News about inflation
The 139th Wimbledon Tennis Championships have begun in London at the All England Lawn Tennis and Croquet Club. It is one of the oldest and most prestigious Grand Slam tournaments, played exclusively on grass courts. The tournament will conclude on July 12 with the men’s singles final.
The extreme heat could leave Spain without olives and the French without vineyards.
Excessive thrift has become the new norm, turning into a serious barrier to economic growth on the European continent. The inflationary shock of recent years has inflicted a much deeper psychological trauma on Europeans than on Americans, forcing them to resort to self-restraint and saving at the expense of consumption.
Despite a significant slowdown in economic growth in the first quarter of the year (+0.4%), the central bank nevertheless identified a host of pro-inflationary factors and made the fight against inflation its top priority.
The “Agrocereale” Grain Exporters Association warns that two provisions of the draft budget and tax policy for 2027 could have the opposite effect of what the reform’s proponents intended.
The dollar remained stable on Monday thanks to investors’ optimistic expectations regarding a deal between the U.S. and Iran, while the pound was caught in the political crossfire and fell sharply following the resignation of Prime Minister Keir Starmer.
The Liberal Democratic Party of Moldova (LDPM) has prepared an analytical report “Causes of the Tax Burden in 2027 and Its Consequences for the Population and the Economy,” in which it examines the reasons that led to the adoption of the new tax policy for 2027, as well as the consequences it may have for the economy of the Republic of Moldova, the business community, and the country’s population.
Housing costs remain the largest expense for European households, but rent prices vary significantly—from the relatively affordable capitals of the Balkans to record-high prices in Switzerland and the United Kingdom.
European retailers are warning of rising prices and weakening demand due to the protracted conflict in the Middle East. The situation is having a significant impact on fuel prices, logistics, and consumer sentiment.
The average price of residential real estate in Turkey has exceeded 5 million Turkish lira (about $109,000) for the first time, but high inflation continues to offset price increases and is putting pressure on the market.
Once tensions in the Middle East have de-escalated, prices will react in different ways to the “easing of international tensions.” Speculative pressure on energy resources will disappear, while food prices will remain high due to logistical challenges, market inertia, and a protracted recovery in production.
Apple is preparing to raise prices as it becomes increasingly difficult to offset the rising cost of memory chips—driven by the AI boom—using its own resources.
At its meeting on June 18, 2026, the Executive Committee of the National Bank of Moldova unanimously raised the base rate from 6.5% to 7% per annum. The reserve requirement ratios for funds raised in Moldovan lei and in convertible foreign currency were maintained at their current levels—18% and 26% of the reserve base, respectively.
The Egyptian pound has become the world’s best-performing currency following a sharp drop in oil prices resulting from the U.S.-Iran agreement to reopen the Strait of Hormuz — a move that is expected to restore supplies and ease inflation fears, according to Bloomberg.
The dollar edged lower on Wednesday ahead of the first Federal Reserve meeting under Kevin Warsh’s leadership. Optimism over a temporary peace agreement between the U.S. and Iran is supporting risk appetite and reducing demand for the safe-haven currency.
The Reserve Bank of Australia (RBA) kept its key interest rate at 4.35% following a series of hikes, maintaining a cautious monetary policy stance amid ongoing inflationary risks.
The International Monetary Fund has released its April forecast for global inflation in 2026. Venezuela remains the clear leader at the bottom of the rankings, while deflation is expected in Costa Rica. At the same time, the gap between countries is enormous.
The lavender fields of Provence, which are one of the symbols of the region and of France’s tourism industry, are becoming unprofitable. This is forcing some farmers to switch to other types of agricultural production, including poultry farming and the cultivation of alternative crops.
Greece’s tourism sector is entering the new summer season amid strong demand for vacations and continued growth in accommodation prices. According to data from the analytics firm AirDNA, demand for short-term rentals in the country has risen by 9.3% compared to the same period last year. At the same time, the average rental price during the high season reached €174 per night, compared to €113 during the low season—a 55% increase, reports the Greek Reporter.
Democratic political strategist James Carville is best known for coining the slogan of Bill Clinton’s successful 1992 presidential campaign: “It’s the economy, stupid.” This holds true for this November’s midterm elections as well, and President Donald Trump’s Republican Party appears to be headed for a crushing defeat.
