"I will be 100% on board with taking sanctions up," Treasury Secretary-pick Scott Bessent told lawmakers on Thursday.

The accelerated rate surpassed forecasts made by Ukraine's National Bank in November, which estimated that Ukraine would end 2024 at an annualized 9.7% inflation rate.

Inflation in Russia accelerated in 2024, official statistics published Wednesday showed, as the costs of Moscow's full-scale offensive on Ukraine weigh on the domestic economy. The cost of butter rose by 36 percent over 2024,

Biden is handing over a world that is running perilously amok under a permissive environment that began with his disastrous withdrawal of U.S. forces from Afghanistan,” thunder Jonathan Sweet

Cabbage (+204%), carrots (+150%), potatoes (+96.6%), apples (+71.9%), beetroots (+71.3%), and butter (+40%) saw the highest price increases in 2024, according to the State Statistics Service (SSS), which monitors the basket of 54 basic goods and services.

Russian inflation is expected to have accelerated further from the central bank’s goal last month as the invasion of Ukraine continued to drive up prices for nearly all goods and services. Most Read from BloombergThese Homes Withstood the LA Fires.

Progress on inflation should stall this year” as fiscal, immigration and trade policies shift, caution Bank of America economists.

Inflation in Russia accelerated in 2024, official statistics published Wednesday showed, as the costs of Moscow's full-scale offensive on Ukraine weigh on the domestic economy. The Kremlin has ...

Tomorrow the 47th President of the United States will be sworn in, having pledged he would bring peace between Ukraine and Russia within "24 hours."

From reducing inflation to cutting spending painlessly to immediately ending Russia’s war with Ukraine, the president-elect is waging a quiet tactical retreat.

The central bank has the power to maintain stable prices, and there is more to the President-elect’s economic policy than tariffs.

As Washington prepares for a new administration, a souvenir shop offers discounted Biden and Harris merchandise on Jan. 10. | Stephen Voss for POLITICO President Joe Biden’s bid for historical greatness came to grief in one day: Nov.