inflation
Azerbaijan's Central Bank Keeps Policy Rate at 6.5%
The Central Bank of Azerbaijan left its policy rate unchanged at 6.5%, lowering the lower bound of the interest rate corridor to 5% while keeping the upper bound at 7.5%.
Azerbaijan's Central Bank to Announce Interest Rate Corridor Parameters on September 23
The Central Bank of Azerbaijan has announced that its next decision on the interest rate corridor will be published on September 23. Decisions will be based on inflation forecasts, macroeconomic scenarios and the situation in the foreign exchange market.
Average salary of 1,176.7 manats: who does it describe?
January–July wages and the structure of paid employment as of 1 August show different sides of the labour market. Why 1,176.7 manats is not a ready-made benchmark for hiring.
Average Salary Rose 7.2% — But the Real Gain Is Far More Modest
From January to July 2026, the average salary grew by about 1.4% after adjusting for prices. For the food group, the remaining purchasing power is even smaller.
Fed Raises Rates for First Time Since 2023, to 3.75–4%
The Fed raised rates for the first time since July 2023, by 25 basis points to 3.75–4%. The unanimous decision came amid persistently high inflation; markets saw it as a hawkish signal.
Russia's Inflation Accelerates to 6.33% in August
Annual inflation rose to 6.33% in August from 5.98% in July, while consumer prices fell 0.08% month-on-month. The central bank kept its key rate at 14%.
Bitcoin Rises 1.9% After US Inflation Data
Bitcoin climbed to $78,914.6 after US inflation data matched forecasts, but gains were capped by US-Iran tensions.
Global Smartphone Prices Rise 15% Due to Memory Chip Costs
Average global smartphone prices have risen 15% since the start of the year due to higher memory chip costs. Over 40% of models have become more expensive, a first for the industry.
Global Food Prices Hit Highest Level Since November 2022
The FAO Food Price Index rose to 133.3 points in August, the highest since November 2022. All commodity groups saw increases, with sugar prices surging the most.
Central Bank of Azerbaijan Develops Index for Early Forecasting of Food Inflation
A study by the Central Bank of Azerbaijan shows that a new index of imported food prices can signal changes in consumer prices two months in advance.
Iran's Central Bank Chief Denies Rumors of Economic Collapse
Abdolnaser Hemmati stated that Iran's economy is not on the brink of collapse and that reserves are sufficient. The Central Bank is ready to allocate $2 billion to the foreign exchange market.
Weekly inflation in Russia slows to 0.01% after three weeks of deflation
From August 18 to 24, consumer prices in Russia rose by 0.01% after three weeks of decline, according to Rosstat. Annual inflation slowed to 6.08%.
EU fuel prices up 16.9% year-on-year
In July 2025, prices for motor fuel and oils in the European Union rose by 16.9% compared with July 2024, according to Eurostat.
More than half of US voters report financial decline since Trump's re-election
A Focaldata poll shows 53% of registered US voters say their personal finances have worsened since Trump returned to the White House in January 2025.
Kyrgyzstan's GDP Grows 11.1% in First Seven Months of 2026
According to the National Statistical Committee, Kyrgyzstan's GDP in January-July 2026 amounted to 1,172.7 billion soms, up 11.1% compared to the same period in 2025.
EU fuel prices up 13.7% year-on-year in June
The cost of motor fuel and oils in the European Union rose by 13.7% in June compared with the same month last year, according to Eurostat.
Annual Inflation in Russia Slows to 5.98% in July
Rosstat reported that inflation in July 2026 was 0.54%, and annual inflation slowed to 5.98%, below analyst expectations.
Azerbaijan Housing Prices Up 8.6% in Q2 2026
In Q2 2026, Azerbaijan's housing price index rose 8.6% year-on-year, according to the Central Bank.
Global Food Price Index Rises 0.6% in July
The FAO Food Price Index averaged 131.1 points in July 2026, up 0.6% from June, driven by higher prices for cereals, sugar, and vegetable oils.
Bank of Russia revises annual inflation forecast
Annual inflation in Russia may reach 6.3% by the end of September, according to the Bank of Russia's August 5 commentary on its medium-term macroeconomic forecast.
Turkey's Inflation Slows to 31.75% in July
Consumer prices in Turkey rose 31.75% year-on-year in July, the lowest since March.
Iran Aims to Pressure US Through Oil Price Rise Ahead of Elections
Iran expects to provoke a rise in oil and fuel prices in the US to pressure the administration ahead of the November midterm elections.
Central Bank Keeps Interest Rate Corridor Parameters Unchanged
The Central Bank's Board of Directors decided to keep the interest rate corridor parameters unchanged, balancing inflation and foreign exchange market factors.
Bitcoin Falls 0.9% Amid Geopolitical Tensions
Bitcoin dropped to $64,100 as US-Iran tensions and rising oil prices fueled inflation expectations.