The data by the country’s Labour Department showed the Consumer Price Index grew at an annual rate of 3 percent – smallest since March 2021
us inflation
Surging inflation rate in US sparks fear of recession
The 9.1 percent increase was the highest in almost 40 years, prompting fears that rates will be hiked by almost 1 percent; Biden says data is “out of date”
Inflation on the rise in the UAE: Everything you need to know
Impact of growing inflation rates on the region’s economy and businesses, along with expert insights
UAE Central Bank follows US Fed move to raise interest rates in effort to curb inflation
Inflation is much too high and we understand the hardship it is causing, and we’re moving expeditiously to bring it back down, the US Federal Reserve Chair said
Dollar breaks to new highs as inflation soars
Market-based inflation expectations, critical for central bank policymakers, have moved to new cycle highs in both the US and Europe over the past month
Why US inflation is a worry for Abu Dhabi’s Mubadala
Global markets have been thrown into turmoil in recent weeks, partly due to concerns about persistently high inflation