Saudi Arabia sees inflation rate fall despite increases in rent, schooling and some food groups
rising inflation
Latest in rising inflation
Central Bank of Egypt
Egyptian pound plummets, stock market rebounds after 2% rate hike by the central bank
The bank also announced the start of a ‘durably flexible exchange rate regime’, which will measure the Egyptian pound against other foreign currencies
Carrefour
UAE supermarket locks prices as inflation spikes cost of living
Carrefour locks in the prices for over 200 products
high inflation
IKEA succumbs to inflation, raises prices by 80 percent
The furniture giant, after years of stable and affordable prices, have raised prices amid soaring inflation
Central Bank of Egypt
Egyptian central bank keeps key interest rates unchanged
The bank’s surprise move comes amid hiking of lending rates by central banks in many countries to tame rising inflation
European Central Bank
European central bank announces 0.75 percent hike in interest rates
US Fed, India’s RBI and central banks in other major countries expected to follow suit
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
Central Bank of Bahrain
Gulf central banks follow US Fed move to raise interest rates to curb inflation
The Federal Reserve announced a consecutive 0.75 percentage point interest rate hike – in a bid to rein in inflation and avoid recession
cost of living
UAE residents spending less as cost-of-living skyrockets compared to last year
Top areas for cutbacks are eating out and clothes/apparels
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was the highest in almost 40 years, prompting fears that rates will be hiked by almost 1 percent; Biden says data is “out of date”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
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
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
Bank of England
Inflation in UK rockets to 30-year high as commodity prices soar
Rising costs are outpacing wages, putting a squeeze on the UK’s most at risk
