.... Energy prices gained 15.6 percent, the largest increase since August 2008, the ministry said....

Contemporary and versatile" With a bit of luck, the real wage losses that have accumulated between 2020 and 2022 could then be made up for," Groll stressed.... " However, the pre-crisis trend--meaning the real wage level that would be realistic without the pandemic and energy crisis--will still be a long way off next year." Europe's largest economy is on the brink of recession, also because the crucial support of private consumption is missing.... Economic institutes and the German government

4 that houses the Cabinet Office is seen in this file photo in the Kasumigaseki district of Tokyo's Chiyoda Ward, on April 26, 2017.... The latest benchmark index reading was the lowest since 31.2 logged in January this year.... A reading below 50 indicates that more respondents reported worsening conditions than improving ones....

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This photo shows the Bank of Japan headquarters building in Tokyo's Chuo Ward.... Recent higher wholesale prices have yet to fully affect consumer prices in Japan where accelerating inflation is not a pressing issue, bolstering the case for the BOJ to retain its monetary easing with its 2 percent target still far off.... Resource-poor Japan is susceptible to swings in crude oil and other energy prices as it relies on imports....

Whether for bread, rice or tortillas, governments across the world know that rising food costs can come with a political price.... And it’s not likely to get better as extreme weather, soaring freight and fertilizer costs, shipping bottlenecks and labor shortages compound the problem.... Unrest in South Africa triggered by the arrest of former President Jacob Zuma in July turned to food as people looted grocery stores and restaurants....

That is based on a mortgage at a 6% rate. Just last year, these new homeowners would be spending just over a third of their take-home wage on mortgage payments. New figures on Tuesday showed mortgage rates continue to edge higher.... In June, there were 86, 000 completed housing transactions, down from more than 100, 000 last year.... Mortgage rates have been rising following a succession of interest rate rises by the Bank of England to tackle stubbornly high inflation....

BEIJING: China’s services sector activity contracted at the second-steepest rate on record in April, as Covid curbs halted the industry, leading to sharper reductions in new business and employment, a private-sector survey showed yesterday. The Caixin services purchasing managers’ index( PMI) stood at 36.2 in April, the second-lowest since the survey begun in November 2005 and down from 42 in March. The index hit a record low of 26.5 in February 2020 during the onset of the pandemic. The 50-poin

India's foreign exchange reserves logged their sharpest weekly fall on record to a more-than-four

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