People across the world, including India, America, and Pakistan, are suffering due to inflation. While inflation in the US broke a 40-year record, the inflation rate in Britain has now reached a 30-year peak. The Consumer Price Index (CPI) here stood at 5.5 percent in January.
Highest inflation since 1992
Presenting the inflation data on behalf of the National Statistical Office (NSO), it was said that the consumer price index rose to 5.5 percent in January, from 5.4 percent in December. The new figure is the highest level in the past 30 years. Let us tell you that in March 1992, the level of inflation in Britain reached its highest level, when the rate of inflation had reached 7.2 percent.
Finance Minister told global challenge
Britain's Finance Minister Rishi Sunak has said that we understand that these are global challenges, as inflation reaches its highest level in decades, workers' wages rise, central banks are deciding whether to reduce interest rates. How fast to increase Earlier this month, the Bank of England raised its main interest rate for the second time in a row aimed at containing inflation.
Inflation rate to reach 7.25%
The Bank of England said last month that inflation would continue to rise for the time being. The central bank has forecast Britain's annual inflation rate to peak at 7.25 percent in April. The Bank of England has already raised the interest rate twice. While it was first increased from 0.10 percent to 0.25 percent in December, it was increased to 0.50 percent on February 3. Now it is expected to increase further.
Inflation breaks record in the US
The impact of inflation in America has made people miserable. Here inflation has touched a new high of the last 40 years. Inflation in the US rose to a record high of 7.5 percent in January compared to 12 months ago. This figure of year-on-year growth was earlier seen in February 1982.
Inflation situation in India
Retail inflation reached a new high in January. According to the data released by the government, the retail inflation rate is seeing a steady increase due to the increase in the prices of food products last month. It rose to 6.01 percent in January, while it stood at 5.66 in December. This is more than the inflation target set by the RBI on an annual basis. At the same time, wholesale inflation in the country is at 12.96 percent. It has remained in double digits for the last ten months.
Aircraft made in China unable to fly, Nepal Airlines ready to sell for less money
Nepal Airlines is facing a huge loss. One reason for this is also the aircraft made in China. Now Nepal Airlines has decided to sell its five Chinese-made aircraft as no one wants to take these planes
Shah Rukh Khan and Y+: The Maharashtra government increased the security of 'Jawan' Shah Rukh, he was receiving death threats.
Shah Rukh Khan Gets Y+ Security: The year 2023 has been very good for Bollywood's King Shah Rukh Khan. His first film 'Pathan', released in January, created a stir at the box office. After this film,
Israel-Hamas War: Why did Israel agree to a ceasefire with Hamas, who is behind this deal? 10 big updates
Israel-Hamas War: Ceasefire has been announced for the first time amid the Israel-Hamas war. Qatar has confirmed a four-day ceasefire. The commencement of the ceasefire will be announced within a
Pushpa 2: Aamir Khan was impressed with Pushparaj's acting, and couldn't stop praising him, Allu Arjun expressed his gratitude
Allu Arjun's 'Pushpa 2' has been a blockbuster at the box office despite all the controversies. On social media, some are praising the film and the actor fiercely. Now actor Aamir Khan has also come
Russia-Ukraine War Updates: A glimpse of the destruction of the Russian warship Muscova came to the fore, 69 citizens of Zaporizhia in Russian captivity
Today is the 55th day of the Ukraine war. Ukraine had destroyed Russia's largest warship Moskva in the Black Sea some time ago. Now the glimpse of the destruction of the ship has come in front of the
Fierce fighting broke out in eastern Ukraine, Russian army shot down a Ukrainian drone near Crimea
The Russian military has stepped up attacks on cities in eastern Ukraine. On Thursday, there was shelling from tanks and cannons, then bombardment was also done by air strikes, and missiles were
Covid 19 India: Corona started scaring again, 40 percent patients increased in 24 hours; More than 5000 cases surfaced
The increasing cases of corona have again raised the concern of the health department. According to the Union Health Ministry, 5233 new patients have appeared in the country in the last 24 hours.
Russia Ukraine War: How many nuclear plants in Ukraine, how much effect on power supply after the fire in zaporizhzhia?
Ukraine's nuclear plants are now also being targeted in Russia's attacks. On Friday (March 4), a Russian firing caused a fire in Ukraine's zaporizhzhia power plant, after which there is panic all over
RCB vs DC : Delhi and Bangalore teams will come out to maintain the momentum, eyes will be on Virat and Starc
The teams of Delhi and Bangalore, which are in great form, will clash on Thursday. The 24th match of IPL 2025 will be played at Chinnaswamy Stadium in Bangalore. During this, Virat Kohli will face
Telangana BJP president Bandi Sanjay Kumar was arrested, workers created a ruckus and police lathi-charged his niece
Telangana BJP president Bandi Sanjay Kumar has been arrested by the police. Bandi Sanjay was taken into custody by the police from his residence in Karimnagar at around 12.45 am. During this, BJP
