Cost-of-living crisis
Coverage of Cost-of-living crisis in the Nexus archive.
- Nigeria’s big food businesses prosper through insecurity and economic shock
Nigeria’s major food businesses are thriving despite insecurity and economic challenges. BUA Foods reported resilience against the cost-of-living crisis, citing the universal necessity of food consumption.
- Respite needed
The federal budget is criticized as a futile exercise constrained by IMF programs and limited fiscal space, with repeated budgets failing to address economic stagnation. Regressive tax policies and a cost-of-living crisis exacerbate hardship for households amid stagnant income growth and high oil prices.
- Australian snow season begins amid El Niño fears
Australia's snow season has begun with 20cm to 40cm of snowfall in parts of Victoria and New South Wales. Resorts anticipate a strong season despite concerns over El Niño and the cost-of-living crisis, supported by snowmakers.
- Send in the clowns: No help over energy bills as Rachel Reeves cuts VAT on family days
Rachel Reeves' government is cutting VAT on family entertainment days rather than providing help with energy bills. The policy decision prioritizes reducing costs for activities like circus visits over addressing household energy expenses. The move has drawn criticism for misaligned priorities during a cost-of-living crisis.
- Food prices have soared 50% in just five years as the cost-of-living crisis bites
Food prices have increased by 50% in five years, contributing to the cost-of-living crisis. This significant rise affects households worldwide, making everyday food items unaffordable. The surge in food prices is a pressing global issue.
- Nike’s Spiraling Stock Has Wall Street Questioning Comeback Plan
Nike's stock is declining, leading Wall Street to question its recovery strategy. The article also notes the euro area's economic improvement in 2024 despite past disruptions.