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Higher costs as a result of Ukraine war, supply chain issues and effects of Covid force lunching office workers to tighten beltsEven in a city of tens of thousands of restaurants, including a large number with Michelin stars, is it really possible in T…
Read MoreTax cuts and cheaper fruit among Labour and National party plans to address rising cost of living pressures as people once comfortable are swept into crisisRead all our coverage of the 2023 New Zealand electionA weekly treat of takeaway dinner became f…
Read MoreTraders close shops, electricity bills are set alight and utility firm staff are attacked as anger rises over living costs and political strifeProtests against rising electricity and petrol prices have rocked Pakistan over the past week, with thousands…
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 MoreCity missions are reporting a 400% increase in demand since before the pandemic, amid soaring food and housing costsIt is a weekday afternoon and a bus loaded with donated goods has pulled up to the Wellington City Mission. Volunteers form a chain to f…
Read MoreNew Zealand’s reserve bank delivered its largest rate hike in history on Wednesday, piling pressure on the country’s homeownersRosie Smyth and Richard Larsen, along with their toddler daughter, had spent years looking for an affordable home in Lyttelto…
Read MoreWorld is watching as experts warn some borrowers could soon owe more than their house is worthSharply rising interest rates could put huge financial pressure on New Zealand homeowners who bought at the peak of the country’s overheated housing market, e…
Read MoreFrom generous one-off benefit payments to caps on rent increases, state intervention is taking shape across the G7As Liz Truss’s government prepares to unveil a huge package of tax cuts, alongside energy price caps for UK households and businesses wort…
Read MoreBut there remains strong support in many countries for Russian military withdrawal from Ukraine, survey findsThe cost of living is ranked by most voters globally as a more important issue than liberating Ukraine from Russian occupation, but there is st…
Read MoreFrom cancelling student loan debt to raising minimum wage, different strategies aim to reduce effects of soaring pricesThe Covid pandemic, soaring food and fuel prices, and Russia’s invasion of Ukraine have dealt a triple blow to people around the worl…
Read MorePlea to government, which controls prices on some essentials, to allow rise as war in Ukraine and extreme weather drive up costsFive major producers of instant noodles have urged the Thai government to allow them to increase their prices within a week,…
Read MorePain for households as consumers price index for June quarter exceeds forecasts and more interest rate rises loomInflation in New Zealand has hit a steeper-than-forecast 7.3%, its highest level in three decades, with households facing hefty jumps in fo…
Read MoreStudy finds food insecurity causing ‘significant and enduring hardship’ as costs outstrip income for some sole parentsSome nights, all Jessemy Evans has to eat is the leftovers on her toddler’s plate. She has stopped buying meat, insulated her windows …
Read MorePrices at discount stores double or more as cost pressures become critical issue ahead of upper house elections next monthThere can’t be a household in Japan that doesn’t own a few items from a 100-yen shop – anything from chopsticks and teacups to air…
Read MoreIn the middle of a crippling economic crisis, demonstrating is a luxury the country’s Tamil minority cannot affordFor months now, the sounds of protest and anger have rung out across Colombo, Sri Lanka’s largest city. Every day, along the city’s seafro…
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