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Added on the 30/03/2022 13:13:11 - Copyright : France 24 EN
Inflation is continuing to soar in advanced economies around the world. In the UK, the consumer price index rose by 4.2 percent in October, the highest in a decade, while the Eurozone's inflation rate hit a 13-year high. Also in the show - the EU proposes new rules to combat deforestation, and thousands of Chinese millenials seek a new life on rural farms.
France's cost of living crisis shows signs of stabilizing, as inflation dropped from 7.1% to 6.7% in December. It's among the lowest levels in the Eurozone, but many households and businesses are still struggling. French bakers are asking for more financial aid, with the cost of flour up a staggering 45%. Also in the show - UK Prime Minister Rishi Sunak vows to tackle inflation and recession, and Facebook's parent company Meta faces a €390 million fine in Ireland.
Little did we know how the Russian war in Ukraine would impact on the lives of people living in the world, but eleven months on, everyone is feeling the pinch in their pockets after food and energy prices increased. Euronews takes a look in Review of the Year
Ghana has agreed a $3 billion loan with the International Monetary Fund to help the country steer itself through its ongoing economic crisis. But on Wednesday, Ghana reported its newest inflations figures, and the numbers paint a worrying picture. Clemence Waller has the story
High prices are here to stay, with the European Union predicting inflation will remain high throughout 2023.
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