News about inflation: events, facts and developments on tafs uz.
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According 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 RahimovaThe US Consumer Price Index rose 3.7% year-over-year in September, up from 3.4% in August, exceeding economists' forecasts. Core inflation accelerated to 2.6%. The main driver was a 9.1% monthly gasoline price increase due to the war with Iran. The data strengthened expectations of another Fed rate hike at the October 27–28 meeting.
Nilufar KarimovaThe US Social Security Administration announced a 3.6% benefits increase for 2027 — the largest in four years. About 76 million Americans will receive on average $75 more per month, though advocates for seniors doubt the increase will offset inflation. Separately: startup Floqer at TechCrunch Disrupt presented AI agents for B2B sales and announced plans to open-source its database in early 2027.
Nilufar KarimovaGerman Chancellor Friedrich Merz delivered a programmatic speech in the Bundestag ahead of the EU summit, warning of a growing gap of justice between generations and calling for reforms of the social systems. He rejected accusations that aid to Ukraine comes at the expense of social spending, and accused the extreme flanks of stoking chaos. Meanwhile, in Hamburg the trial began of Ukrainian Serhii K., accused of sabotage of the Nord Stream pipelines, and inflation in Germany rose to 3.3%.
Aziz Karimov
