As new figures show, retail prices are falling for the first time in almost three years. According to an influential retail group, retailers’ drastic price cuts to get rid of their summer merchandise helped push store prices into deflation in August for the first time since October 2021. Deflation occurs when the general price level […]
The painful rise in bills at London restaurants over the past few years may finally be easing after a key indicator of hospitality cost inflation today showed its biggest month-on-month fall on record. Restaurant customers have been hit hard by huge increases in the cost of eating out, due to rising wages caused by the […]
MEXICO CITY (AP) — Mexico City lawmakers on Thursday passed the most ambitious rent control law since the 1940s, limiting rent increases to the previous year’s inflation rate. In the vast city of nine million, rents were essentially frozen in the 1940s, and for older buildings they remained so for decades. In the 1990s, these […]
