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Added on the 07/11/2021 15:43:38 - Copyright : Euronews EN
Ofgem's move will see average annual household bills soar to £3,549 pounds (€4,204).
The US Federal Reserve raises its benchmark lending rate to the highest level since 2001 to tackle above-target inflation, and signaled the possibility of further increases ahead. SOUNDBITE
GDP in the EU is now forecast to reach 1.0% in 2023 and 1.7% in 2024, up from a previous forecast of 0.8% and 1.6%.
The Austria government is under pressure to act as rising prices continue to erode living standards.
Sudanese trader Ahmed Hashem says the conflict is creating inflation, alongside cash and fuel shortages in northern city of Wad al-Habashi, which so far has been spared from the spreading clashes.
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