Tag: Inflation

Eurozone consumer prices surged to a record 7.5% in March, marking the highest inflation rate since 1997. Rising energy and food costs, fueled by the conflict in Ukraine, are squeezing household budgets and forcing central banks to consider aggressive monetary policy responses.

Singapore's core consumer price index rose 2.2% in February, lower than expected, but authorities warn of potential inflation pressures from global supply constraints and geopolitical tensions. The Monetary Authority of Singapore suggests ongoing challenges despite anticipated easing of external supply issues in the second half of 2022.

British inflation surged to 6.2% in February, the highest since 1992, driven by soaring energy bills and petrol prices. The Office for National Statistics reports widespread food price increases, intensifying financial pressure on households and creating challenges for the government's economic strategy.