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inflation

News and updates about inflation

Inflation soars in Turkey to almost 80%

Inflation in Turkey is nearly at 80 percent, with consumers shocked by soaring costs for food, energy and housing.

Inflation soars in Turkey to almost 80%

Fed raises key interest rate 75 points in response to continued inflation worries

As recent numbers show inflation continuing to soar, Fed raises key rate 75 points for second time in two months.

Fed raises key interest rate 75 points in response to inflation

IMF: High likelihood of recession in G7 countries

Predicted recession blamed on skyrocketing energy costs, supply chain disruptions, and the war in Ukraine.

IMF: High likelihood of recession in G7 countries

Lapid pushes to freeze massive impending price hike on bread

With price of bread set to soar 20%, Prime Minister orders Treasury Ministry to draft plan to prevent price hike.

Lapid pushes to freeze massive impending price hike on bread

Watch: Biden's press sec. distorting reality?

The White House press secretary repeated Biden's lines about American economy being on an 'upward trajectory'.

Watch: Biden's press sec. distorting reality?player

US economy surpasses predictions, adds 372,000 jobs in June

High labor demand leads to surprisingly strong growth in June, with the US economy defying predictions and adding 372,000 jobs.

US economy surpasses predictions, adds 372,000 jobs in June

Economists warn recession increasingly likely to hit US this year

With inflation hitting US consumers hard and the economy cooling, experts predict recession looming.

Economists warn recession likely to hit US this year

US inflation hit 40-year high in May

Biden administration faces backlash as inflation continues to soar.

US inflation hit 40-year high in May

Cost of kosher foods skyrockets in Great Britain

Prices in Britain for kosher foods have soared by over 25 percent in 2022, leaving many struggling to keep up with their needs.

Cost of kosher foods skyrockets in Great Britain

Pelosi spews 'baloney' about Biden fixing inflation

While the US is embroiled in the biggest economic crisis in recent memory, Pelosi is trying to justify Biden's inadequacy.

Pelosi spews 'baloney' about Biden fixing inflationplayer

GOP senator calls for president to resign: Biden is ‘incoherent, unwell, confused'

Florida Senator Rick Scott slams Biden after speech accusing Scott and other Republicans of being responsible for record inflation.

GOP senator: Biden is ‘incoherent, unwell, confused'

White House: 2022 will see strong growth despite inflation

Biden administration predicts strong period of growth in 2022 despite continuing inflation.

White House: 2022 will see strong growth despite inflation

Inflation in U.S. hits 40-year high

Prices soared in March hitting a high not seen over the past 16 years.

Inflation in U.S. hits 40-year highplayer

'Rouge' bird defecates on Biden mid-speech

Reports claimed that 'even birds disapprove of the American president', with the incident taking place during Biden's speech on inflation.

'Rouge' bird defecates on Biden mid-speech player

Treasury Secretary: Ukraine war cause of major worldwide economic repercussions

House Financial Services Committee grills Treasury Secretary Janet Yellen about mounting inflation and economic troubles amid Ukraine war.

Yellen: Ukraine cause of major economic repercussionsplayer

Turkey's inflation hits 20-year high

Turkey's annual consumer inflation jumped to a 20-year high of 61.14%, fueled by newly-imposed sanctions on Russia.

Turkey's inflation hits 20-year highplayer

The other high cost of inflation

The current inflation in the USA, brought about by the government, may cause a rise in the corollary that results from financial woes.Op-ed.

The other high cost of inflation

'I would consider living in my car': Americans battered by skyrocketing inflation

Millions of Americans are struggling to make ends meet with inflation hitting record highs.

'I would consider living in my car': US battered by inflation player

Ingraham: Biden's high gas prices and inflation are the new type of 'lockdown'

Laura Ingraham says 'Biden and his puppet masters are going to use every bit of this Russia-Ukraine crisis to take your money and freedom.'

Ingraham: New 'lockdown' is high gas prices, inflationplayer

Israel to cut taxes on meat, gas, electricity to curb price hikes

Report: Israeli Finance Ministry planning series of tax and tariff cuts on foods, gasoline, and electricity to curb rising prices.

Israel to cut taxes on gas, meat, dairy products, electricity

Finance, Economy Ministers to food companies: Don't raise prices

With a stronger shekel and lower inflation, companies are making money without passing on savings to consumers.

Govt to food companies: Don't raise prices

US Fed: Global supply chain crisis may soon be over

Global supply chain crisis that led to historic levels of inflation may soon be over, according to experts.

US Fed: Global supply chain crisis may soon be over

US inflation hits level unseen in nearly four decades

Americans are facing the highest jump in consumer prices in 39 years as inflation continues to soar.

US inflation hits level unseen in nearly four decades

Inflation leads to higher prices for gifts

With inflation at a 30-year high some gifts could cost between 5 and 17% more, Newsmax reports.

Inflation leads to higher prices for giftsplayer

Congressman: I would give Biden a grade worse than F on addressing inflation

Ranking member of House Budget Cmte: Biden 'clearly does the opposite of what's necessary.'

Congressman: I'd give Biden a grade worse than F on inflationplayer

Inflation soars in UK to highest level in a decade

Consumer prices rise to highest level in nearly a decade, following COVID lockdowns and resulting economic contraction.

Inflation soars in UK to highest level in a decade

Negative interest rates: Could Israel be next?

With deepening deflation despite soaring housing prices, will Israel be the next country to try extreme monetary policies?

Negative interest rates: Could Israel be next?

Bank Expected to 'Goose' Economy With Rate Slash

The Bank of Israel is expected to cut interest rates further, in order to prompt spending in Israel's weak economy.

Bank of Israel Cut Interests Rates to New Record Low

Chief Rabbi: Expect Huge Cost Hikes on Meat Soon

Israel could face a major meat shortage for Rosh Hashana due to dispute over honest slaughtering supervision.

Chief Rabbi: Expect Huge Cost Hikes on Meat Soon

Analysts: Iran Sanctions Did Enormous Harm

Analysts Wednesday listed some of the economic damage done to Iran by the sanctions – and that damage has been substantial.

Analysts: Iran Sanctions Did Enormous Harm to Country

Analysts: Gas Price Hike Could Sway Election

Israelis usually don't think about gas price hikes - but two weeks before election, it may become an important issue.

Analysts: Gas Price Hike Could be Election's 'Dark Horse'

PM on Housing Report: Still Much to Do

The Comptroller's Report on housing is “a very important document on which we place a great deal of importance,” PM Netanyahu said.

PM on Housing Report: We've Done Much, But Still Much to Do

Prices Deflate 0.3% in January, as Trend Continues

The newest scourge of economists, deflation, hit Israel in a big way in January. In a trend that began in 2014.

Prices Deflate 0.3% in January, as Trend Continues

Report: Prices in Israel Not So Bad

Prices in Israel may be high, but they are going up at a slower pace than in other OECD countries, a report said.

Report: Prices in Israel Not So Bad

Economist: Fischer Could be a 'Disaster' for US

Stanley Fischer was highly regarded when he ran the Bank of Israel - but maybe he shouldn't have been, writes a British economist.

Economist: Fischer Could be a 'Disaster' for US

Bank of Israel Slashes Interest Rates; Down to 1%

In what economists said was a surprise move, the Bank of Israel lowered the prime interest rate Monday to 1%.

Bank of Israel Slashes Interest Rates; Down to 1%

Group: One Third of Families Can't Afford Day Camp

A consumer group said that summer camp was too expensive for a third of Israeli families - and demanded solutions.

Group: One Third of Families Can't Afford Summer Day Camp

'Dollar Gone Wild' Prompts Unusual Move by Fischer

Interest rates will go down by a quarter point on Friday, an unusual mid-month move by outgoing BOI Chairman Stanley Fischer

'Dollar Gone Wild' Prompts Unusual Bank of Israel Move

Protests Forgotten, Cottage Cheese Prices to Rise

The mass protests in Israel over the high cost of living several summers ago were triggered by high dairy prices - which are going higher

Protests Forgotten, Cottage Cheese, Dairy Prices to Rise

Treasury: There May be Hope for Lower Home Prices

There are signs that voracious appetite of Israelis for apartments and homes may be calming down.

Treasury: There May be Hope for Lower Home Prices