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Tag Archives: inflation

Ukraine crisis affects E. Africa’s food security: WFP

Overlapping food crisis risks in the region come at a time when most countries are facing increased fiscal imbalances and rising public debt pressure Addis Ababa, Ethiopia | Xinhua | The ongoing Ukraine crisis is negatively affecting East Africa’s food security through reduced food supplies, accessibility and high prices of food, …

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Euro nearing five-year low stoking recession fears

The euro is within reach of five-year lows and seems increasingly will approach dollar-euro parity Rome, Italy | Xinhua | The euro has continued to weaken against the U.S. dollar, approaching its lowest level in five years, due mainly to the crisis in Ukraine and the sluggish economic growth in Europe. …

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Is U.S. inflation getting worse or better?

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 …

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At what point do oil prices trigger a U.S. recession?

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, …

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Government considers capping fuel prices, refuses to waive taxes

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 …

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Britain’s economic confidence falters due to Ukraine crisis

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 …

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