Inflation Rate in Dominican Republic averaged 13.34 percent from 1984 until 2022, reaching an all time high of 82.49 percent in February of 1991 and a record low of -1.57 percent in September of 2009. As of September 2022, the inflation rate in the European Union was 10.9 percent, with prices rising fastest in Estonia, which had an inflation rate of 24.1 percent. The price increase was led by soaring costs of housing and utilities (13.3% vs 10.5%); furnishings, household equipment and routine household maintenance (15.7% vs 15.3%); food and non-alcoholic beverages (19.1% vs 19.2%); China's annual inflation rose to 2.8% yoy in September 2022 from 2.5% in the prior month, matching market consensus. 26 July 2022. Zambia's annual inflation rate rose for the first time in nearly one year to 9.9% in July of 2022 from 9.7% in the previous month. The unemployment rate in the OECD area fell for the sixth consecutive month to 5.7% in October 2021, from 5.8% in September but at a slower pace than in previous months. Lithuania Inflation Increases In August *Italy July Retail Sales Down 0.4% M/M, Up 6.7% Y/Y; Cove Kombucha secures CAD 4.5m in funding round Statistics Lithuania calculates the Harmonised Index of Consumer Prices (HICP), which is methodologically harmonised with those of other EU Member States, on a monthly basis. TheJournal.ie supports the work of the Press Council of Ireland and the Office of the Press Ombudsman, and our staff operate within the Code of Practice. The annual rates of 7.6% in 2022 (8.3% in the EU) and 4.0% in 2023 (4.6% in the EU) imply upward revisions by more than one percentage point from the Spring Forecast. The price changes were mainly driven by higher fuel and heating costs, as well as rising prices of food products and some services. Zimbabwes annual consumer price inflation eased for the second straight month to 268.8% in October of 2022, from 280.4% in the prior month. Analysis-Why the dollar's wrecking-ball rally is not done yet. Microsoft is quietly building a mobile Xbox store that will rely on Activision and King games. Prices quickened for both food (12% vs 11.9% in June), namely cooking oil; and non-food products (7.2% vs 6.9%), mainly due to an increase in fuel pump prices which triggered an upward adjustment to public bus fares. The EU welcomes the World Trade Organization (WTO) ruling that confirms that the anti-dumping duties imposed by Colombia on frozen fries from Belgium, Germany and the Netherlands are in breach of WTO rules and unfairly restrict access to the Colombian market for European producers. (July 2013) This is a list of cities and states sorted by the IMF-based or World Bank based inflation rate. Economic Survey of Lithuania - 20 October 2022. Inflation rate is defined as the annual percent change in consumer prices compared with the previous year's consumer prices. The dollar index weakened toward the 110 mark, moving away from its daily highs of 111.3, with investors seeking new signals for future rate hikes. November 8, 2022 GMT. Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. The annual inflation rate in the Dominican Republic eased to 8.63 percent in September of 2022 from 8.80 percent in the previous month. Statistic agency's data showed Chinese food inflation climbed to its highest in 25 months (8.8% vs 6.1% in August), with pork prices accelerating further despite efforts from Indonesian parliament committee approves 2023 budget. The annual inflation rate in Nigeria accelerated for the eighth straight month to 20.77% in September of 2022 from 20.52% in the prior month. This was the highest rate since April 2020, mainly due to a sharp jump in cost of food. Annual inflation rate in the Euro Area continued to break record high levels and jumped to 10.7% in October of 2022 from 9.9% in September. Lithuania's economy contracted in the second quarter, the first estimate from Statistics Lithuania showed on Friday. This was the 11th straight month of increase in consumer prices and the fastest pace since April 2014, amid surging fuel and food cost following Russia's invasion of Ukraine as well as a sharply weakening yen. The annual inflation rate in Croatia reached a record of 12.8 percent in September of 2022, the highest on record, from 12.3 percent in the previous month. Breaking News. Annual inflation (July 2009, against July 2008) made 2.6%, which is by 0.4 percentage point less than that calculated based on the CPI. 04/11/2022 Industrial producer prices up by 1.6% in the euro area and by 1.5% in the EU. Election scrutiny high, but US votes without major hitches. Food prices rose by 6.9%, the most since October 2008, after gaining 6.4% in August. Read latest breaking news, updates, and headlines. Some of the measures included suspending payment to government contractors, raising the policy rate Additional upward pressures from cost of housing (6.0% vs 6.0% in July), due to accommodation; transport (19.0% vs 20.2%), linked to private Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland and Sweden. This website features the current and historic inflation rates for a large number of countries and regions. A year earlier, the rate was 0.9%. Lithuanias economy exited the COVID-19-crisis successfully and was growing fast until early 2022, buoyed by rising exports and rapid integration into global value chains. Inflation in the OECD rises further in May 2022, reaching 9.6% . Food inflation climbed for the seventh straight Inflation has been falling since August this year following tight monetary measures implemented by the government and monetary authorities. The Fed aims to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2%, which remains elevated around 40-year highs. Password requirements: 6 to 30 characters long; ASCII characters only (characters found on a standard US keyboard); must contain at least 4 different symbols; This is according By CHRISTINA A. CASSIDY and GEOFF MULVIHILL November 8, 2022 GMT. Inflation Rate in Pakistan averaged 7.98 percent from 1957 until 2022, reaching an all time high of 37.81 percent in December of 1973 and a record low of -10.32 percent in February of 1959. Consumer costs also grew sharply for housing and utilities (20.2% vs 20%), Wall Street rises ahead of election results, inflation data. Consumer sentiment at record lows. However, with Russias aggression of Ukraine continuing and its consequences spreading, the outlook has darkened. The lowest annual rates were registered in Malta, 0.3 percent, Greece, 0.7 percent, and Italy, 1 percent. The annual inflation rate in Namibia rose further to 6.8 percent in July of 2022 from 6 percent in the previous month. The annual inflation rate in Japan rose to 2.6% in July 2022 from 2.4% in June. Lithuanias gdp growth annual decreased to 0.1 by -102.17% on July 2020 from -4.6 in the previous Quarterly. Inflation Rate in the United Arab Emirates increased to 6.77 percent in the second quarter of 2022 from 3.43 percent in the first quarter of 2022. UK PM Liz Truss defends tax cuts, vows to press on. 0.4 percent in the euro area and 0.9 percent in the EU, according to Eurostat. Denmark Inflation Highest Since June 1984. The annual urban inflation rate in Egypt accelerated to 15.0% in September of 2022 from 14.6% in the previous month and above market expectations of 14.7%. Figures came higher than market forecasts of 10.2%, preliminary estimates showed. All Top News. This page provides - Dominican Republic Porsche shares rise in Frankfurt market debut. This page provides - United States Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Thai Stock Market Set To Stop The Bleeding On Thursday. In September 2022, industrial producer prices rose by 1.6% in the euro area and by 1.5% in the EU, compared with August 2022, according to estimates from Eurostat, the statistical office of the European Union. On a year on year basis Lithuanias gdp growth Get information on latest national and international events & more. Lithuanias annual inflation rate climbed to 21.6 percent in July of 2022 from 21.0 percent in the previous month. Watch CNN streaming channels featuring Anderson Cooper, classic Larry King interviews, and feature shows covering travel, culture and global news. Inflation Rate in Congo increased to 9.43 percent in July from 8.98 percent in June of 2022. Following inflation rates are shown: Inflation based upon the consumer price index. Annual inflation in Lithuania was 16.8 percent in April, compared to the same period in 2021, according to a press release by the Lithuanian Statistics Department. The annual inflation rate in the UK rose to 10.1% in September of 2022 from 9.9% in August, returning to the 40-year high hit in July and surpassing market expectations of a 10% rate. President Trump only had four years to make America great again. As the pressures from energy prices and supply constraints fade, inflation is expected to decline steadily thereafter and to fall below 3% by the end of 2023. Singapore's annual inflation rate was at 7.5% in September, unchanged from August's figure of more than 14-year high, in line with market estimates. Eurostats estimates that Lithuania has experienced the highest inflation in the euro area 9.3% from November 2020 to November 2021, has turned attention to the effects rising costs have had on recent pay rises and savings, Lithuanian public broadcaster LRT and journalists Irma Janauskait, Jrat Anilionyt and Vesta Tzenhauziene report. Minister of Foreign Affairs Nikos Dendias statements following his meeting with the Foreign Minister of Lithuania Gabrielius Landsbergis (Athens, 20.10.2022) inflation, and migration with Italy because we believe that a united, serious, and coherent European response to these challenges is required". Estonia, Latvia, and Lithuania consider themselves as revivals of the three independent countries that existed prior to their occupation and annexation by the Soviet Union in 1940. Main Economy News Today. European Union annual inflation was 2.5% in July 2021, up from 2.2% in June. Canadas annual inflation rate slowed to 6.9% in September of 2022 much below the 39-year peak of 8.1% hit in June but slightly above market estimates of 6.8%. Key election coverage. Commodity prices near all-time highs.Clearly inflation has, at a minimum, altered the economic mood, and potentially reset the path of global and national economies worldwide for Inflation Rate in the United States averaged 3.28 percent from 1914 until 2022, reaching an all time high of 23.70 percent in June of 1920 and a record low of -15.80 percent in June of 1921. This page provides - Congo Inflation Rate - actual values, historical data, forecast, chart, statistics, A year earlier, the rate was. Prices of energy continue to have the biggest impact (up 41.9% vs 40.7% in September), followed by food, alcohol & tobacco (13.1% vs 11.8%), non-energy His presidential term lasted from January 2017 to January 2021, whereas our charts cover the four presidential years plus all of 2021, in case his influence lingered on post term. Every morning a new headline underscores growing economic concerns: Highest inflation since the 1970s.Central banks aggressively raising rates. Main Economy News Today. The largest contribution to the increase was from food (14.8% vs 13.4% in August), namely oils and fats and dairy products. Lithuania: 3.72 2.53 2.24 1.06 3.03 It was the highest reading since November 2018, bringing inflation above the upper limit of the central banks 5-9% target range for the seventh straight month amid surging global commodity prices and devaluation of the currency. Consumer prices continued to slow for transportation (8.7% vs 10.3% in August), largely due to a sustained slowdown for gasoline prices (13.2% vs 22.1%) amid an increase in the global supply of crude oil during the month. Analysis-China poised to shake up economic leadership as reformers bow out. Download the entire news release (graphs and table included - PDF) 5 July 2022 - Year-on-year inflation in the OECD as measured by the Consumer Price Index (CPI) rose to 9.6% in May 2022 (Figure 1), compared with 9.2% in April 2022, largely driven by food and energy prices.This represents the sharpest price By DAMIAN J. TROISE and STAN CHOE. Inflation Rate in Congo averaged 21.06 percent from 1999 until 2022, reaching an all time high of 511.21 percent in December of 2000 and a record low of 1.35 percent in April of 2013. Lithuania Economy. Italy PPI Inflation At Record High. Inflation Rate MoM in Argentina averaged 2.89 percent from 2014 until 2022, reaching an all time high of 7.40 percent in July of 2022 and a record low of 0.20 percent in August of 2016. It was the highest reading since September of 2005, even after a recent 150 bps rate hike by the central bank, largely due to a weaker currency that raised the costs of imported products. Inflation Rate in the United Arab Emirates averaged 1.54 percent from 1990 until 2022, reaching an all time high of 12.30 percent in the fourth quarter of 2008 and a record low of -2.71 percent in the second quarter of 2020. But clearly didn't succeed in conventional measures. Last week wrapped up with a hawkish message from the Federal Reserve warning about a longer monetary tightening path and a mixed US jobs report showing strong hiring and wage increases along with higher unemployment. 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