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Cost Of Living

Indians see lower living costs but anticipate price hikes: Report

Indian fear that food prices, utilities, household shopping, fuel, and going out are all likely to become more expensive next year: Ipsos Cost of Living report

Indians see lower living costs but anticipate price hikes: Report
Updated On : 10 Dec 2024 | 10:44 AM IST

Nestle CEO joins line of consumer bosses felled by rising living cost

After eight years as CEO of the Swiss maker of Nespresso coffee and Purina pet foods, Schneider will be replaced by Latin America chief Laurent Freixe

Nestle CEO joins line of consumer bosses felled by rising living cost
Updated On : 23 Aug 2024 | 7:48 AM IST
Updated On : 11 Jul 2024 | 6:35 PM IST

High cost of living bites UK. Many believe election won't change anything

Dominic Watters watches his gas and electricity metre like a hawk. He topped it up a few days ago, but now there's just 1.85 pounds (USD 2.40) of credit left. That may determine what kind of dinner he and his teen daughter get tonight, he says. Watters, a campaigner for better access to nutritious food, is a single dad in Canterbury in southern England who relies on government welfare. He knows microwave meals don't compare to home-cooked dinners, but sometimes he simply cannot afford to use the gas stove or oven. It's become more and more of a struggle, especially for single parents on benefits, he said. It leaves you feeling stranded. It doesn't allow you enough to pay for fresh fruit and vegetables, and also to pay for the gas and electric to cook the food. Since calling a general election for July 4, British Prime Minister Rishi Sunak has been at pains to repeat a key message on the campaign trail: The economy is turning a corner. Inflation is down. Things are looking up. That'

High cost of living bites UK. Many believe election won't change anything
Updated On : 17 Jun 2024 | 10:51 AM IST

World Food Safety Day 2024: Prepare for the unexpected

Ensuring food safety is a public health priority and an essential step towards achieving food security

World Food Safety Day 2024: Prepare for the unexpected
Updated On : 07 Jun 2024 | 10:56 AM IST

US consumer confidence rises to five-month high, home sales eke out gains

Though consumers continued to worry about inflation, many were planning to buy motor vehicles, houses and major appliances like refrigerators and clothes dryers over the next six months

US consumer confidence rises to five-month high, home sales eke out gains
Updated On : 20 Dec 2023 | 11:46 PM IST

Europeans get relief as inflation falls to 2.4%, lowest in over two years

Europeans again saw some relief as inflation dropped to 2.4% in November, the lowest in more than two years, as plummeting energy costs have eased a cost-of-living crisis but higher interest rates squeeze the economy's ability to grow. Inflation for the 20 countries using the euro currency fell from an annual 2.9% in October, according to numbers released Thursday by Eurostat, the European Union's statistics agency. It's a far cry from the peak of 10.6% in October 2022 as an energy crisis left Europe's households and businesses struggling to make ends meet. The new figure is close to the European Central Bank's inflation target of 2% following a rapid series of interest rate hikes dating to summer 2022. But the tradeoff is stalled economic growth. With energy prices plunging 11.5% from a year earlier, it raises expectations that the ECB would hold rates steady for the second time in a row at its next meeting Dec. 14. ECB President Christine Lagarde reiterated this week that the ban

Europeans get relief as inflation falls to 2.4%, lowest in over two years
Updated On : 30 Nov 2023 | 5:28 PM IST

New Zealand National Party forms coalition government with two parties

Christopher Luxon will replace the outgoing Labour Prime Minister Chris Hipkins, who held the role for a mere nine months

New Zealand National Party forms coalition government with two parties
Updated On : 24 Nov 2023 | 1:18 PM IST

13 states report higher inflation numbers; rising trend among BRICS peers

Overall inflation in India rose 5.02 per cent for the month of September

13 states report higher inflation numbers; rising trend among BRICS peers
Updated On : 12 Oct 2023 | 8:15 PM IST

UK cost of living crisis set to ease for first time in two years: Report

Data a day later are forecast by the Bank of England to show a further fall in inflation to 6.8% in July after the energy regulator cut the maximum amount households pay for gas and electricity

UK cost of living crisis set to ease for first time in two years: Report
Updated On : 10 Aug 2023 | 4:05 PM IST

Australia's economic growth slows amid inflation, cost-of-living increases

The household saving ratio fell from 4.4 per cent in the last quarter of 2022 to 3.7 per cent, the lowest figure since 2008

Australia's economic growth slows amid inflation, cost-of-living increases
Updated On : 07 Jun 2023 | 5:01 PM IST

Mumbai costliest city to live for expatriates in India: Mercer Report

Hong Kong retained the top position as the costliest city for expats globally

Mumbai costliest city to live for expatriates in India: Mercer Report
Updated On : 07 Jun 2023 | 12:53 PM IST

High cost of living top concern of Gen Zs, 50% have side jobs: Report

Nearly half of Gen Zs interviewed felt more concerned about the high cost of living followed by unemployment and climate change as they live from paycheck to paycheck, a survey has said. The high cost of living is top societal concern of Gen Zs, who say they live paycheck to paycheck and growing numbers are taking on side jobs to address financial concerns, according to Deloitte's 2023 Gen Z and Millennial Survey. About 46 per cent of Gen Zs and 37 per cent of Millennials have taken on either a part or full-time paying job in addition to their primary job, it said. This has postponed their big life decisions like buying a house or starting a family, and adopting behaviours that save money such as buying second-hand clothes or not driving a car, the survey added. Gen Zs are people who were born between the late 1990s and the early 2010s, while Millennial are those born in the 1980s or 1990s. The Deloitte Global 2023 'Gen Z and Millennial Survey' is based on responses of 22,856 ...

High cost of living top concern of Gen Zs, 50% have side jobs: Report
Updated On : 19 May 2023 | 12:02 AM IST

Gen-Zs, millennials want work-life balance but cost of living crisis hovers

Despite their desires for better work-life balance and the ability to reduce working hours, Gen-Zs and millennials have taken on extra jobs to make ends meet

Gen-Zs, millennials want work-life balance but cost of living crisis hovers
Updated On : 18 May 2023 | 10:54 AM IST

Surge in Australians living in poverty amid cost-of-living crisis: Survey

A new survey by Australian Associated Press (AAP) revealed that 93% of people who used a charity's services in 12 months were struggling amid cost-of-living crisis

Surge in Australians living in poverty amid cost-of-living crisis: Survey
Updated On : 17 May 2023 | 4:12 PM IST

63% of Indian consumers cut back on non-essential spending: PwC report

Nearly half of Indian consumers said rising prices remain the biggest issue when shopping in-store

63% of Indian consumers cut back on non-essential spending: PwC report
Updated On : 06 Apr 2023 | 11:17 PM IST

UK reveals measures to boost economy, eases cost-of-living burden

The UK has unveiled a clutch of measures to boost its struggling economy, including childcare reforms, tax cuts for businesses, and policies to ease the cost-of-living burden for households

UK reveals measures to boost economy, eases cost-of-living burden
Updated On : 16 Mar 2023 | 11:05 AM IST

UK inflation eases for a second month in December, falling to 10.5%

UK inflation eased for a second month in December, boosting confidence that the cost-of-living crisis has peaked. Consumer prices rose 10.5 per cent in the year through December, down from 10.7 per cent the previous month, the Office for National Statistics said on Wednesday. Inflation peaked at a 41-year high of 11.1 per cent in October. While the drop is welcome, inflation is still running at levels last seen in the early 1980s. UK prices are also rising faster than in other major industrialised nations. Inflation slowed to 6.5 per cent last month in the US and 9.2 per cent in the 20 countries that use the euro. Inflation soared after Russia's invasion of Ukraine fuelled sharp increases in food and energy prices, eroding savings and living standards. That has triggered a wave of strikes across Britain as nurses, train drivers, border guards and teachers demand pay increases and the government tries to prevent higher wages from triggering a second round of domestically driven ...

UK inflation eases for a second month in December, falling to 10.5%
Updated On : 18 Jan 2023 | 2:26 PM IST

Inflation may be past peak but cost of living crisis far from over: Experts

Inflation is likely to have reached its peak in 2022 but there is no end in sight for the cost of living crisis, experts said on Tuesday. Speaking at a panel discussion during the World Economic Forum Annual Meeting 2023 here, they said those on low income and in the developing world will be grappling with high prices for years to come. Gita Gopinath, Deputy Managing Director of the International Monetary Fund, said, "we do believe that, in terms of headline inflation for the global economy, we think it peaked in 2022." Participants agreed that inflation is inextricably linked to the cost of living crisis and tackling inflation is key to easing the cost crunch in the long run. However, Gopinath warned, "even if inflation comes down, prices are high because we don't have deflation, we have lower levels of inflation. The prices have gone up. How much of an impact that has had on households and on consumption varies across countries." German Finance Minister Christian Lindner highlig

Inflation may be past peak but cost of living crisis far from over: Experts
Updated On : 17 Jan 2023 | 11:55 PM IST

Global economy 2023: How countries are tackling the cost of living crisis

Inflation increased significantly in the US in late 2021 and early 2022, reaching levels higher than at any time in the last 40 years

Global economy 2023: How countries are tackling the cost of living crisis
Updated On : 12 Jan 2023 | 12:28 PM IST