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Japan’s November core consumer inflation hits fresh 40-year high

23 Dec 2022

Japan’s core consumer inflation hit a fresh 40-year high of 3.7 per cent in November as companies continued to pass on rising costs to households, data showed on Friday, a...

US Consumer spending beats expectations; wage inflation slows

29 Oct 2022

US consumer spending rose more than expected in September while underlying inflation pressures continued to bubble, keeping the Federal Reserve on track to hike interest rates by another three-quarters of...

Australia’s central bank slows pace of rate hikes in surprise move

04 Oct 2022

Australia’s central bank on Tuesday surprised markets by lifting interest rates by a smaller-than-expected 25 basis points, saying they had already risen substantially, although it added that further tightening would...

Sri Lanka’s consumer inflation surges to 69.8% in September

30 Sep 2022

A key measure of Sri Lanka’s consumer inflation surged to an annual record 69.8 per cent in September, official data showed on Friday, highlighting the challenge for the central bank...

Bank of England increases rates by most in 27 years as recession looms

04 Aug 2022

The Bank of England BoE) raised interest rates by the most in 27 years on Thursday, despite warning that a long recession is on its way, as it rushed to...

UK consumer mood stuck at record low

23 Jul 2022

British consumers’ confidence remained stuck at a record low this month in the face of surging inflation and higher interest rates, a survey showed on Friday. Market research firm GfK...

Swiss consumer price inflation in June hits 29-year high of 3.4%

04 Jul 2022

Swiss consumer price inflation touched a 29-year high of 3.4 per cent in June, more than economists had expected and the first time inflation in Switzerland has topped 3 per...

Sri Lanka May consumer prices soar 45.3% y/y, highest since 2015

21 Jun 2022

Sri Lanka’s headline inflation accelerated in May to the highest since 2015 due to rising food and transport costs, as the island nation grappled with its worst economic crisis in...

EFG Hermes teams up with Amazon

15 May 2022

Staff Reporter, Gulf Today valU Consumer Finance (valU), a fully-owned subsidiary of EFG Hermes Holding has entered into an agreement with Amazon for the Provision of Consumer Financing by...

Firm to tap Dubai electronics’ market

10 Apr 2022

Inayat-ur-Rahman, Business Editor After having firmly entrenched itself in the UK market the consumer electronics brand, Lazor has forayed into the Mena region. The brand will have its Mena...

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