Sign in Subscribe

inflation

Egyptians feel Iran war shockwaves as fuel prices jump

Egyptians feel Iran war shockwaves as fuel prices jump

Egyptians watched their everyday costs surge on Tuesday after the government raised fuel prices, blaming spiralling global energy markets due to the US-Israeli war on Iran. Hours after price hikes of up to 30 percent were announced in the middle of the night, a Cairo market bustled with buyers

How Trump tariffs jolted Montana coffee roasters

The first year of President Donald Trump’s second term is giving Helena coffee roaster Steven Ladefoged the wrong kind of jitters. Trump rolled out tariffs of 10% to 15% on green (i.e., unroasted) coffee bean imports in April 2025, which then escalated to 50%. The fever didn’t

UK finance minister warns of higher inflation amid Iran war

UK finance minister warns of higher inflation amid Iran war

UK finance minister Rachel Reeves warned on Monday the country could face rising inflation due to the fallout of the US and Israel's war. "The economic impact of the situation in the Middle East will depend, of course, on its severity and its duration," Reeves told

Rising US fuel prices risk sparking domestic wildfire for Trump

Rising US fuel prices risk sparking domestic wildfire for Trump

Sean Robinson, a 54-year-old schoolteacher in the US capital Washington, did not realize how high gas prices had gotten until he arrived at the pump on Friday. "That is a sizeable jump," he told AFP, pointing to a neon sign showing $3.27 for a gallon

Venezuela inflation hit 475% in 2025, the world's highest level

Venezuela inflation hit 475% in 2025, the world's highest level

Venezuelan inflation soared to 475 percent in 2025, the highest in the world, driven by a tightening of US sanctions in the lead up to the ouster of leader Nicolas Maduro. Full-year inflation far exceeded the International Monetary Fund's forecast of 269.9 percent, figures released by

Weekly Mortgage Rates Rise; Jobs Report Reflects Uncertain Economy

Weekly Mortgage Rates Rise; Jobs Report Reflects Uncertain Economy

Mortgage rates increased this week following news of a new war in the Middle East. In the week ending March 6, the average 30-year fixed mortgage rate went up seven basis points from the week prior to 5.94%, according to rates provided to NerdWallet by Zillow. (A basis

War in Middle East brings uncertainty and higher energy costs to already weakening US economy

War in Middle East brings uncertainty and higher energy costs to already weakening US economy

bk: michael, reminder to please fill our your disclosure when you have a second. it’s the red button at right The “fog of war” refers to confusion and uncertainty on the battlefield and the attendant possibility of fatal error. This principle has a parallel when it comes to the