Japan nationwide inflation climbs 3.6% on year
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Singapore's core inflation edges up
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President Trump’s approval rating slipped slightly this week in the latest weekly Reuters/Ipsos polling, as voters voice economic concerns. The survey put Trump’s job approval at 42 percent, matching the second-term low point recorded last month and down from 44 percent last week. The latest change is within the poll’s 3-point margin of error, but…
The Bank of England has previously estimated inflation to spike at 3.7% between July and September, before dropping.
As businesses globally fret about sky-high U.S. tariffs reviving rampant inflation, in Australia, the redirection of cheap Chinese goods is expected to provide relief for consumers and policymakers worried about stubborn cost pressures.
Three provisions in particular stand out. First, the bill kills “transferability”. The IRA incentivised companies with a wide range of tax liabilities to invest in clean energy. The new bill eliminates this sweetener, even for technologies like nuclear power and carbon capture that are generally favoured by Republicans.
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Inflation in the U.K. spiked to its highest level for more than a year in April amid higher domestic bills such as energy and water.
Mexico's headline inflation rose more than expected in the first half of May, data from the national statistics agency showed on Thursday, jumping outside the central bank's target range for the first time this year.
Zambia’s corn harvest will more than double from a 16-year-low last year to a record high, the government said, which could help quell rampant consumer price growth and increase the chance of rate cuts.