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Turkey's inflation slowed to 32.95% in August, down from 33.52% in July

Turkish inflation eases to 32.9% in August

Turkish inflation eased further to 32.95% in August, official data showed today, fuelling expectations that the central bank will cut interest rates next week.

Business • 03 Sep

Inflation in the euro zone rose to 2.1% last month from 2% in July, new figures show today

Euro zone inflation edges up to 2.1% in August

Euro zone inflation edged up slightly in August, staying close to the European Central Bank's 2% target and likely firming up market bets that interest rates will remain unchanged in the near term.

Business • 02 Sep

The CSO's latest estimated inflation figures show that food prices have risen by 5% in August compared to the same time last year

Food prices rise by 5% in August, flash estimate shows

New estimated inflation figures from the Central Statistics Office show that food prices rose by 5% in August compared to the same time last year.

Business • 01 Sep

Inflation cools in France and Italy, steady in Spain

Inflation slowed in France and Italy and held steady in Spain in August, official data showed today, as the European Central Bank weighs its next move on interest rates next month.

Business • 29 Aug

Erosion of Fed independence would lead to inflation: Rehn

President Donald Trump's escalating attacks on the US Federal Reserve could have substantial and global knock-on effects on the financial markets and the real economy, ECB policymaker Olli Rehn said in a speech today.

Business • 28 Aug

Canada's annual inflation rate eased to 1.7% in July from 1.9% in June, new figures show today

Canada's annual inflation rate eases to 1.7% in July

Canada's annual inflation rate eased to 1.7% in July from 1.9% in the previous month as lower year-on-year gasoline prices kept the consumer price index low, but core measures of inflation stayed sticky, data showed today.

Business • 19 Aug

Australia cuts interest rates, signals more to come

Australia's central bank today cut interest rates for a third time this year and signaled further policy easing might be needed to meet its inflation and employment goals as the economy lost some momentum.

Business • 12 Aug

Men and women working with cables in a factory in China

China's July factory-gate prices miss forecast

China's producer prices fell more than expected in July, while consumer prices were unchanged, underscoring the impact of sluggish domestic demand and persistent trade uncertainty on consumer and business sentiment.

Business • 11 Aug

Low angle close up colour image depicting a man holding a shopping basked filled with fresh groceries

Food prices up almost 5% in 12 months to July

Food prices increased by 4.7% in July when compared to the same month last year, new data from the Central Statistics Office shows.

Business • 07 Aug

Euro zone inflation holds at ECB target of 2%

Euro zone inflation held steady at the ECB's 2% target in July, confirming the bank's benign view on prices and strengthening the case for policymakers to keep interest rates on hold for some time after rapidly cutting borrowing costs.

Business • 01 Aug

German inflation unchanged at 2% in July

German inflation remained unchanged in July, preliminary data showed today, as euro zone rate-setters mull their next steps after keeping interest rates on hold last week following a string of cuts.

Business • 31 Jul

Food prices up an estimated 4.6% in July - CSO

Food prices are estimated to have risen by 4.6% over the last 12 months, according to new figures from the Central Statistics Office.

Business • 31 Jul

Australia's Q2 inflation surprises on low side

Australian consumer prices grew at the slowest pace in over four years in the June quarter, data showed today, while core inflation hit a fresh three-year low and cemented market wagers for a cut in interest rates next month.

Business • 30 Jul

The price of rice in Japan had already rocketed 101% year-on-year in May, having jumped 98.4% in April and more than 92.5% in March

Japan rice prices soar again in June, jumping by 99%

Rice prices in Japan soared 99.2% in June year-on-year, official data showed today, piling further pressure on Prime Minister Shigeru Ishiba ahead of elections this weekend.

Business • 18 Jul

UK inflation rises to highest level since January 2024

Britain's annual rate of consumer price inflation unexpectedly rose to its highest in over a year at 3.6% in June, potentially making it a tougher call for the Bank of England to cut interest rates next month.

Business • 16 Jul

No one-off cost-of-living measures in Budget - minister

Minister for Public Expenditure Jack Chambers has confirmed that there will be no one-off cost-of-living payments in Budget 2026.

Ireland • 15 Jul

Sharp rise in food and drink prices over past year

There has been a sharp rise in the prices of a number of food and drink products over the past year, according to latest inflation figures from the Central Statistics Office.

Business • 14 Jul

The US Federal Reserve last month voted unanimously to leave rates unchanged

Fed minutes show little support for interest rate cut

Only "a couple" of officials at the US Federal Reserve's June 17-18 meeting said they felt interest rates could be reduced as soon as this month, with most policymakers remaining worried about the inflationary pressure they expect to come from President Donald Trump's tariffs.

Business • 10 Jul

China's consumer price index - a key measure of inflation - edged up 0.1% year-on-year last month

China snaps four month consumer decline

Consumer prices in China rose slightly in June, official data showed today, snapping a four-month decline even as factory gate prices were bruised by a fierce trade war with Washington.

Business • 09 Jul

Cost Bite: What 4 years of inflation has done to prices

The ECB seems to think it's gotten inflation under control - but consumers are still counting the cost of it on a daily basis, writes Adam Maguire.

Business • 13 Jul

Australia's central bank keeps rates steady at 3.85%

Australia's central bank today left its cash rate steady at 3.85%, a shock for markets that had confidently wagered on a cut, saying the majority of the board wanted to wait for more information to confirm inflation was slowing.

Business • 08 Jul

Food prices have increased by 24% in the last five years, according to the Central Statistics Office

'Mad money' - Shoppers struggling with food price hikes

There have been more than 103,000 calls for help to St Vincent de Paul this year and almost half were requests for help with food.

Ireland • 04 Jul

Euro zone inflation picks up to ECB target of 2%

Euro zone inflation edged up last month to the European Central Bank's 2% target, confirming that the era of runaway prices is over and shifting policymaker focus to trade war-induced economic volatility.

Business • 01 Jul

The ECB's new five-year strategy follows a rollercoaster period in which it went from worrying about deflation during Covid, to a cost-of-living crisis exacerbated by Russia's invasion of Ukraine and now a trade war

ECB tweaks strategy to counter sustained inflation swings

The European Central Bank pledged today to react with equal vigour when inflation was too high as when it was too low, tweaking its overarching strategy after being blind-sided by a surge in prices in recent years.

Business • 30 Jun

Inflation rises to 1.6% in June, flash estimate shows

The latest flash reading of the Harmonised Index of Consumer Prices (HICP) from the Central Statistics Office show that consumer prices are estimated to have increased by 1.6% in the 12 months to June.

Business • 30 Jun