Economy · World
Inflationary pressures rise globally, impacting food and land prices
Global inflation is showing an upward trend, with specific concerns arising from increased prices of sugar, chips, pork, and eggs in various regions. In Japan, land prices have risen for the fifth consecutive year, and monks are turning to investments due to worsening inflation. The Bank of Japan is reportedly poised to raise its policy rate by 25 basis points to 1.25% to combat intensifying inflation risks fueled by rising oil and import costs. Meanwhile, in Jammu and Kashmir, inflation has reached 4.09%. The Reserve Bank of India had previously noted few signs of generalized price pressures but may need to consider rate hikes next month.
How outlets across the spectrum covered it
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- Centre (13): ABC Australia, CNBC, Channel News Asia, Euronews, Financial Times, Greater Kashmir, NPR, South China Morning Post, The Economic Times, The Indian Express, The Japan Times, The Sydney Morning Herald, The Wall Street Journal