Zimbabwe's central bank, currently grappling with record-breaking inflation, has introduced a new high-denomination bank note of a quarter of a billion dollars,state television have said.

India's inflation rate, which jumped to a more than three-year high last month, is a "big concern" for the government as it heads towards a general election due by May 2009, Indian Finance Secretary Subba Rao said in Spain.

The economic figures are in, and America's GDP rose by 0.6% in the 1st quarter of 2008 (January-March). All praise to Ben Bernanke then as the Commerce Department announced slight growth in U.S. Economy?

Concerned about their country’s unprecedented high growth performance, the Chinese Government has declared reducing economic overheating and curbing inflation as its top priorities for 2008.

The Fed cut short term rates by 75 basis points, but they included one full paragraph in their latest statement about inflation going up.

China's inflation rate has continued to accelerate, with the consumer price index (CPI) up 8.7 percent year-on-year in February, the biggest jump in nearly 12 years, the National Bureau of Statistics (NBS) said on Tuesday.

China's top priorities for the coming year will be curbing inflation and improving living standards for ordinary people. In his speech to the opening session of the Chinese legislature, Wednesday, Premier Wen Jiabao said the government will also pay attention to environmental protection and to streamlining the bloated bureaucracy. VOA's Stephanie Ho reports from Beijing.

A rate increase by Australia's central bank is putting a heavy burden on many of the nation's homeowners. Rates have been increased to more than seven percent, in a move aimed at curbing rising inflation. Phil Mercer reports from Sydney.

The likelihood of an interest rate rise has sparked fresh political argument about the eventual outcome of the Government's plan to lower inflation.

The U.S. Federal Reserve Board members have surely lost their share of sleep over the past couple of months and they are about to lose more. Last month the Feds cut interest twice in hope of stemming off inflation and slowing the mortgage fiasco that has gotten a grip on the U.S. economy but the plan backfired.

Have you heard the word stagflation? It's more associated in recent times to U.S. economy. If you guessed that stagflation means a combination of stagnation and inflation that's close. The long story short, the fears of both, in relation to U.S. economy are are coming back.

There is no strong empirical evidence that inflation in China has a significant impact on inflation in the US and Japan. According to a study in China and World Economy published by Wiley-Blackwell, the recent rise in Chinese prices is unlikely to affect Japan or the US. Conversely, there is evidence that the inflation in the US has had some impact on Chinese inflation.