Japan to slash sales tax on food as inflation bites Japan will temporarily slash consumption tax on food from 8% to 1% starting next April, the prime minister said today, as her administration seeks to tackle rising inflation. Business • 30 Jul
Japan to slash sales tax on food as inflation bites Japan will temporarily slash consumption tax on food from 8% to 1% starting next April, the prime minister said today, as her administration seeks to tackle rising inflation. Business • 30 Jul
Inflation eases to 3.1% in July, flash estimate shows The rate of inflation eased to 3.1% in July from 3.2% a month earlier, a flash estimate of the Harmonised Index of Consumer Prices from the Central Statistics Office shows today. Business • 30 Jul
Inflation eases to 3.1% in July, flash estimate shows The rate of inflation eased to 3.1% in July from 3.2% a month earlier, a flash estimate of the Harmonised Index of Consumer Prices from the Central Statistics Office shows today. Business • 30 Jul
Grocery price inflation eased in June - Worldpanel Grocery prices rose by almost 4.2% in the four weeks to mid-June, the slowest rate of increase since February 2025. Business • 27 Jul
Grocery price inflation eased in June - Worldpanel Grocery prices rose by almost 4.2% in the four weeks to mid-June, the slowest rate of increase since February 2025. Business • 27 Jul
ECB policymakers warn about growing inflation risks Inflation risks are high and the European Central Bank may need to raise interest rates again in response to the Iran crisis, three policymakers said today, but all stopped short of calling for a hike at the bank's next meeting in September. Business • 24 Jul
ECB policymakers warn about growing inflation risks Inflation risks are high and the European Central Bank may need to raise interest rates again in response to the Iran crisis, three policymakers said today, but all stopped short of calling for a hike at the bank's next meeting in September. Business • 24 Jul
Japan inflation accelerates on higher oil price, weak yen Core inflation accelerated in Japan in June, official data showed today as the Middle East war and a weak yen pushed up prices for consumers in the world's fourth-biggest economy. Business • 24 Jul
Japan inflation accelerates on higher oil price, weak yen Core inflation accelerated in Japan in June, official data showed today as the Middle East war and a weak yen pushed up prices for consumers in the world's fourth-biggest economy. Business • 24 Jul
Canada's annual inflation rate cools below forecast Canada's annual inflation rate cooled more than expected to 2.8% in June, data showed today, as gasoline costs fell sharply after the US and Iran signed their memorandum of understanding to end the war. Business • 20 Jul
Canada's annual inflation rate cools below forecast Canada's annual inflation rate cooled more than expected to 2.8% in June, data showed today, as gasoline costs fell sharply after the US and Iran signed their memorandum of understanding to end the war. Business • 20 Jul
Back to square one: 5 questions for the ECB The European Central Bank meets again on July 23, with oil prices back at the top of the worry list for policymakers. Business • 17 Jul
Back to square one: 5 questions for the ECB The European Central Bank meets again on July 23, with oil prices back at the top of the worry list for policymakers. Business • 17 Jul
The highs and lows and highs of fuel prices Oil prices are not cheap in the summer and expensive in winter - the price is driven by the global economy and speculation on the futures market, not the weather. Business • 11 Jul
The highs and lows and highs of fuel prices Oil prices are not cheap in the summer and expensive in winter - the price is driven by the global economy and speculation on the futures market, not the weather. Business • 11 Jul
Annual inflation slows slightly to 3.4% in June - CSO New figures from the Central Statistics Office show that annual consumer price inflation eased slightly to a four-month low of 3.4% in June from 3.6% the previous month. Business • 09 Jul
Annual inflation slows slightly to 3.4% in June - CSO New figures from the Central Statistics Office show that annual consumer price inflation eased slightly to a four-month low of 3.4% in June from 3.6% the previous month. Business • 09 Jul
China inflation steady in June as energy costs cool China's consumer prices stabilised in June as energy and commodities prices cooled, official data showed today. Business • 09 Jul
China inflation steady in June as energy costs cool China's consumer prices stabilised in June as energy and commodities prices cooled, official data showed today. Business • 09 Jul
RAM Jam: Why Apple & other tech firms' prices have spiked Last week Apple jacked up prices on many of its products, following similar moves by others, and it's all thanks to the AI industry, writes Adam Maguire. Business • 04 Jul
RAM Jam: Why Apple & other tech firms' prices have spiked Last week Apple jacked up prices on many of its products, following similar moves by others, and it's all thanks to the AI industry, writes Adam Maguire. Business • 04 Jul
Turkey's annual inflation dips slightly to 32.1% in June Turkey's annual inflation eased to 32.1% in June from 32.6% in May, though sharp increases in housing and education costs drove consumer prices higher, official data showed today. Business • 03 Jul
Turkey's annual inflation dips slightly to 32.1% in June Turkey's annual inflation eased to 32.1% in June from 32.6% in May, though sharp increases in housing and education costs drove consumer prices higher, official data showed today. Business • 03 Jul
German headline inflation eases in June, core stabilises German inflation slowed in June on lower energy prices while core inflation stabilised, easing concerns that price pressures from the Iran war could spread more widely through the economy. Business • 30 Jun
German headline inflation eases in June, core stabilises German inflation slowed in June on lower energy prices while core inflation stabilised, easing concerns that price pressures from the Iran war could spread more widely through the economy. Business • 30 Jun
Annual inflation slows to 4-month low of 3.3% - estimate The rate of inflation is estimated to have eased to 3.3% in June from 3.5% a month earlier to hit a four-month low. Business • 30 Jun
Annual inflation slows to 4-month low of 3.3% - estimate The rate of inflation is estimated to have eased to 3.3% in June from 3.5% a month earlier to hit a four-month low. Business • 30 Jun
Euro zone inflation could stay high for some time - Lane Euro zone inflation could remain above the European Central Bank's 2% target for some time, even if peace in the Middle East materialises, ECB chief economist Philip Lane said today. Business • 23 Jun
Euro zone inflation could stay high for some time - Lane Euro zone inflation could remain above the European Central Bank's 2% target for some time, even if peace in the Middle East materialises, ECB chief economist Philip Lane said today. Business • 23 Jun
Japan inflation unchanged in May after Bank of rate hike Japan's core inflation was unchanged in May from April, government data showed today, days after the central bank hiked rates to a 31-year high because of the Middle East war. Business • 19 Jun
Japan inflation unchanged in May after Bank of rate hike Japan's core inflation was unchanged in May from April, government data showed today, days after the central bank hiked rates to a 31-year high because of the Middle East war. Business • 19 Jun
Central Bank warns of 5% inflation in 2027 in severe case The Central Bank has revised upwards its forecasts for inflation for this year and next, and warned of the possibility of it reaching almost 5% in a severe scenario in 2027. Business • 18 Jun
Central Bank warns of 5% inflation in 2027 in severe case The Central Bank has revised upwards its forecasts for inflation for this year and next, and warned of the possibility of it reaching almost 5% in a severe scenario in 2027. Business • 18 Jun
ECB's Lagarde welcomes Middle East peace deal ECB President Christine Lagarde has welcomed news of a US-Iran ceasefire, saying it could help reopen the Strait of Hormuz, although fellow policymaker Joachim Nagel cautioned it would bring no immediate relief to high euro zone inflation. Business • 15 Jun
ECB's Lagarde welcomes Middle East peace deal ECB President Christine Lagarde has welcomed news of a US-Iran ceasefire, saying it could help reopen the Strait of Hormuz, although fellow policymaker Joachim Nagel cautioned it would bring no immediate relief to high euro zone inflation. Business • 15 Jun
Energy price rises hit low-income homes harder, says ESRI Recent energy price rises hit low-income households disproportionately with Government supports only offsetting part of the impact, a new report from the Economic and Social Research Institute has found. Business • 12 Jun
Energy price rises hit low-income homes harder, says ESRI Recent energy price rises hit low-income households disproportionately with Government supports only offsetting part of the impact, a new report from the Economic and Social Research Institute has found. Business • 12 Jun
Annual inflation dips to 3.6% in May from 3.7% - CSO New figures from the Central Statistics Office show that the rate of inflation fell to 3.6% in May from a two-year high of 3.7% in April. Business • 11 Jun
Annual inflation dips to 3.6% in May from 3.7% - CSO New figures from the Central Statistics Office show that the rate of inflation fell to 3.6% in May from a two-year high of 3.7% in April. Business • 11 Jun
China inflation stabilises in May as energy costs ease Chinese consumer prices remained stable in May, as official data today showed the impact of soaring energy prices had started to fade, while increased demand for AI-linked tech goods pushed factory gate costs up for a third month in a row. Business • 10 Jun
China inflation stabilises in May as energy costs ease Chinese consumer prices remained stable in May, as official data today showed the impact of soaring energy prices had started to fade, while increased demand for AI-linked tech goods pushed factory gate costs up for a third month in a row. Business • 10 Jun
Small firms' costs up 44.4% since 2023 - SFA Small firms have seen their costs rise by an average of 44.4% over the past three years, according to the Small Firms Association, with labour and energy costs the biggest contributors. Business • 08 Jun
Small firms' costs up 44.4% since 2023 - SFA Small firms have seen their costs rise by an average of 44.4% over the past three years, according to the Small Firms Association, with labour and energy costs the biggest contributors. Business • 08 Jun
Time to nip inflation in the bud: 5 questions for the ECB The European Central Bank is expected to hike interest rates next week, becoming the first of the biggest central banks to do so since the Iran war unleashed an energy crisis that is stoking inflationary pressures in the euro zone. Business • 05 Jun
Time to nip inflation in the bud: 5 questions for the ECB The European Central Bank is expected to hike interest rates next week, becoming the first of the biggest central banks to do so since the Iran war unleashed an energy crisis that is stoking inflationary pressures in the euro zone. Business • 05 Jun
Turkey inflation edges up to 32.6% in May Turkey's annual inflation rate showed a slight increase in May to 32.6% from 32.4% in April, official figures showed today. Business • 05 Jun
Turkey inflation edges up to 32.6% in May Turkey's annual inflation rate showed a slight increase in May to 32.6% from 32.4% in April, official figures showed today. Business • 05 Jun
Euro zone business wilts in May as inflation surges Euro zone private sector activity shrank at the fastest rate in 18 months in May as waning demand for goods and services - a key gauge of economic health - dragged output lower for a second month while cost pressures hit their highest level in more than three years. Business • 03 Jun
Euro zone business wilts in May as inflation surges Euro zone private sector activity shrank at the fastest rate in 18 months in May as waning demand for goods and services - a key gauge of economic health - dragged output lower for a second month while cost pressures hit their highest level in more than three years. Business • 03 Jun
