China’s consumer prices fell into negative territory in February, marking the first deflationary trend in over a year. The national consumer price index declined 0.7 percent year-on-year, reversing a 0.5 percent gain in January, according to the Chinese National Bureau of Statistics.

Deflation hits China despite stimulus efforts

China's yearly growth target is under pressure. The reason: The country's consumer prices rose at a slower-than-expected rate last month. This adds to the evidence that officials are having trouble getting households to spend.

China's consumer prices rose less than expected in August

What the latest consumer price data tells us about the US economy

China's consumer prices rise for second consecutive month, factory deflation continues

Inflation in the UK fell for a second month in December but remained at one of the highest levels in 40 years due to food prices. The annual rate as measured by the consumer prices index dipped again last month to 10.5%, continuing a fall from 10.7% in November and its recent peak of 11.1% in October.

UK inflation drops but food prices keep it high

Personal cash withdrawals from the UK's post office jumped 8% in July to $967 million. It is believed that more people are now relying on cash to help stay on budget as the cost of living crisis increases.

People turn back to cash as prices rise, cost of living crisis worsens in the UK

The economies across continents have been grappling with hyper inflation starting from developed economies like the United States and UK to emerging economies like India. Egypt falls in line too as the statistics office says that annual urban consumer inflation in the country clocks double-digit growth once again with a monthly increase of 0.4 percent.

Egypt's annual urban consumer inflation soars, rises to 13.6%

The US inflation has eased more than expected but still towering 400 percent higher than the Fed's annual inflation target. The consumer prices in July slowed down to 8.5 percent from 9.1 percent.

US inflation slows from 40-year peak, consumer prices ease to 8.5%

From US to China, there is no relief for citizens of the country from the price rise. Latest data shows China's consumer inflation has accelerated in July to highest level in two years.

China consumer prices edge up

Mexico’s annual inflation accelerated in June to a level not seen since early 2001, leaving the central bank little choice but to continue its monetary tightening to tame spiralling consumer prices.

Mexico's annual inflation hits 21-year high in June

UK inflation rose to its highest level since last 40 years, adding to pressure for action from the government and central bank. Consumer prices surged 9% in the year through April, the fastest rate since March 1982.

UK inflation rate surges to a 40-year high of 9%

US inflation hits 39-year high as consumer prices jump 7%

Japan’s core consumer prices narrowed their annual pace of falls for three straight months in July, a sign global commodities inflation was offsetting some of the deflationary pressure from a pandemic-induced spending slump.

Japan’s core consumer prices narrow their annual pace of falls for three straight months

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