Tag Archives: inflation

Nairobi, Kenya | Xinhua | The World Bank on Wednesday projected the economy in Sub-Saharan Africa to slow down to 3.6 percent in 2022 from 4 percent in 2021. The World Bank said the region’s economy is struggling to pick up momentum amid a slowdown in global economic activity, continued supply …

Kampala, Uganda | THE INDEPENDENT | Traders in Kampala are feeling the pinch of rising commodity prices. They reveal that their sales have been so low in the last two months, and indication the customers are also struggling. Some of the traders who spoke to Uganda Radio Network – URN …

Washington, U.S. | Xinhua | The U.S. inflation is at highs not seen in 40 years. While some say there’s no end in sight, others believe inflation will taper off in the second half. The last two years have been some of the most tumultuous the U.S. economy has experienced since …

Washington, U.S. | Xinhua | The United States could see a recession if rapidly rising oil prices hit a crucial tipping point, economists have warned. Oil prices are surging worldwide, and the conflict in Ukraine has exacerbated numerous factors that have already caused record price hikes, according to experts. Bernard Baumohl, …

Kampala, Uganda | THE INDEPENDENT | The government is considering a policy that will allow authorities regulate the costs of some essential commodities like petroleum, to protect consumers from exploitation. This follows the uncontrolled hike in prices of fuel by more than 33 percent over the last one year, with the …

New York, U.S. | Xinhua | Almost three-quarters of Americans said they’re unhappy with U.S. President Joe Biden’s handling of inflation, which is now widely considered the country’s top priority for voters, reported Newsweek on Monday, citing an ABC News/Ipsos poll. A record high of 70 percent of the general public …

London, UK | Xinhua | While prices in Britain already rose at a pace never seen for decades this winter, a flare-up of the Russia-Ukraine conflict is expected to push the inflation even higher, with millions of households feeling the pinch. Many have slashed the forecasts for the country’s economic growth …

Frankfurt, Germany | Xinhua | The European Central Bank (ECB) unveiled on Thursday a roadmap to wind down stimulus policies and possibly raise interest rates later in 2022. The decision to taper and possibly reverse a years-long policy of negative interest rates came at a time when inflation in the euro …

Kampala, Uganda | THE INDEPENDENT | The high costs of essential household commodities are worrying and Members of Parliament want government to take action and stall rising prices. Kampala Central Member of Parliament, Mohammed Nsereko said the concerns of high fuel prices have now shifted to the increased prices of soap, …

Kampala, Uganda | THE INDEPENDENT | The increase in prices of commodities and services over the last 12 months, ending February 2022 have pushed Uganda’s inflation to 3.2 percent up from 2.7 percent registered in January, the statistics agency has said. Uganda Bureau of Statistics (UBOS) in a Consumer Price Index …