Dearer oil to raise inflation in CR, lower economic growth
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PRAGUE- Growing oil prices on world markets will pull up prices of fuels in the Czech Republic, raising thus domestic inflation, and negative impact on economic growth as well as lower investments of companies ...
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Economic growth this year will slow to 6 to 6.5 per cent as consumer and investor confidence deteriorates due to higher oil prices and expectations of interest-rate hikes, the National Economic and Social Development Board (NESDB) said yesterday.
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There are some signs of cyclical  overheating in India&#39;s economy, but the recent rise in the  rupee has dampened inflation, a government economic adviser  said on Wednesday.
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The European Central Bank is determined to prevent higher oil and food prices driving up inflation more broadly, President Jean-Claude Trichet said on Wednesday.
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MUMBAI: With international commodity prices remaining high and a deficient monsoon, the Reserve Bank of India on Tuesday scaled down its economic growth forecast for 2004-05 to 6-6.
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Venezuela&#39;s oil price has increased by 0.89 dollars to 37.08 dollars a barrel, the Energy and Mining Ministry said on Friday. The ministry attributed the price rise to hurricane
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But a rise in vehicle and prescription drug prices pushed the rate of core producer inflation â excluding food and energy â up 0.2 percent for the month, a slight acceleration from July.
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Governments around the region are warning that rising oil prices have started to hurt their economies.
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Business & money: Â·  Warning that oil could hit $95 a barrel by end of year Â·  UK inflation outlook may force sixth bank rate rise
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NEW DELHI: Economists have pegged down GDP growth to 6.3-6.5 per cent for this fiscal on apprehension of a fall in farm output and an adverse impact of oil price hike.
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OTTAWA (CP) - More moderate gasoline prices at the pump and less expensive cars and trucks helped to slow the annual rise in inflation to 1.9 per cent in August, Statistics Canada said Friday.
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OECD raises economic forecast for region and lowers United States.
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Higher oil and food prices push up inflation in the eurozone to its highest in more than six years.
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Inflation at the consumer level rose by a larger-than-expected amount last month as falling energy prices only partially offset big increases in the cost of medical care, food, and airline tickets.
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The Indian economy is likely to be in the grip of inflationary pressures in the coming months even as its growth slows down, according to projections issued by the Reserve Bank of India.
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President Hugo Chavez will make curbing double-digit inflation a top priority this year as he aims to slow the highest consumer price increases in Latin America, Venezuela's new finance minister said on Monday.
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OTTAWA (CP) - Higher gasoline prices compared with one year earlier helped to drive up the annual inflation rate to 2.4 per cent in November, Statistics Canada said Friday.