More expensive food drives October euro zone inflation More expensive services and food were the main drivers of consumer price growth in the euro zone in October, data showed today, as the EU's … Business • 17 Nov
Most consumers expect higher costs this Christmas The majority of consumers expect their Christmas shopping to be more expensive this year, according to a new survey from KPMG. Business • 17 Nov
EU cuts Irish and euro zone growth forecasts for 2023 The European Commission has sharply revised downwards its forecasts for growth in the Irish economy measured by Gross Domestic Product (GDP), mostly due to falls … Business • 15 Nov
Japanese economy contracts in blow to premier Kishida Japan's economy has gone into reverse, government data showed today, in a further blow to struggling Prime Minister Fumio Kishida. Business • 15 Nov
UK inflation rate falls to lower-than-expected 4.6% British inflation cooled by more than expected in October as household energy prices dropped from a year ago while stubbornly high services sector price growth … Business • 15 Nov
US consumer inflation cools to 3.2% in October US consumer inflation cooled more than expected last month, according to government data published today, providing some welcome news for policymakers looking to control price … Business • 14 Nov
Euro zone's Q3 GDP shrinks, but employment rises The euro zone economy contracted marginally on a quarterly basis in the third quarter, a new estimate confirmed today underlining expectations of a technical recession … Business • 14 Nov
Grocery inflation falls to 9.8% from 10.5% - Kantar New figures from Kantar show that grocery inflation has fallen below 10% for the first time this year. Business • 13 Nov
Euro zone inflation may rise in coming months - Lagarde Euro zone inflation could tick up in the coming months but European Central Bank interest rates held at their current level for long enough could … Business • 10 Nov
US Fed could hike rates again if 'appropriate' - Powell The US Federal Reserve is prepared, if needed, to increase interest rates further in order to bring inflation down to its long-term 2% target, Fed … Business • 10 Nov
UK economy fails to grow in third quarter - ONS Britain's stagnating economy failed to grow in the three months from July to September but at least managed to avoid the start of a recession, … Business • 10 Nov
Annual rate of inflation slows to 5.1% in October - CSO The annual rate of inflation slowed to 5.1% in October, new figures from the Central Statistics Office show. Business • 09 Nov
China slipped back into deflation in October China slipped back into deflation in October, data showed today, highlighting the work officials have in reviving still-sluggish demand in the world's second biggest economy. Business • 09 Nov
Euro zone retail sales fall in September Euro zone retail sales fell roughly in line with expectations in September, data showed today, highlighting weak consumer demand and the prospect of recession. Business • 08 Nov
Far too early for talk of interest rate cuts - Makhlouf The Governor of the Central Bank Gabriel Makhlouf has said the economy and financial system "is still adjusting to the change in interest rates by … Business • 08 Nov
Underlying inflation progress not enough, says Lane The European Central Bank is seeing some progress in its efforts to push down underlying inflation but this is not yet enough, ECB chief economist … Business • 08 Nov
ECB must keep rates at 4% in 2024 to get inflation down Rapid wage growth in the euro zone could keep inflation elevated longer and the European Central Bank should hold interest rates at or near record … Business • 08 Nov
JD Wetherspoon reports higher sales on easing costs British pub group JD Wetherspoon has today reported an increase in first-quarter sales, helped by easing costs and steady demand for its lower-than-average priced drinks … Business • 08 Nov
M&S beats expectations for first-half profit Marks & Spencer said it expects full-year profit to leap more than 30% after an overhaul of its food, fashion and supply chain helped the … Business • 08 Nov
Euro zone producers prices inch up in September Euro zone producer prices rose in line with expectations in September from a month earlier and plunged year-on-year due to a sharp drop in energy … Business • 07 Nov
Australia raises rates to curb stubborn inflation Australia's central bank has today raised the key interest rate to a near 12-year high to tame stubbornly high inflation. Business • 07 Nov
Traders bet ECB first big central bank to cut rates Financial markets are ramping up expectations for interest rate cuts from the European Central Bank, betting it will be the first major central bank to … Business • 03 Nov
Bank of England keep UK interest rates at 15-year high The Bank of England held interest rates at a 15-year peak today as it kept up its fight against the highest inflation among the world's … Business • 02 Nov
Norway keeps interest rates on hold, eyes December hike Norway's central bank kept its benchmark interest rate unchanged at 4.25% today, as widely expected, and said it would likely raise the cost of borrowing … Business • 02 Nov
ALDI will cut prices as conditions improve Retailer ALDI says it has seen notable changes in the habits of grocery shoppers, accelerated by record inflation levels. Business • 02 Nov