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India rice export: Four-month ban targets food price inflation
India produces nearly half of the world’s rice but has placed a four-month ban on the export of non-basmati varieties.
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Eurozone inflation drops in July as economic growth accelerates
Inflation in the 20-country eurozone dropped to 5.3% in July, while GDP grew by 0.3% in the second quarter of 2023.
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Spooked Liberal MPs gather for meetings as support for the government slides
"We need to listen to the very real issues that Canadians are facing right now and return to Ottawa next week with some real solutions in hand," said Government House Leader Karina Gould, who insists that Prime Minister Justin Trudeau is...
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Stretching Your Dollar: How to Budget Ahead of the Holiday Shopping Season
Stretching Your Dollar: How to Budget Ahead of the Holiday Shopping Season
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Key Inflation Gauge Hits Lowest Level in Nearly 2 Years
A key measure of inflation that the Fed watches closely reached its lowest level in almost two years.
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Poilievre says cabinet shuffle amounts to PM admitting 'he broke the economy'
Conservative Leader Pierre Poilievre says Prime Minister Justin Trudeau's cabinet shuffle was an attempt to blame many of the challenges facing Canadians on outgoing ministers, and to avoid taking responsibility himself.
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The European Central Bank raises its benchmark rate by 0.25 - its highest level since May 2001
The European Central Bank has raised interest rates back to their record high, warning consumer prices are still rising too fast while keeping its options open for further increases.
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European Central Bank raises interest rates to highest level since 2000
Christine Lagarde warned that consumer prices are still rising too fast.
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Federal Reserve Raises Target Interest Rates By 0.25%
The Federal Reserve raised its target interest rate by another quarter of a percentage point.
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Animal shelters overloaded with surrendered pets
Pet surrenders are up while adoptions are down at shelters across Canada, which is forcing some to euthanize animals. Shelters say many people who adopted pets during the pandemic are overwhelmed and the rising cost of living isn't helping.
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Iran inflation: President Ebrahim Raisi plans to revive economy
Pressure is growing on the Iranian government to bring down rising prices.
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Price increases slowed in June, except for food and shelter
Canada's annual rate of inflation fell to 2.8 per cent in June — much closer than expected to the Bank of Canada's target of two per cent. But many people are still finding it difficult to afford essentials, like food and housing.
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Housing affordability getting worse for low-income earners, study suggests
The rising cost of living has made it nearly impossible to find affordable rental units while making minimum wage. That trend extends across the country, according to a study by the Canadian Centre for Policy Alternatives.
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Cost of living crisis took its toll on EU households in 2022, new statistics show
The EU's official statistics agency on Monday released its annual key figures for Europe providing a snapshot of the continent's economic and societal health over the past 12 months. We picked out those you must know.
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Economy in shambles, high inflation and unemployment: It is time to get rid of PM Modi, says Arvind Kejriwal
Delhi chief minister Arvind Kejriwal, who is in Bengaluru for the second Opposition meet, said that Mr Narendra Modi ruled the country for 10 years and has made a complete mess in almost every sector. During the NDA rule, the economy is...
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Argentinians spend up as living costs, inflation soar
Argentina is facing its worst economic crisis in years, with inflation figures rising above 100 percent.
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Be Well: How Federal Spending Could Lead to Another Interest Rate Hike
Be Well: How Federal Spending Could Lead to Another Interest Rate Hike
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Stretching Your Dollar: How Has Inflation Impacted You?
Cheddar News hit the streets to ask our viewers how inflation is impacting them.
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Federal political parties position themselves as the best inflation fighters
In the face of another interest rate hike, which negatively affects mortgage borrowers, Conservative Leader Pierre Poilievre is blaming the prime minister for not doing enough to fight inflation. The NDP wants the government to go after...
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Producer Prices Up 0.1% Year-Over-Year in June
Producer price index rose just 0.1% from a year ago, in the latest signal that inflation is slowing.
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Airline Costs Are Cooling This Summer
Prices for airfare seem to be cooling off. The latest consumer price index showed prices dropped 8.1 percent in June from a month earlier, which is the biggest decline in a year.
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Interest rates are up again: What's the Bank of Canada saying?
Bank of Canada governor Tiff Macklem says 'monetary policy is working — but underlying inflationary pressures are proving more stubborn.'
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From Airfares to Groceries, Slowing U.S. Inflation Eases Pressure on Households
Squeezed by painfully high prices for two years, America’s households have gained some much-needed relief with inflation reaching its lowest point since early 2021 — 3% in June compared with a year earlier — thanks in part to easing...
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Bank of Canada: 'We target inflation, we don't target house prices'
Carolyn Rogers, senior deputy Bank of Canada governor, says that while house prices are 'very sensitive' to interest rates, there are other issues to consider as well — including supply issues and increasing immigration levels.