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Israeli media: Several soldiers were killed in the Beit Hanoun ambush
Israeli media: 16 soldiers were injured, including four in critical condition, as a result of a security incident in the northern Gaza Strip
Israeli media: At least 10 soldiers injured in two serious incidents in the Gaza Strip
Brigadier General Shakarchi to Al Mayadeen: Hezbollah is an independent force defending its country, just like all resistance movements in the region
Brigadier General Shakarchi to Al Mayadeen: All Iranians set aside their differences and united to confront the aggression
Brigadier General Shakarchi to Al Mayadeen: Words like surrender or retreat do not exist in our books or dictionaries, and any aggression will be met with unforgettable blows
Brigadier General Shakarchi to Al Mayadeen: Many Western countries rushed to send weapons to the [Israeli] entity after the end of its aggression against Iran
Brigadier General Shakarchi to Al Mayadeen: In the event of any mistake or act of aggression, we will cross all red lines
Brigadier General Shakarchi to Al Mayadeen: The Israeli army and US forces deployed across West Asia are within the range of our armed forces' firepower
Brigadier General Shakarchi to Al Mayadeen: The United States is primarily responsible for the war on Iran, and we warn it, its proxy, and all those who support them against launching any new aggression

China records lowest inflation rate, Russia close to EU economies

  • By Al Mayadeen English
  • Source: Agencies
  • 6 May 2023 20:01
  • 1 Shares
2 Min Read

Data from the month of March reveals that China's inflation has dropped from 1 percent in February to 0.7 percent.

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  • China records lowest inflation rates, Russia close to EU economies
    A sign reading "Low prices for you" is seen on a shopping trolley in a supermarket in Nice, France, March 1, 2023. (Reuters)

China recorded the lowest inflation rate worldwide as of March at 0.7 percent, and Russia ranked 102nd place at 3.5 percent despite the historic anti-Moscow sanctions imposed by the West in the past year, Sputnik reported on Saturday based on statistical data.

European countries such as Spain (3.3), Switzerland (2.9), and Liechtenstein (2.9) were not far behind Russia, while Hungary and Moldova recorded 25.2 and 22 percent respectively.

The highest inflation levels were in Lebanon at 264%, Argentina at 104.3%, Zimbabwe at 87.6%, Suriname at 59.4%, and Turkey at 50.5%.

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Despite declines in headline rates of inflation in the first few months of the year, the majority of chief economists at the World Economic Forum (WEF) anticipate runaway prices to continue to hurt Europe and the United States throughout 2023, according to a WEF report released earlier this month.

In January, the Financial Times released a report citing economists who warned that the Eurozone economy is set to shrink this year due to high inflation and potential energy shortages.

The economists indicated that the single currency zone was already in recession, with the gross domestic product expected to contract over the whole of next year.

Despite EU members managing to lower their dependence on Russian gas imports by turning to the United States and Norway, as well as shifting to alternative energy sources, economists have warned that without Russian supplies, it will be much harder to refill Europe’s gas storage facilities ahead of next winter.

Read more: UK inflation jumps to 10.4% amid more interest rate hikes by BoE

  • Russia
  • United Nations
  • inflation
  • Sanctions on Russia
  • US sanctions on China
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