Tag Archives: inflation

New York, US | Xinhua | U.S. stocks finished higher on Friday even after data showed a key U.S. inflation gauge rose at the fastest annual pace in almost 40 years. The Dow Jones Industrial Average climbed 216.30 points, or 0.60 percent, to 35,970.99. The S&P 500 increased 44.57 points, …

Kampala, Uganda | THE INDEPENDENT | Uganda’s annual headline inflation rate for the year ending November 2021 increased to 2.6 percent from 1.9 percent in October, the statistics bureau said on Tuesday. Uganda Bureau of Statistics (UBOS) said the difference is attributed to the increase in the prices of commodities. Core …

Johannesburg, S. Africa | Xinhua | South African Reserve Bank decided to increase the repurchase rate starting Friday by 25 basis points to 3.75 percent, the first time in three years, its governor Lesetja Kganyago announced on Thursday. Kganyago cited inflation as reason of the hiking. “Inflation risks have increased and …

Washington, U.S. | Xinhua | World Bank Group President David Malpass said on Wednesday that the COVID-19 pandemic is pushing up poverty and debt levels in low-income countries, highlighting a “tragic reversal” in development. “It’s already pushed nearly 100 million people into extreme poverty. That’s the added number in extreme poverty,” …

Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund is likely to give a lower interest to savers for the year 2020/21, than what was paid out last year, according to the economic conditions prevailing. The decision to raise, lower or maintain the interest rate largely depends on two factors, …

Kampala, Uganda | THE INDEPENDENT | The recovery of the economy has suffered a setback following the 42 days that the country was under a lockdown, this is according to economic analysts. The economy was recovering from the effects of the March-to-June 2020 lockdown, with both the Bank of Uganda and the …

Washington, U.S. | Xinhua | U.S. President Joe Biden on Monday downplayed inflation fears as lawmakers will vote later this week to begin debate on the bipartisan infrastructure bill. “Our experts believe and the data shows that most of the price increases we’ve seen were expected and are expected to be …

Tariffs have harmed American jobs, American consumers, American companies and the country’s global competitiveness Washington, U.S. | Xinhua | The U.S. business groups have urged the Biden administration to remove punitive tariffs on U.S. imports imposed by the previous administration, as tariffs continue to hit American businesses and consumers while pushing …

Washington, U.S. | Xinhua | The 1.9 trillion U.S. dollar stimulus U.S. President Joe Biden signed into law recently is expected to trigger a robust economic rebound, but some inflation may be on the horizon, economists said. This comes a year after the U.S. economy took a nosedive off a cliff …

Biden’s massive stimulus could set off inflationary pressures of a kind not seen in a generation Washington, U.S. | Xinhua | Emerging markets could become a casualty of the 1.9-trillion-U.S.-dollar COVID-19 relief bill passed by U.S. Congress on Wednesday, as rising U.S. bond yields are likely to trigger a reversal of …