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Added on the 13/07/2021 14:00:00 - Copyright : EFE Inglés
Governor Andrew Bailey announces that the Bank of England will raise interest rates by 0.5% to 1.75%, a hike unprecedented since the Bank gained independence in the 1990s, in a bid to tackle surging price rises. British inflation jumped to a four-decade high of 9.4 percent in June, worsening a cost-of-living crisis as workers' wages fail to keep pace. SOUNDBITE
Beijing, Dec 10 (EFE/EPA).- China's consumer price index, the main indicator of inflation, increased by 4.5 percent year-on-year in November, 0.7 more than the previous month, according to data released by the Asian giant's National Bureau of Statistics on Tuesday.The figure exceeded the expectations of analysts, who had predicted an inflation of around 4.3 percent for November.This is the first time since 2011 that China's CPI has registered a growth of more than 4 percent. (Camera: ROMAN PILIPEY). SHOT LIST: B-ROLL OF A MARKET IN BEIJING, CHINA.
The European Central Bank President Christine Lagarde warns that growth in the eurozone risks slowing further, while inflation could continue to rise beyond recent record highs. SOUNDBITE
The Fed predicts a 5.2 percent rate of inflation, as measured by the personal consumption expenditures price index, before falling rapidly to 2.6 percent next year and 2.2 percent in 2024, Chair Jerome Powell says during a press conference. SOUNDBITE
The chair of the US Federal Reserve, Jerome Powell, predicts an annual inflation rate of 4.2 percent in 2021, up from the 3.4 percent forecast in June, dropping to 2.2 percent in 2022. SOUNDBITE
Rio de Janeiro (Brazil), Jan 12 (EFE), (Camera: Janaina Quinet) .- Brazil closed 2020 with an inflation rate of 4.52%, the highest since 2016, the Government reported on Tuesday.FOOTAGE OF SUPERMARKETS IN RIO DE JANEIRO.
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