Russia Shuts Down Caspian Pipeline to Europe July 6, 2022 On Wednesday, Moscow ordered a 30-day suspension of oil delivery to Europe from Kazakhstan via the Caspian Pipeline Consortium (CPC). Operational sources at the terminal said that oil exports continued through Wednesday morning. A Russian court explained that the shutdown […]
Zimbabwe Plans to Introduce New Gold Coins to Curb Inflation June 30, 2022 The Reserve Bank of Zimbabwe’s Monetary Policy Committee (MPC) is working on a monetary plan to stabilize its national currency by introducing gold coins. President Mnangagwa of Zimbabwe hopes this action will shake off the hyperinflation stigma […]
Inflation Soars to Record Highs in the EU May 31, 2022 The EU’s consumer price index (CPI) was released Tuesday, revealing a record-breaking 8.1% rise year-over-year (YoY) for May 2022. This severe inflationary problem in the EU is dominated by food and energy costs. Food prices increased by 7.5% YoY, […]
Important Fed Inflation Gauge Jumped 5.2% for March Apr. 29, 2022 March’s personal consumption expenditure (PCE) prices, which excludes energy and food, grew 5.2% from a year ago. Core PCE, including energy and food, rose 6.6% which is the fastest rate recorded since 1982. Workforce cost accelerated 1.4% for the […]
Fed’s Key Inflation Gauge Spikes 5.4% for March Mar. 31, 2022 The core personal consumption expenditures (PCE) price index rose 5.4%, more than this time last year, making it the highest increase in close to 4 decades. The Federal Reserve considers the PCE price index as the most reliable indicator […]
