International Business News - Inflation http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Canada's consumer price index rose above 3 percent for the first time in nearly three years as a result of increasing gas and food prices, the government said Wednesday. http://www.ibtimes.com/articles/20080723/canadas-inflation-jumps-to-3-1-percent.htm Wed, 23 Jul 2008 14:29:50 EDT The Philippine central bank chief hinted Wednesday at further raising interest rates to control inflation, which has been driven to a 14-year-high by spiraling oil and food prices. http://www.ibtimes.com/articles/20080723/philippines-may-raise-interest-rates.htm Wed, 23 Jul 2008 08:49:23 EDT Singapore's annual inflation rate held at a 26-year high for a third month primarily on higher costs of food, housing, and transport and communication, according to data released Wednesday by Singapore's statistics department. http://www.ibtimes.com/articles/20080723/singapore-inflation-stays-at-7-5-percent.htm Wed, 23 Jul 2008 08:52:57 EDT Asian central bankers warned Monday that more interest rate hikes may be needed to help dampen surging inflation in the region. "There's an urgent need for countries to contain emerging inflationary pressures," Made Sukada, director of monetary policy research at Indonesia's central bank, said at a seminar in Singapore on inflation. Central banks need to prepare for further monetary tightening going forward." http://www.ibtimes.com/articles/20080722/asian-central-bankers-eye-rate-hikes.htm Tue, 22 Jul 2008 07:52:34 EDT French Finance Minister Christine Lagarde said Tuesday she expects the inflation rate to start falling in the months ahead as the economy absorbs last year's rise in fuel and food prices. http://www.ibtimes.com/articles/20080722/france-sees-inflation-coming-down.htm Tue, 22 Jul 2008 07:45:41 EDT European Central Bank President Jean-Claude Trichet has underlined the ECB's expectations that inflation will settle back to its target level in about 18 months and that the euro zone economy will return to moderate growth late this year. http://www.ibtimes.com/articles/20080718/euro-central-bank-inflation-slowing-weak-growth.htm Fri, 18 Jul 2008 14:15:40 EDT Hungary's finance ministry said Thursday it had raised its 2008 inflation forecast from 5.9 percent to 6.5 percent, due mainly to persistently high oil prices. http://www.ibtimes.com/articles/20080717/hungary-raises-2008-inflation-forecast.htm Thu, 17 Jul 2008 13:03:40 EDT Official inflation soared to 2.2 million percent in Zimbabwe--by far the highest in the world--and has shot as high as 70 million percent in the past year for some basic goods sold on the black market, the state central bank said Thursday. http://www.ibtimes.com/articles/20080717/official-zimbabwe-inflation-at-2-2-million-percent.htm Thu, 17 Jul 2008 11:15:27 EDT Business leaders tired of taking the blame for Venezuela's soaring inflation are chiding government officials for encouraging consumers to help fight rising food prices by haggling with retailers. http://www.ibtimes.com/data/articleimgs/92737-ecuador-venezuela-refinery.jpg http://www.ibtimes.com/articles/20080717/venezuelan-businesses-object-to-haggling.htm http://www.ibtimes.com/articles/20080717/venezuelan-businesses-object-to-haggling.htm Thu, 17 Jul 2008 03:01:17 EDT Business leaders tired of taking the blame for Venezuela's soaring inflation are chiding government officials for encouraging consumers to help fight rising food prices by haggling with retailers. http://www.ibtimes.com/articles/20080716/venezuelan-businesses-object-to-haggling.htm Wed, 16 Jul 2008 23:01:39 EDT Austrian inflation rose to 3.9 percent in June in Austria--the highest it has been since April 1993, officials said. Austria's national statistics agency blamed soaring energy expenses and stubbornly high food costs for the jump in the consumer price index. http://www.ibtimes.com/articles/20080716/austrian-inflation-highest-since-93.htm Wed, 16 Jul 2008 06:22:08 EDT Consumer price inflation in Britain accelerated to 3.8 percent in June, up from 3.3 percent in May, the government said Tuesday, complicating the Bank of England's efforts to keep the economy growing. http://www.ibtimes.com/articles/20080715/british-inflation-rises-again.htm Tue, 15 Jul 2008 09:01:54 EDT Malaysia's leader said Monday the government is reviewing its consumer price index amid criticisms that the country's key gauge for inflation is suppressed and doesn't reflect reality. http://www.ibtimes.com/articles/20080714/malaysia-reviews-consumer-price-index.htm Mon, 14 Jul 2008 11:51:43 EDT Bulgaria's annual inflation rose to 15.3 percent in June, up from May's rate of 15 percent, the National Statistics Institute said Monday. The Bulgarian harmonized index of consumer prices, used by the European Central Bank, rose by 0.5 percent in June over May, and by 14.7 percent compared to June 2007. http://www.ibtimes.com/articles/20080714/bulgarias-annual-inflation-up.htm Mon, 14 Jul 2008 05:23:59 EDT Sweden's annual inflation rate rose to 4.3 percent in June from 4 percent in May, mainly due to higher prices on food and fuel, the national statistics agency said Thursday. http://www.ibtimes.com/articles/20080710/swedish-inflation-up-to-4-3-percent-in-june.htm Thu, 10 Jul 2008 12:52:33 EDT Sweden's annual inflation rate rose to 4.3 percent in June from 4 percent in May, mainly due to higher prices on food and fuel, the national statistics agency said Thursday. http://www.ibtimes.com/articles/20080710/swedens-inflation-rate-for-june-up-to-4-3-percent.htm Thu, 10 Jul 2008 07:48:06 EDT Mexico's central bank says rising food prices have pushed inflation to its highest level in three years. A statement from the bank released Wednesday said annual inflation rose to 5.26 percent in June, the highest since November 2004, as prices for foods including rice, ham and vegetable oil climbed. http://www.ibtimes.com/articles/20080709/mexicos-inflation-hits-3-year-high-in-june.htm Wed, 09 Jul 2008 18:20:23 EDT Venezuelan annual inflation climbed to 32.2 percent in June in metropolitan Caracas as price controls on food prices were eased. Monthly inflation rose by 2.4 percent, slowing from 3.2 percent in May as price gains for nonalcoholic drinks, restaurants and hotels slowed, the Central Bank said Tuesday. http://www.ibtimes.com/articles/20080709/venezuela-inflation-hits-32-pct-in-june.htm Wed, 09 Jul 2008 12:26:16 EDT The governor of Bank Indonesia said Wednesday that inflation rates hovering at 11 percent may have peaked and could drop to between 6.5 percent and 7.5 percent by next year. http://www.ibtimes.com/articles/20080709/indonesia-says-inflation-may-have-peaked.htm Wed, 09 Jul 2008 10:47:13 EDT Malaysia's central bank chief said Wednesday that recent fuel price hikes may push inflation above 6 percent in June, nearly double May's rate and the highest in 26 years. http://www.ibtimes.com/articles/20080709/malaysia-inflation-may-hit-26-year-high.htm Wed, 09 Jul 2008 10:33:55 EDT