News about inflation: events, facts and developments on tafs uz.
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Over the year, basil in Russia has risen in price by about a third: the average price of fresh herbs has reached about 5,650 rubles per kilogram. In a Moscow-region Lenta store, a 32-gram pack of red basil cost 185 rubles — almost 5.8 thousand rubles when recalculated per kilogram. Green basil is cheaper — about 3 thousand rubles per kilogram.
Javlon TursunovIn September 2026, inflation in the euro area stood at 3.8%, but the spread within it is wide: 2.7% in Finland, 3.3% in Germany and 6.1% in Lithuania under a single ECB rate of 2.50%. The main driver was an 18.9% rise in energy prices, while the differences are explained by energy mix, taxes and wage dynamics.
Javlon TursunovAccording to the Bundesbank, Germany's economy likely did not grow in the third quarter due to rising energy prices, low water levels in the Rhine and weakness in the automotive sector. Annual harmonized inflation accelerated in September to 3.3% from 2.9% in August — the highest since late 2023. The bank expects elevated inflation to persist.
Sevara AzamovaExperts assess the probability of a pause at the Bank of Russia meeting on October 23 as high: Pavel Anisimov — around 80%, Kirill Kuchinsky puts the chance of a hike at only 5–10%. The arguments are rising household inflation expectations, more expensive fuel and utility tariffs. The Finance Ministry's currency purchases and the yuan exchange rate are also discussed.
Javlon TursunovAnnual inflation in the eurozone reached 3.8% in September 2026, up from 3.2% in August, according to Eurostat. Rising prices for energy, food and housing are sparking protests across Europe, while the European Commission proposes new measures — from the Affordable Housing Act to energy policy reform.
Sevara AzamovaNew data showed inflation rising to 3.5%, record national debt above £3 trillion, and a budget deficit exceeding forecasts. Chancellor John Healey is preparing a budget statement next week amid rising prices and borrowing costs.
Javlon TursunovUK inflation accelerated to 3.5% in September 2026 — the highest since October 2025 — while government borrowing reached £24.5bn, exceeding forecasts. Rising prices were largely driven by more expensive fuel amid conflicts in the Middle East and Europe. The data increase pressure on Chancellor John Healey ahead of the October 28 budget and raise expectations of a Bank of England rate hike on November 5.
Javlon TursunovEurozone inflation reached 3.8% in September, up from 3.2% in August, with energy prices rising 18.8% year on year. Protests swept across Europe — from Brussels and Paris to Lisbon and Athens. Brussels is coordinating the release of oil reserves and calling for targeted aid, but does not control prices, rents or tuition fees.
Javlon TursunovBBC Verify examines Donald Trump's claims of economic success: GDP is growing faster than IMF forecasts, but inflation has risen to 3.7%, job creation has slowed, and the budget deficit has reached $2 trillion. Tariffs and the war with Iran, economists estimate, have pushed prices up, while the benefits of tax cuts have gone to the wealthiest.
Dilnoza RahimovaAt the sixth international HAT Treasury Summit in Athens, financial experts discussed how consumers and companies should act amid high inflation, rate volatility and geopolitical uncertainty. Advice: caution with major purchases, expense control and hedging risks for businesses.
Nilufar KarimovaAccording to Eurostat, eurozone inflation in September stood at 3.8%, with energy prices up 18.8% year-on-year. Euronews publishes an overview of pressure on consumers and European Commission measures and launches an anonymous reader poll on whether the EU's response is sufficient.
Nilufar KarimovaAccording to ECB estimates, eurozone inflation reached 3.8% in September 2026, up from 3.2% in August. The main driver was energy: prices rose 18.8% due to a halt in LNG production amid the war in the Middle East. Lithuania recorded the highest rate (6.1%), Malta the lowest (2.4%). The EU proposed energy resilience measures but rejected requests from Italy and Greece for fiscal flexibility.
Dilnoza RahimovaAccording to The Economist, the Iranian rial has lost half its value in a year, inflation has reached 90%, and last month, for the first time since 1979, no oil was shipped for export. The US has supplemented sanctions with a military blockade of ports. Whether the pressure will force Tehran to stop the war now in its eighth month remains unknown.
Otabek YusupovRising energy prices amid the Iran conflict are intensifying inflationary pressure in major economies. The Fed, ECB and Bank of Japan raised rates in September, while the Bank of England held them, but three committee members voted for an increase. Economist Hugh Dixon warns of possible stagnation of growth and recessions in several G7 economies by 2027.
Nilufar KarimovaOn Thursday, global markets traded positively: technology stocks recovered after the previous day's decline, and US Treasury yields fell. US PPI in September rose 1.3% month-on-month and 6.3% year-on-year — the highest since 2022 — reinforcing concerns about a possible Fed rate hike. Retail sales beat expectations (+0.8%). Asian indices rose notably, while European and American ones were mostly in positive territory.
Dilnoza RahimovaTurkish Vice President Cevdet Yilmaz presented the 2027 budget draft: economic growth is expected at 4.2% versus 3.3% in 2026, inflation should fall to 21%, and the budget deficit is set at 3.5% of GDP. Expenditures are planned at 27.276 trillion liras, revenues at 23.408 trillion liras.
Nilufar KarimovaSpeaking at the annual IMF and World Bank meetings in Bangkok, Fed Chair Kevin Warsh reaffirmed his commitment to price stability but declined to prejudge rate decisions for October and December. He noted the unexpected resilience of the global economy, an investment boom in the US, and called AI the biggest economic transformation, which is so far boosting demand and inflation.
Dilnoza RahimovaThe International Monetary Fund raised its forecast for Uzbekistan's GDP growth for 2026 from 6.8% to 7.8%, and for 2027 from 6% to 6.5%. The updated estimates are provided in a report published on October 12. Forecasts for inflation, unemployment and the current account deficit have also been revised.
Dilnoza Rahimova
