Inflation

Core inflation is actually seen rising by 0.4% in April, up from 0.3% the previous month, even as the annual pace dips a bit due to base effects.

The index excludes fresh food, which is a volatile factor, but includes energy items.

The range of possible outcomes for growth and inflation is wide and the room for policy errors is very narrow.

After lifting two years of on-and-off coronavirus curbs in March, the government was counting on what's known as "revenge spending"

The euro has lost 5% on the dollar in April and just over 7% on the dollar since Russia's invasion of Ukraine on Feb. 24.

P&G reported a seven percent jump in revenues to $19.4 billion, due in part to five percent higher pricing.

Governments can alleviate impact of the price jumps with "targeted measures to try to support vulnerable populations"

OPEC said inflation was the major factor impacting the world economy and lowered this year's economic growth forecast

Inflation for non-energy industrial goods rose 2.3 percent in January, lower than the 2.9 percent seen in December.

The Fed is the world's most influential central bank, and its policies have implications for lending globally.

The cost of living in Britain is forecast to soar even higher in April

The world's biggest economic powers, the United States and China, have not been spared from the economic impact of Omicron.

Often, police are at hand to keep order in queues that stretch down several street blocks.

Omicron, which emerged late last month, forced Britain to re-impose coronavirus restrictions that were passed by lawmakers late on Tuesday.

The World Bank estimates that debt loads in poor countries surged 12 percent to a record $860 billion in 2020 amid the pandemic

The OECD urged monetary policymakers to "communicate clearly" about how far they will tolerate inflation exceeding their targets.

Paris and Singapore came joint second, followed by Zurich and Hong Kong. New York was in sixth, with Geneva in seventh.

A sign of the growing concern is that Google searches for the word "inflation" have hit their highest levels

The growth outlook was also in focus as Brussels on Thursday raised its forecast for eurozone output this year.

The commission said that it expected inflation, a pressing concern worldwide, to peak at 2.6 percent this year

Bitcoin, the world's biggest cryptocurrency, hit a record-high $66,000 last month after taking another step towards mainstream status.

BOE governor Andrew Bailey said central bankers face a "very difficult balancing act"

World Bank President David Malpass warned that some of the price spikes "will not be transitory."

Atlanta Federal Reserve Bank President Raphael Bostic warned that higher inflation could persist.

BoE governor Andrew Bailey believes that recovery is flattening as a result of the pandemic and global supply chain bottlenecks.

The FOMC will convene as the economy sends mixed signals about two of the central bank's top priorities: employment and prices.

Economists worry that surging global inflation will continue to weigh on the world's economic recovery.

Oil prices have bounced back strongly, and inched up despite the International Energy Agency saying global crude demand had dropped for three straight months

Europe's main equity markets advanced, while Asian markets were mixed.

World central bankers will meet later this month at an annual conference in Jackson Hole, Wyoming