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Trade with rest of world is shrinking and youth unemployment is at 20% but state interventions are expectedChina’s economy is struggling. The recovery after the lifting of Covid-19 restrictions is faltering. Its trade with the rest of the world is shri…
Read MoreAttempt to curb domestic inflation behind country’s decision on non-basmati white riceIndia has banned non-basmati white rice exports to curb domestic inflation, raising fears of further increases in global food prices just days after wheat and corn pr…
Read MoreConsumers, farmers and even McDonald’s struggle in shortage blamed on irregular weatherListening to the chatter at Delhi’s vegetable markets, only one question is on everyone’s lips: just how much will a tomato cost today?Prices of tomatoes, a staple o…
Read MoreGroceries are up 12.1% year on year, with eggs, yoghurt and pastry products among items recording staggering increasesNew Zealanders are facing steep price increases for basic food products such as eggs, yoghurt and potatoes, while supermarket profits …
Read MoreMillions of dollars’ worth of onions seized by authorities as inflation crisis sees the cost of other basics soar Their price soared so rapidly, some likened them to gold. Restaurants stripped them from their menus, officials warned travellers not to i…
Read MoreNew Zealand’s reserve bank says spending levels still need to be reduced with rate rises, in order to tame inflationNew Zealand’s reserve bank has forecast that the country will tip into recession in 2023, and has lifted the official cash rate by an u…
Read MoreLatest figures defy widespread predictions inflation would fall, as the central banks readies an ‘outsized’ rate hikeNew Zealand’s latest inflation data defied widespread predictions it would fall on Tuesday, as it barely budged from a 30-year high, pr…
Read MoreEuropean Commission downgrades growth prospects from 4% to 2.7%, while economy slows rapidly in ChinaRussia-Ukraine war: latest updatesThe growth prospects for the EU have been revised sharply downwards after Russia’s invasion of Ukraine put paid to ho…
Read MoreIndonesia’s ban on cooking oil exports has failed to address supply shortages and lower prices of the key ingredientAs millions of Indonesians travelled to their hometowns to celebrate Eid al-Fitr, one common struggle was being discussed in most family…
Read MoreExpert says every country will suffer as world’s biggest palm oil producer bans exports of commodity used in food, cosmetics and cleaning productsThe price of edible oils such as soyoil, sunflower oil and rapeseed oil is expected to rise after Indonesi…
Read MoreSavings are worth the extra time, say some shoppers, though the increased carbon footprint does cause some uneaseTins of spaghetti, soap, pasta shells and raw almonds: purchases more commonly carted into New Zealand homes by shopping trolleys and car b…
Read MoreWhile the pandemic has not led to a jump in unemployment, its impact on the over-50s and public sector staff is particularly troublingAt first glance, the UK jobs market is in rude health. The unemployment rate is back to where it was before the Covid …
Read MoreAnalysis: From Pakistan to the US, Australia to Germany, the cost of living is rising to new highs and causing new hardshipsUS inflation reaches 40-year high at 7.5%Rolling coverage of the latest economic and financial newsAfter decades lurking in the …
Read MoreUmaibo, a crunchy corn snack that means ‘delicious stick’, increases in price from ¥10 to ¥12 – the first rise in the face of higher import costsOne of Japan’s best-loved snacks is to go up in price – by a whopping 20% – for the first time since its la…
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