctuating in morning trading, Refinitiv data showed. Egypt committed to a flexible currency, a greater role for the private sector and a range of monetary and fiscal reforms when it agreed to a $3…

The French government's plan to raise the retirement age from 62 to 64 has many people worried, especially those who work in physically demanding professions. Though the government says there will be possibilities for early retirement based on working conditions, we meet French metalworkers who remain concerned about their future.…

Asian shares are trading higher, boosted by a rally on Wall Street that came ahead of some potentially market-moving reports scheduled for later in the week

It is the second increase in less than a year, as the price went up by 15c in March 2022

Housing, food and transport costs fed into a higher inflation score for November after a softer October result.

Inflation rose again in November, making further interest rate rises more likely, with price hikes dominated by groceries, dining out, travel and housing.

This is the sixth and final installment in our series on where the global economy is heading in 2023. It follows recent articles on industrial action, inflation, energy, food and the cost of living.

Stifel’s chief equity strategist says stocks have “likely locked in a weak 2020s decade,” which means investors should be cautious about any near-term market rally.

The S&P 500 (SPY) seems to be rising once again. However, there are several reasons to consider before joining the bull party. In fact, Steve Reitmeister, CEO of StockNews.com, provides many reasons to consider doubling down on bearish bets with more downside soon on the way. Read on below for…