inflation goes back a bit - no reason for the all -clear
small ray of hope for consumers in Germany: For the first time since July, inflation has weakened somewhat. Consumer prices rose by 10 percent in November compared to the previous year, as the Federal Statistical Office announced on Tuesday in an initial estimate. Previously, the annual control rate had increased three months in a row and had reached a value of 10.4 percent in October. © Hauke-Christian Dittrich/dpa carrots and onions are for sale at a weekly market at a weekly market.
The Turkish Lira continues to lose value. In Turkey, inflation has decreased somewhat for the first time in more than a year. Consumer prices rose by 84.4 percent in November, as the statistics office announced on Monday. In the previous month, the inflation was marked with 85.5 percent for 24 years. In November, consumer prices rose by 2.9 percent in November. That was also a little less than in the previous month.
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Bank of Canada hikes key interest rate to 4.25%, signals pause could be near
The Bank of Canada raised its benchmark interest rate by 50 basis points on Wednesday, marking the seventh and final rate hike of the year.The central bank also signalled in a statement accompanying the decision that a pause in rate hikes could be coming.
Inflation is driven by several factors. The weak state currency Lira mainly ensures the buoyancy because it is more expensive to import goods imported into Turkey. There are also problems in the supply chains that make many preliminary products more expensive. In addition, the prices of energy and raw materials are increasing primarily because of the Russian war against Ukraine.
In contrast to many other central banks, the Turkish central bank does not put itself in an appetization against inflation. Rather, she recently lowered her key interest rate several times. The Turkish President
Recep Tayyip Erdogan
is a declared opponent of high
interest , which is usually considered a tried and tested means in the fight against inflation. More from RP Online
Germans save in crisis at Christmas gifts
from the Vogelschutz-Verein to the Nature Conservation Association
Lions Calendar-winning these numbers on December 5th
Meghan Markle Just Dropped A Major Bombshell About That ‘Leaked’ Letter To Her Father: ‘It Was Suggested By The Queen And Charles’ .
Anyone who has watched Netflix’s docuseries Harry & Meghan knows that the Sussexes have shared several shocking claims regarding the royal family’s treatment of them, and other points fans may have not previously thought about. In theIn the fifth episode of the hit series, Meghan Markle, 41, said that she reached out to the late Queen Elizabeth II for advice regarding her father’s infamously disparaging interviews about the royals after her and Prince Harry‘s 2018 wedding.