Tag: Inflation News

World Food Prices Reach Three-Year High in July as Weather Extremes and Conflicts Push Costs Higher

World Food Prices Reach Three-Year High in July as Weather Extremes and Conflicts Push Costs Higher

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The cost of food around the world continued to climb in July, reaching its highest level in more than three years, according to the United Nations Food and Agriculture Organization (FAO). The increase comes as extreme weather conditions and ongoing conflicts in key agricultural regions continue to disrupt global food production and trade, raising concerns […]

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Bank of Japan Raises Interest Rates to Highest Level in 31 Years Amid Inflation Concerns

Bank of Japan Raises Interest Rates to Highest Level in 31 Years Amid Inflation Concerns

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The Bank of Japan (BoJ) has raised its benchmark interest rate to 1.0%, marking the highest level seen in more than three decades as policymakers work to contain growing inflationary pressures linked to the recent Middle East conflict. The 25-basis-point increase, announced on Tuesday, is the first rate hike since December and reflects the central […]

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