Inflation

Sofia climbed sharply up the list of the most expensive cities in the world, compiled annually by the analyst unit of the Economist magazine. In the ranking for 2018, the Bulgarian capital has climbed 29 positions to 90th place and is the second in the pace of increase of prices of life, reports Dnevnik. 

Turkey will see single-digit inflation by this September thanks to structural measures by the government, Treasury and Finance Minister Berat Albayrak said on March 19.

Paris is now the most expensive city to live in the world. An annual survey compares prices of 160 basic commodities in 133 of the world's largest and richest cities. In the first place, with equal figures, are Paris, Hong Kong and the city, which was in the first position 5 times in a row - Singapore. Just behind the list of expensive cities are Zurich, Geneva and Osaka.

Household income and expenditure data in the fourth quarter of 2018 triggered mixed responses. As is often the case with such an opportunity, most media have put the accent on the "bad" - faster spending growth (10.5% on an annual basis) than income, although income growth (7.5%) is significant higher than any changes in the price level.

In making the decision, the Executive Board was guided by the expected movement in inflation and its underlying factors, and the effects of past monetary policy easing, the National Bank of Serbia (NBS) announced in a press release, adding:

As part of government efforts to curb food inflation, legume products such as lentils and chickpeas will now be sold at stalls set up by the Ankara Municipality, Agriculture and Forestry Minister Bekir Pakdemirli said on Feb. 26.

The total return on investment reported by pillar two pension fund managers was 127.1pct May 20, 2008 to the end of 2018, giving an average annual yield rate of 8.03pct, according to a press statement released by the Association of Romania's Privately-managed Pension Plans (APAPR).

According to the preliminary data of the National Statistical Institute (NSI), the consumer price index in January 2019 compared to December 2018 was 100.5%, i.e. the monthly inflation was 0.5%.

Greece's annual EU-harmonised inflation rate slowed in January, statistics service ELSTAT data showed on Thursday.

The reading was 0.5 percent from 0.6 percent in December.

The data showed the headline consumer price index also decelerated to 0.4 percent year-on-year from 0.6 percent in the previous month.

Turkey's tight monetary policy stance will continue to score significant improvements in the country's inflation dynamics, the Central Bank governor said on Feb. 14.