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Tag Archives: inflation

UK set for most widespread pay rises in over a decade

LONDON: More British employers are planning pay rises than at any time since the global financial crisis as they struggle to recruit staff following the coronavirus pandemic and Brexit, data from the Confederation of British Industry showed on Monday.

The CBI said 44% of businesses intended to raise pay in line with inflation and 24% planned above-inflation pay rises, the highest combined percentage since it started surveying businesses about this in 2009.

"Pay intentions are rising across the board as firms reopen and the economy recovers," Matthew Percival, the CBI's director of skills and inclusion said.

However he warned that businesses were likely to pass on higher wage bills to their customers unless productivity improved, especially as many a

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China’s consumer inflation slightly on the rise in March

Wednesday, 12 April 2017 BEIJING – This was up from February’s 0.8%, which was the lowest since January 2015, but was below forecasts of up to 1%. Producer prices rose slower than in February, with the Producer Price Index (PPI) up 7.6% compared to the year before, down from February’s 7.8%. Producer inflation was up to the fastest pace in almost 10 years …

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Venezuela inflation hits 800% in 2016, GDP contracts nearly 19%

Saturday, 21 January 2017 CARACAS:  Venezuelan consumer prices rose 800% in 2016 while the economy shrank 18.6%, according to preliminary central bank figures, the sharpest economic contraction in 13 years and the worst inflation reading on record. An extended slump in oil prices has turned the OPEC nation’s once-prosperous economy …

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