Eshe Nelson
Posts
Why Are Food Prices So High in Europe? Sugar, Cheese and Bread Costs Soar
Agricultural and energy costs are falling, but basic items remain stubbornly expensive for consumers.
U.K. Inflation Slowed in April, but Remains Stubbornly High
Consumer prices rose 8.7% from a year earlier, the slowest pace since March 2022.
U.K. Economy Continues to Grow Slowly
The increase of 0.1 percent in the three months that ended in March, which was driven by construction and information services, matched the slow rise...
Bank of England Raises Interest Rates to 4.5%, Highest Level in 15 Years
The central bank lifted its benchmark rate a quarter point, to 4.5 percent, as part of its aggressive policy to tame inflation, which has remained...
European Central Bank Raises Rates Again, but Only a Quarter Point
The bank said “underlying price pressures remain strong” in the eurozone, where the annual inflation rate reached 7 percent last month.
The U.K. Economy Needs a Pick-Me-Up. Is the Coronation Enough?
Caught between slow growth and high inflation, businesses are hoping King Charles’s coronation will bolster consumer confidence enough to last more than just one weekend.
Central Banker to Britons: You’re Worse Off. Accept It.
The comment, from the Bank of England’s chief economist, was offered as a way to curb inflation. But the message has fallen flat.
U.K. Inflation Edges Lower, but Persists in Double Digits
Prices rose at an annual rate of 10.1 percent last month, down from 10.4 percent in February. Food costs continued to keep inflation high.
Are Big Profits Keeping Prices High? Some Central Bankers Are Concerned
Companies’ rising profit margins could be contributing to persistent inflation, a European Central Bank policymaker says.
As Banking Worries Swirl, Europe’s Policymakers Express Confidence, With Caution
Officials say eurozone lenders are strictly supervised and continue to be strong. But at a recent conference, wariness about the future remained.