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Cost of living crisis
The soaring cost of food and energy that is affecting people across the globe.
Skip next section All Content on this topic
All Content on this topic
UK election: Voters weigh economic concerns ahead of polls
As the UK readies for the general election, the question is how much the two main parties differ on economic policy.
Kenya protests
Kenyan President William Ruto withdrew planned tax hikes, bowing to pressure from protesters who stormed parliament.
Nigeria: Can unions secure a wage deal before Monday?
Nigerian unions have suspended a nationwide strike to allow for more wage talks with the government.
How high will 'heatflation' take Middle East food prices?
Extreme heat raises food prices in a phenomenon known as "heatflation." In the Middle East, prices will be even higher.
Is Guinea's military junta to blame for rice shortage?
Guineans have blamed the military junta for soaring rice prices, threatening to protest.
Germany: Public sector workers strike wage deal
A two-year deal, equivalent of an 11% pay hike, has been reached for employees of Germany's 16 states.
OECD unveils tepid annual world economic outlook
The forum says economic growth will remain weak, especially in Europe, despite sinking inflation. Geopolitical conflict,
Germany: Rail strike ends after 20 hours
The strike led to mass train cancelations across Germany, and only 20% of scheduled services operated on Thursday.
UN calls for pay cap for workers in 'destructive industries'
Wages should reflect what a worker contributes to society, the UN has said, calling on governments to intervene.
Nigeria unions stage warning strike amid rising living costs
Nigeria's biggest workers' association threatened to shut down the nation's economy if its demands are not met.
Cost-of-living crisis in Britain
Schools are closing because life for families with children in London is becoming unaffordable.
Germany: Inflation sinks slightly in July
Inflation in Germany has dropped a bit, but remains high overall, driven largely by food prices.
Bank of England raises interest rate to 15-year high
The interest rate was increased to an anticipated 5.25%, the bank's 14th hike in a row.
ECB hikes interest rate to 4.25% to combat inflation
The European Central Bank has lifted interest rates nine times in a row in an effort to curb persistent inflation.
Pakistan: IMF approves $3 billion bailout
The funds will help the country avoid default as it grapples with inflation and the aftermath of devastating floods.
How is the luxury market beating the cost of living crisis?
The luxury sector is booming around the world despite many economies being in crisis. We investigate why.
Kenya's planned tax hikes spark anger
Kenyans squeezed by a cost-of-living crisis are enraged by the government's plans to raise taxes.
Germany: Are falling butter prices a sign inflation is over?
As prices fall, German consumers are less worried when grocery shopping. Is peak inflation behind them?
G7 finance ministers meet in Japan ahead of leaders' summit
Finance ministers and central banks' chiefs are discussing a US debt crisis and preventing Russian sanction evasion.
Lebanon: Soaring inflation turns olive oil into a luxury
Lebanon's economic crisis and global inflation make olive oil not suitable for every pocket.
US Fed hikes interest another 0.25%, suggests raises to stop
The US Federal Reserve has raised its benchmark lending rate by another 0.25% as it seeks to tame inflation.
Germany: Hundreds of flights canceled amid strikes
Inflation in Germany has led to a wave of strikes, as workers seek higher pay to offset the rising cost of living.
IMF predicts modest global growth, slowly receding inflation
The International Monetary Fund predicted that most countries would avoid a recession this year despite the volatility.
Junior doctors in England launch 4-day strike over pay
Junior doctors in England began a four-day strike on Tuesday, likely to cause unprecedented disruption to services.
How company profits are keeping prices high
Inflation is hitting consumers hard. Policymakers are pointing to high company profits as part of the problem.
High rent burden for Germany's tenants raises 'red flag'
Some 1.5 million German households are spending more than half of their income on rent, according to a study.
German inflation eases in March, to 7.4%
Consumer prices in Europe's biggest economy rose 7.4% in March compared to last year.
Why the British are suddenly so strike-happy
French and German workers want to maintain living standards, while UK workers hope to get back what they've lost.
Germany: Wine sales drop amid cost of living crisis
The German Wine Institute said that domestic wines were the most strongly affected by the trend.
Argentina's rampant inflation: Will price caps work?
Buenos Aires imposed price caps to rein in inflation — but economists are skeptical it will help.
King Charles hails 'solidarity' in first Christmas message
In his first Christmas Day message as monarch, King Charles III has hailed British people's "heartfelt solidarity."
Germany: Inflation to stay high two more years — top adviser
Consumers can expect more price rises in 2023 and 2024, according to the head of expert group advising the government.
Global 3000 - The Globalization Program
In Sri Lanka, the economic crisis is driving more and more people into poverty.
UK: 'Warm banks' emerge in Britain as temperatures plummet
Warm banks, where people can sit and access free heating, are sprouting across Britain amid a cost-of-living crisis.
German inflation slows to 10%
The inflation rate dropped to 10% for November, preliminary data from Germany's federal statistics agency showed.
Austrian railway strike threatens travel standstill
Austria's transport workers' union has called for a strike, with disruptions expected on cross-border and night trains.
Germany approves welfare reform, extends nuclear power
The Bundesrat approved measures aimed at helping people hit hard by high energy prices and the cost-of-living crisis.
Cost of living hits Britons living off the grid
Many Britons who chose to live off grid in boats, camper vans and mobile homes are now facing a cost-of-living crisis.
Students in Germany on the poverty line
One in three students in Germany lives below the poverty line, and state subsidies are no longer enough.
German angst on the rise amid cost of living crisis
Lack of affordable housing and a stagnating economy dominated this year's study into Germans' biggest fears.
UK protesters burn energy bills over cost of living crisis
Prime Minister Liz Truss faces a crisis of public confidence less than a month after she took office.
Can Liz Truss save the UK economy?
How is the new prime minister planning to deal with UK's daunting economic challenges?
German chancellor heckled amid promises on cost of living
The chancellor promised new measures to help with the cost-of-living crisis, but was shouted down by protesters.
Scholz tells Germans 'stick together' amid price spike
In a video podcast, German Chancellor Olaf Scholz admitted that rising prices were a major cause of concern.
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