UK Inflation Hits Four-Decade High of 9%

Fourth EstateBritish Pound Notes` - Joegoauk Goa

Consumer prices in Britain last month soared to its highest annual rate since 1982 as food and energy prices surged to record highs, worsening the country’s cost-of-living crisis. Inflation hit 9% in April year-on-year, well above 7% in the month …

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Sri Lanka Out of Petrol, Says Prime Minister

Fourth EstatePetrol Station in Sri Lanka is out of fuel and petrol

Sri Lanka has reportedly run out of petrol, according to its prime minister. Ranil Wickremesinghe, appointed prime minister, said in an address on Thursday that the island nation’s economy is in a precarious condition. “At the moment, we only have …

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China Economic Data Tumble After COVID Lockdowns, Retail Sales Down 11.1%

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China’s economic data plunged in April, worse than what analysts expected, after harsh measures to curb COVID-19 in its commercial hub Shanghai battered businesses. Retail sales fell down 11.1% year-on-year in April, more than a 6% decline that economists forecasted, …

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Indonesia Central Bank Sees 7%-9% Loan Growth in 2022

Fourth EstateBank of Indonesia

Indonesia is expected to see more business loans this year as result of improving economic activity, central governor Perry Warjiyo said on Friday. Warjiyo told an online briefing that Indonesia’s strong economic recovery from the pandemic — GDP grew 5.1% …

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Lithuania Inflation Soars, Fastest in EU

Fourth EstateAn aisle in a store in Vilnius, Lithuania - Pixabay

Advanced estimates of Lithuania’s inflation, the fastest in the European Union, was at its fastest in more than 25 years as the war in Ukraine and Europe’s energy crisis drove food and energy prices higher. Consumer prices surged 16.6 percent …

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Japan Unemployment Rate at 2-Year Low

Japan’s unemployment rate declined in March to its lowest level in two years as an easing of a COVID-19 wave allowed the government to lift restrictions. Japan’s monthly jobless rate inched down to 2.6 percent in March, the ministry of …

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Canada’s Inflation Blows Past Expectations at 31-Year High

Fourth EstateCanadian Dollar Stack - valakirka

Annual inflation in Canada rose to 6.7 percent in March, hitting the largest monthly increase in 31 years. The headline rate last month was 6.7 percent, Statistics Canada reported on Wednesday, a full percentage point higher than in February and …

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