Islam Times - Russian President Vladimir Putin has blasted the West for trying to deflect blame for the skyrocketing inflation in Europe and the United States, saying the crisis is a direct result of "irresponsible actions" by the G7 countries, not Russia's ...

Islam Times - President Joe Biden cautioned that US inflation could last "for a while" after data on Friday showed that politically sensitive price pressures unexpectedly accelerated in recent weeks.

Islam Times - The costs of gas, food and other necessities jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising costs.

Islam Times - US inflation hit the highest level since 1981 in May, US Labor Department data showed on Friday. Consumer prices soared 8.6% in May from 12 months earlier, faster than April’s year-over-year surge of 8.3%.