Sources: CNNMoney
The Federal Reserve inflation rises to a three-year high in May. Additionally, the U.S. Department of Commerce reported a 4.1% increase in consumer prices driven by high gas prices, the largest since April 2023. 2026-06-25
Argentina records a 31.5% annual inflation rate in December, the lowest end-year level since 2017, while monthly prices rise 2.8%, driven mainly by transport, housing, and fuel. 2026-01-13
The Nigeria Labour Congress, the Trade Union Congress, and the Nigerian government agree on a new minimum wage of ₦70,000 (US$43) per month, ending prolonged negotiations amid high inflation and a weakening currency. 2024-07-18
Bangladesh increases the minimum wage for garment workers by nearly 56% to 12,500 link=yes (US$113) per month, a move trade unions find insufficient against their demand for a 23,000 ($208) threshold amid rising costs of living and inflation. 2023-11-7
Syrian President Bashar al-Assad reshuffles the government's cabinet amid an increase in prices and shortages of food due to the severe economic situation the country, which was worsened by the recent earthquake. 2023-03-29
Argentina's annual inflation rate increases to 102.5%, the highest recorded rate since 1991. 2023-03-14
Sri Lanka's inflation continues to increase and reaches nearly 60% as the country's economic crisis worsens. 2022-07-5
President Pedro Castillo imposes a curfew in Lima amid protests against inflation caused by rising fuel and fertiliser costs. 2022-04-5
President Recep Tayyip Erdoğan announces that the value-added tax (VAT) will be lowered from 8% to 1% on dairy products, fruit, vegetables, and other basic foods. The VAT reduction, aimed at countering soaring inflation, will go into effect on Monday. 2022-02-12
Pakistani Prime Minister Imran Khan removes Finance Minister Abdul Hafeez Shaikh in light of rising inflation and Shaikh's defeat in the recent Senate elections. Minister of Industries and Production Hammad Azhar is selected to replace him. 2021-03-29