The furniture giant, after years of stable and affordable prices, have raised prices amid soaring inflation
high inflation
Latest in high inflation
Central Bank
Inflation, Central Banks, and why it matters
Inflation is the key reason behind a dismal year for investments. Despite regional nuances, the issue is truly global and may not find a quick solution. Volatility should prevail for the coming months
consumer price index
Saudi Arabia’s inflation peaks 3 percent in August, driven by transport, food
Both sectors, which are the main drivers of inflation, rose 4 percent each, the data showed
consumer prices index
Consumer prices in Dubai skyrocket to its highest after years of deflation
Just three years ago, Dubai was experiencing the sharpest deflation in the region peaking at -3.9 percent annually in February 2019
economic outlook
GCC reports lower inflation than the global average: Everything you need to know
Despite higher-than-expected inflation worldwide, business conditions in the UAE and Saudi Arabia improved in July resulting in higher job creation
high inflation
Inflation sparks concern among UAE consumers, spending up 22 percent in first half
Countries in the Gulf have generally lower levels of inflation compared to the rest of the world. The International Monetary Fund earlier said inflation in the UAE is expected at 3.7 percent this year, before it softens to 2.8 percent the following year
economic outlook
High inflation among the reasons for slower world economic growth: IMF
The world economy is likely to grow slower at 3.2 percent this year, and the IMF urges policymakers to prioritise addressing inflation
consumer price index
Surging inflation rate in US sparks fear of recession
The 9.1 percent increase was the highest in almost 40 years, prompting fears that rates will be hiked by almost 1 percent; Biden says data is “out of date”
Egypt
Egypt’s fuel prices spike in wake of global inflation surge
Commodity prices have continued to rise as inflation rates have hampered post-pandemic economic recovery
economic outlook
IMF chief warns of ‘increased risk of recession’ in 2023, as the lender looks to cut global growth forecast again
She highlighted three actions that could be done to navigate a “sea of troubles,” including bringing down inflation, fiscal policy reforms, and an impetus for global cooperation led by G20
food inflation
Inflation takes flight – but what goes up must come down
The opportunity presented in regional investment-grade bonds stands out in the asymmetry between the upside and downside at present, particularly in comparison to other markets
Central Bank
Factors causing inflation of fuel and food prices ‘beyond the control of central banks’: experts
Consumers may feel the sting of higher prices more acutely than the pinch of a three-quarter point bump in interest rates, experts told Arabian Business
business outlook
Inflation on the rise in the UAE: Everything you need to know
Impact of growing inflation rates on the region’s economy and businesses, along with expert insights
consumer prices index
Dubai records highest consumer inflation level in seven years
The year-on-year increase of 4.6 percent was driven by higher transport costs as oil prices rose
Central Bank of the UAE
Rising interest rates will help avoid liquidity trap issues
This is the right time to be raising interest rates as travel is back at pre-pandemic levels, GDP is growing, and consumer confidence is rising
Century Financial
Why inflation is here to stay
Ongoing geopolitical tensions and supply-side bottlenecks are driving a global increase in fuel and wheat prices
