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Swedish economy expected to remain sluggish: gov't

STORY: Swedish economy expected to remain sluggish: gov't SHOOTING TIME: April 15, 2024 DATELINE: April 16, 2024 LENGTH: 00:01:10 LOCATION: Stockholm CATEGORY: ECONOMY SHOTLIST: 1. various of the press conference (credit: Government Offices of Sweden) 2. various of Stockholm's streets 3. various of the press conference (credit: Government Offices of Sweden) 4. various of Stockholm's Central Station STORYLINE: The Swedish economy is expected to remain sluggish with rising unemployment, the government said when presenting its spring amendment budget on Monday. The economy is expected to remain slow until 2025 with the gross domestic product expected to grow by 0.7 percent this year and 2.5 percent in 2025, the government said in a press release. Meanwhile, unemployment is expected to climb up from 7.7 percent in 2023 to 8.3 percent this year, the press release said. The spending package totaling 17.3 billion kronor (1.6 billion U.S. dollars) is considerably bigger than the 4 billion announced in

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Türkiye's annual Industrial Production Index reaches 2-year high in Feb.

STORY: Türkiye's annual Industrial Production Index reaches 2-year high in Feb. SHOOTING TIME: Earlier footage DATELINE: April 9, 2024 LENGTH: 00:01:20 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of an industrial zone in Türkiye (courtesy of ihlas news agency) 2. various of a factory in Türkiye (courtesy of ihlas news agency) STORYLINE: Türkiye's Industrial Production Index grew by 11.5 percent year-on-year in February, the sharpest growth in the past two years, official data showed on Monday. The data revealed significant increases across key sectors, with the mining and quarrying index rising by 12.8 percent, the manufacturing index by 11.9 percent, and the electricity, gas, steam, and air conditioning supply index by 7.7 percent compared to the same period last year. On a monthly basis, the output increased 3.2 percent in February, the strongest growth since March 2023. When examining specific subsectors, the mining and quarrying index saw a 3.2 percent decrease, while the manufa

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Italy's major banks report record profits in 2023

STORY: Italy's major banks report record profits in 2023 SHOOTING TIME: Feb. 7, 2024 DATELINE: Feb. 8, 2024 LENGTH: 0:00:39 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of Italy STORYLINE: Italy's two major banks have reported record profits in 2023, signaling the recovery of the country's banking sector from recent difficulties. On Tuesday, Banca Intesa Sanpaolo, Italy's largest bank by total assets, reported a net profit of 7.7 billion euros (8.3 billion U.S. dollars) for 2023, a year-on-year increase of 76.4 percent. A day earlier, Unicredit revealed a record net profit of 8.6 billion euros for last year, 51 percent higher than in 2022. Both exceeded market expectations. The two banks rank among the world's 50 largest banks, according to Standard & Poor's ratings. Over the past three years, Italy's banking sector faced multiple challenges due to the financial impacts of the COVID-19 pandemic and the energy crisis stemming from the Ukraine crisis. Additionally, four months ago, the Italian p

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Turkish economy grows by 5.9 pct in Q3

STORY: Turkish economy grows by 5.9 pct in Q3 SHOOTING TIME: File DATELINE: Dec. 1, 2023 LENGTH: 0:01:18 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. Various of shipping trade in Türkiye (file, courtesy of ihlas news agency) 2. Various of some factories and employees in Türkiye (file) 3. Various of shipping trade in Türkiye (file, courtesy of ihlas news agency) 4. Various of shipping trade in Türkiye (file, courtesy of ihlas news agency) STORYLINE Turkish economy grew 5.9 percent year-on-year in the third quarter of 2023, the Turkish Statistical Institute announced Thursday. It is the 13th consecutive quarter of economic growth since the second quarter of 2020 when the COVID-19 pandemic measures were implemented. In the third quarter of the year, household consumption made the highest contribution to growth with 7.7 points, followed by investments with 3.4 points, while the contribution of public expenditures remained at 0.7 points, according to the statistics. Turkish Treasury and Finance Minister M

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Australia's overseas-born population grows

STORY: Australia's overseas-born population grows SHOOTING TIME: Nov. 2, 2023 DATELINE: Nov. 2, 2023 LENGTH: 00:00:58 LOCATION: Canberra CATEGORY: SOCIETY SHOTLIST: 1. Australian families on vacation 2. the Canberra Children's Family Center 3. various of Australian baby and toddler products 4. various of Australian children STORYLINE: The proportion of Australian residents who were born in another country has increased following a downturn during the COVID-19 pandemic. According to data published by the Australian Bureau of Statistics (ABS) on Tuesday, Australia's overseas-born population grew by 155,000 people between 2021 and 2022. As of June 30, 2022, 7.7 million Australian residents were born overseas, representing 29.5 percent of the total national population, the ABS said. It marked a rebound for Australia's overseas-born population after COVID-19 restricted international migration. Between 2020 and 2021, the share of Australia's population born overseas fell from 29.9 percent to 29.3 percent, th

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PHILIPPINES-POWER RATE HIKE-LIVELIHOOD INFLATION

(230913) -- QUEZON CITY, Sept. 13, 2023 (Xinhua) -- Vendors are seen at a market in Quezon City, the Philippines, on Sept. 13, 2023. The Manila Electric Company (Meralco), the largest private-sector electric distribution utility in the Philippines serving 7.7 million customers, announced last week an increase of around 0.5 pesos (0.008 U.S. dollars) per kWh in electricity rates since September. The power rate hike could further contribute to the rising inflation that rose to 5.3 percent year-on-year in August from 4.7 percent in July. (Xinhua/Rouelle Umali)

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PHILIPPINES-POWER RATE HIKE-LIVELIHOOD INFLATION

(230913) -- QUEZON CITY, Sept. 13, 2023 (Xinhua) -- A vendor is seen at a market in Quezon City, the Philippines, on Sept. 13, 2023. The Manila Electric Company (Meralco), the largest private-sector electric distribution utility in the Philippines serving 7.7 million customers, announced last week an increase of around 0.5 pesos (0.008 U.S. dollars) per kWh in electricity rates since September. The power rate hike could further contribute to the rising inflation that rose to 5.3 percent year-on-year in August from 4.7 percent in July. (Xinhua/Rouelle Umali)

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China's rising foreign trade in 2022 reflects economic strength despite challenges: Egyptian economist

STORY: China's rising foreign trade in 2022 reflects economic strength despite challenges: Egyptian economist DATELINE: Jan. 27, 2023 LENGTH: 00:02:00 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of China's increased foreign trade 2. various of China's development 3. SOUNDBITE 1 (Arabic): MOATASEM RASHED, Veteran economic consultant for Egyptian Federation of Investors Associations 4. SOUNDBITE 2 (Arabic): MOATASEM RASHED, Veteran economic consultant for Egyptian Federation of Investors Associations 5. SOUNDBITE 3 (Arabic): MOATASEM RASHED, Veteran economic consultant for Egyptian Federation of Investors Associations STORYLINE: An Egyptian economist has said that China's increased foreign trade in 2022 reflects the country's economic strength despite domestic and international challenges. China achieved a 7.7-percent rise in foreign trade in 2022, topping the world for the sixth year in a row. SOUNDBITE 1 (Arabic): MOATASEM RASHED, Veteran economic consultant for Egyptian Federation of Investor

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#CHINA-FOREIGN TRADE (CN)

(230113) -- LIANYUNGANG, Jan. 13, 2023 (Xinhua) -- This aerial photo shows vehicles waiting to be exported at a port in Lianyungang, east China's Jiangsu Province, Jan. 13, 2023. China's annual foreign trade value topped 40 trillion yuan (about 5.94 trillion U.S. dollars) for the first time in 2022, official data showed Friday. Total goods trade reached a record 42.07 trillion yuan, up 7.7 percent year on year, topping the world for six consecutive years, according to the General Administration of Customs (GAC). Exports rose 10.5 percent to 23.97 trillion yuan, and imports went up 4.3 percent to 18.1 trillion yuan. (Photo by Geng Yuhe/Xinhua)

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#CHINA-FOREIGN TRADE (CN)

(230113) -- LIANYUNGANG, Jan. 13, 2023 (Xinhua) -- This aerial photo shows vehicles waiting to be exported at a port in Lianyungang, east China's Jiangsu Province, Jan. 13, 2023. China's annual foreign trade value topped 40 trillion yuan (about 5.94 trillion U.S. dollars) for the first time in 2022, official data showed Friday. Total goods trade reached a record 42.07 trillion yuan, up 7.7 percent year on year, topping the world for six consecutive years, according to the General Administration of Customs (GAC). Exports rose 10.5 percent to 23.97 trillion yuan, and imports went up 4.3 percent to 18.1 trillion yuan. (Photo by Geng Yuhe/Xinhua)

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#CHINA-FOREIGN TRADE (CN)

(230113) -- LIANYUNGANG, Jan. 13, 2023 (Xinhua) -- This aerial photo shows vehicles waiting to be exported at a port in Lianyungang, east China's Jiangsu Province, Jan. 13, 2023. China's annual foreign trade value topped 40 trillion yuan (about 5.94 trillion U.S. dollars) for the first time in 2022, official data showed Friday. Total goods trade reached a record 42.07 trillion yuan, up 7.7 percent year on year, topping the world for six consecutive years, according to the General Administration of Customs (GAC). Exports rose 10.5 percent to 23.97 trillion yuan, and imports went up 4.3 percent to 18.1 trillion yuan. (Photo by Wang Chun/Xinhua)

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#CHINA-FOREIGN TRADE (CN)

(230113) -- LIANYUNGANG, Jan. 13, 2023 (Xinhua) -- This aerial photo shows vehicles waiting to be exported at a port in Lianyungang, east China's Jiangsu Province, Jan. 13, 2023. China's annual foreign trade value topped 40 trillion yuan (about 5.94 trillion U.S. dollars) for the first time in 2022, official data showed Friday. Total goods trade reached a record 42.07 trillion yuan, up 7.7 percent year on year, topping the world for six consecutive years, according to the General Administration of Customs (GAC). Exports rose 10.5 percent to 23.97 trillion yuan, and imports went up 4.3 percent to 18.1 trillion yuan. (Photo by Geng Yuhe/Xinhua)

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#CHINA-FOREIGN TRADE (CN)

(230113) -- YANTAI, Jan. 13, 2023 (Xinhua) -- This aerial photo shows a cargo ship departing from the Yantai Port in Yantai, east China's Shandong Province, Jan. 9, 2023. China's annual foreign trade value topped 40 trillion yuan (about 5.94 trillion U.S. dollars) for the first time in 2022, official data showed Friday. Total goods trade reached a record 42.07 trillion yuan, up 7.7 percent year on year, topping the world for six consecutive years, according to the General Administration of Customs (GAC). Exports rose 10.5 percent to 23.97 trillion yuan, and imports went up 4.3 percent to 18.1 trillion yuan. (Photo by Tang Ke/Xinhua)

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China's foreign trade up 7.7 pct in 2022 to new high

STORY: China's foreign trade up 7.7 pct in 2022 to new high DATELINE: Jan. 13, 2023 LENGTH: 00:01:32 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of imports and exports 2. SOUNDBITE (Chinese): LYU DALIANG, Spokesperson for General Administration of Customs (GAC) 3. various of imports and exports STORYLINE: Official data showed Friday that China's annual foreign trade value topped 40 trillion yuan (about 5.94 trillion U.S. dollars) for the first time in 2022. According to the General Administration of Customs (GAC), total goods trade reached a record 42.07 trillion yuan, up 7.7 percent year on year, topping the world for six consecutive years. SOUNDBITE (Chinese): LYU DALIANG, Spokesperson for General Administration of Customs (GAC) "In 2022, China's total goods trade reached 42.07 trillion yuan, up 7.7 percent year on year. Exports rose 10.5 percent to 23.97 trillion yuan, and imports went up 4.3 percent to 18.1 trillion yuan." The spokesperson said that China's foreign trade delivered break

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Mongolia registers record high number of livestock

STORY: Mongolia registers record high number of livestock DATELINE: Dec. 28, 2022 LENGTH: 00:01:10 LOCATION: Ulan Bator CATEGORY: OTHERS SHOTLIST: 1. various of livestock animals in Mongolia STORYLINE: Mongolia logged 71.1 million head of livestock, a record high since the nomadic country began a livestock animal census in 1918, said a senior expert of the National Statistics Office (NSO) Wednesday. A preliminary result of the annual livestock census by the NSO showed that the number of livestock in 2022 increased by 3.8 million, or 5.6 percent, from the previous year, Erdene-Ochir Myagmarkhand told a press conference. Sheep accounted for 46.0 percent of all livestock, goats 38.8 percent, cattle 7.7 percent, horses 6.8 percent and camels 0.7 percent, said Myagmarkhand. Mongolia is one of the world's last surviving nomadic countries. The promotion of livestock husbandry is seen as the most viable solution to diversify the landlocked country's mining-dependent economy. Xinhua News Agency corresp

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Toyota posts record 1st-half profits

TOKYO, Japan - Nobuyori Kodaira (C), executive vice president of Toyota Motor Corp., smiles as he is surrounded by reporters after a press conference in Tokyo's Bunkyo Ward on Nov. 5, 2014, on the automaker's earnings for the first half of fiscal 2014. Toyota posted a record group operating profit of 1.35 trillion yen for the six months to Sept. 30, up 7.7 percent from a year earlier. Net profit rose 12.6 percent to a record 1.13 trillion yen.

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Toyota posts record 1st-half profits

TOKYO, Japan - Nobuyori Kodaira, executive vice president of Toyota Motor Corp., holds a press conference in Tokyo's Bunkyo Ward on Nov. 5, 2014, on the automaker's earnings for the first half of fiscal 2014. Toyota posted a record group operating profit of 1.35 trillion yen for the six months to Sept. 30, up 7.7 percent from a year earlier. Net profit rose 12.6 percent to a record 1.13 trillion yen.

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Toyota posts record 1st-half profits

TOKYO, Japan - Nobuyori Kodaira, executive vice president of Toyota Motor Corp., holds a press conference in Tokyo's Bunkyo Ward on Nov. 5, 2014, on the automaker's earnings for the first half of fiscal 2014. Toyota posted a record group operating profit of 1.35 trillion yen for the six months to Sept. 30, up 7.7 percent from a year earlier. Net profit rose 12.6 percent to a record 1.13 trillion yen.

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China's economic growth slows

BEIJING, China - China's National Bureau of Statistics, holds a press conference in Beijing on April 16, 2014, to release the country's economic growth in the January-March quarter of 2014. China's economic growth slowed to 7.4 percent on year in the January-March quarter from 7.7 percent the previous three months.

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China's Jan.-March qtr economic growth

BEIJING, China - Sheng Laiyun, spokesman of China's National Bureau of Statistics, speaks on China's economic growth in the January-March quarter of 2014 in Beijing on April 16, 2014. China's economic growth slowed to 7.4 percent on year in the January-March quarter from 7.7 percent the previous three months, slipping below the government's gross domestic product growth target of 7.5 percent for 2014, government data showed the same day.

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China's 2013 economic growth

BEIJING, China - Photo taken in February 2013 shows a development area in Guiyang, Guizhou Province. China said Jan. 20, 2014, that the country's economy grew 7.7 percent in 2013 from the previous year, exceeding the government's target of 7.5 percent.

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China's 2013 economic growth

BEIJING, China - Ma Jiantang (L), director of the National Bureau of Statistics of China, receives questions from reporters during a press conference in Beijing on Jan. 20, 2014, after announcing China's gross domestic product data. China's economy grew 7.7 percent in 2013 from the previous year, exceeding the government's target of 7.5 percent, Ma said.

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China's 2013 economic growth

BEIJING, China - Ma Jiantang, director of the National Bureau of Statistics of China, announces China's gross domestic product data in Beijing on Jan. 20, 2014. China's economy grew 7.7 percent in 2013 from the previous year, exceeding the government's target of 7.5 percent, Ma said.

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China's 2013 economic growth

BEIJING, China - Photo shows Ma Jiantang, director of the National Bureau of Statistics of China, during a press conference in Beijing on Jan. 20, 2014, in which Ma released China's gross domestic product data. China's economy grew 7.7 percent in 2013 from the previous year, exceeding the government's target of 7.5 percent, Ma said.

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China's 2013 economic growth

BEIJING, China - Photo taken Jan. 13, 2014, shows a site where a high-rise building is being built in central Beijing, China. China said Jan. 20 that the country's economy grew 7.7 percent in 2013 from the previous year, exceeding the government's target of 7.5 percent.

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Citigroup succeeds in tender offer for Nikko

TOKYO, Japan - Shoji Kuwashima (L), president of Nikko Cordial Corp., and Douglas Peterson, chief executive officer of the Japanese branch of Citibank N.A., shake hands after their joint news conference at a hotel in Tokyo on April 27. Citigroup Inc. said it has successfully completed its tender offer for Nikko Cordial Corp., raising its stake in Japan's third-biggest brokerage to 61.1 percent from 4.9 percent in a $7.7 billion cash bid.

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New Zealand households face rising cost of living

STORY: New Zealand households face rising cost of living DATELINE: Oct. 26, 2022 LENGTH: 00:01:16 LOCATION: Wellington CATEGORY: ECONOMY SHOTLIST: 1. various of street views of Wellington 2. various of people shopping in supermarkets and malls 3. various of street views STORYLINE: The cost of living for the average household increased by 7.7 percent year on year, with increasing prices widely felt across all household groups in the September 2022 quarter, New Zealand's statistic department Stats NZ said on Wednesday. All household groups faced their highest annual cost-of-living increase since the series began in 2008, Stats NZ said. "Higher prices for housing and food were the main contributors to the increase across all the household groups," consumer prices manager Katrina Dewbery said in a statement. Each quarter, the household living-costs price indexes (HLPIs) measure how inflation affects 13 different household groups, plus an all-households group, or the average household. The consumer price in

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U.S.-WASHINGTON, D.C.-HOUSING STARTS-DECLINE

(221019) -- WASHINGTON, Oct. 19, 2022 (Xinhua) -- Photo taken on Oct. 19, 2022 shows a house for sale in Washington, D.C., the United States. New construction of U.S. homes declined in September amid cooling demand in the housing market, the U.S. Census Bureau reported Wednesday. Privately-owned housing starts in September were 8.1 percent below the revised August estimate and 7.7 percent below the September 2021 rate, the report showed. (Photo by Ting Shen/Xinhua)

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U.S.-WASHINGTON, D.C.-HOUSING STARTS-DECLINE

(221019) -- WASHINGTON, Oct. 19, 2022 (Xinhua) -- Photo taken on Oct. 19, 2022 shows a house for sale in Washington, D.C., the United States. New construction of U.S. homes declined in September amid cooling demand in the housing market, the U.S. Census Bureau reported Wednesday. Privately-owned housing starts in September were 8.1 percent below the revised August estimate and 7.7 percent below the September 2021 rate, the report showed. (Photo by Ting Shen/Xinhua)

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U.S.-WASHINGTON, D.C.-HOUSING STARTS-DECLINE

(221019) -- WASHINGTON, Oct. 19, 2022 (Xinhua) -- Photo taken on Oct. 19, 2022 shows a house for sale in Washington, D.C., the United States. New construction of U.S. homes declined in September amid cooling demand in the housing market, the U.S. Census Bureau reported Wednesday. Privately-owned housing starts in September were 8.1 percent below the revised August estimate and 7.7 percent below the September 2021 rate, the report showed. (Photo by Ting Shen/Xinhua)

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U.S.-WASHINGTON, D.C.-HOUSING STARTS-DECLINE

(221019) -- WASHINGTON, Oct. 19, 2022 (Xinhua) -- Photo taken on Oct. 19, 2022 shows a house for sale in Washington, D.C., the United States. New construction of U.S. homes declined in September amid cooling demand in the housing market, the U.S. Census Bureau reported Wednesday. Privately-owned housing starts in September were 8.1 percent below the revised August estimate and 7.7 percent below the September 2021 rate, the report showed. (Photo by Ting Shen/Xinhua)

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U.S.-WASHINGTON, D.C.-HOUSING STARTS-DECLINE

(221019) -- WASHINGTON, Oct. 19, 2022 (Xinhua) -- Photo taken on Oct. 19, 2022 shows a house for sale in Washington, D.C., the United States. New construction of U.S. homes declined in September amid cooling demand in the housing market, the U.S. Census Bureau reported Wednesday. Privately-owned housing starts in September were 8.1 percent below the revised August estimate and 7.7 percent below the September 2021 rate, the report showed. (Photo by Ting Shen/Xinhua)

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Moody's slashes India's economic growth forecast to 7.7 percent for 2022

STORY: Moody's slashes India's economic growth forecast to 7.7 percent for 2022 DATELINE: Sept. 2, 2022 LENGTH: 00:01:40 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of the market area 3. various of supermarket 4. various of fuel station STORYLINE: The U.S.-based credit rating agency Moody's on Thursday slashed India's economic growth projection for the year 2022 to 7.7 percent, from its earlier estimate of 8.8 percent. It also said that India's growth rate would further decelerate to 5.2 percent in 2023. "Our expectation that India's real GDP growth will slow from 8.3 percent in 2021 to 7.7 percent in 2022, and to decelerate further to 5.2 percent in 2023 assumes that rising interest rates, uneven distribution of monsoons, and slowing global growth will dampen economic momentum on a sequential basis," Moody's said in its Global Macro Outlook 2022-23. It added "A quicker let-up in global commodity prices would provide significant upside to growth. In addition, econ

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New Zealand's food prices increase 7.4 pct on year in July: statistics

STORY: New Zealand's food prices increase 7.4 pct on year in July: statistics DATELINE: Aug. 12, 2022 LENGTH: 0:01:05 LOCATION: Wellington CATEGORY: ECONOMY SHOTLIST: 1 various of views in Wellington 2 various of markets STORYLINE: Food prices were 7.4 percent higher in July 2022 compared with July 2021, New Zealand's statistics department Stats NZ said on Friday. In July 2022, the annual increase was due to rises across all the broad food categories measured, Stats NZ said. Compared with July 2021, grocery food prices increased by 7.5 percent; fruit and vegetable prices increased by 10 percent; and meat, poultry, and fish prices increased by 7.7 percent, statistics show. Due to the "cost-of-living crisis" reported by local media, more Kiwis are considering moving overseas. Xinhua News Agency correspondents reporting from Wellington. (XHTV)

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CANADA-MISSISSAUGA-INFLATION-RISE

(220720) -- MISSISSAUGA (CANADA), July 20, 2022 (Xinhua) -- A man fuels a vehicle at a gas station in Mississauga, Ontario, Canada, on July 20, 2022. The rate of consumer inflation continued to rise, reaching 8.1 percent year over year in June, following a 7.7 percent gain in May, Statistics Canada said on Wednesday. (Photo by Zou Zheng/Xinhua)

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CANADA-MISSISSAUGA-INFLATION-RISE

(220720) -- MISSISSAUGA (CANADA), July 20, 2022 (Xinhua) -- A customer shops at a supermarket in Mississauga, Ontario, Canada, on July 20, 2022. The rate of consumer inflation continued to rise, reaching 8.1 percent year over year in June, following a 7.7 percent gain in May, Statistics Canada said on Wednesday. (Photo by Zou Zheng/Xinhua)

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CANADA-MISSISSAUGA-INFLATION-RISE

(220720) -- MISSISSAUGA (CANADA), July 20, 2022 (Xinhua) -- Customers shop at a supermarket in Mississauga, Ontario, Canada, on July 20, 2022. The rate of consumer inflation continued to rise, reaching 8.1 percent year over year in June, following a 7.7 percent gain in May, Statistics Canada said on Wednesday. (Photo by Zou Zheng/Xinhua)

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CANADA-MISSISSAUGA-INFLATION-RISE

(220720) -- MISSISSAUGA (CANADA), July 20, 2022 (Xinhua) -- A customer shops at a farmers' market in Mississauga, Ontario, Canada, on July 20, 2022. The rate of consumer inflation continued to rise, reaching 8.1 percent year over year in June, following a 7.7 percent gain in May, Statistics Canada said on Wednesday. (Photo by Zou Zheng/Xinhua)

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CANADA-MISSISSAUGA-INFLATION-RISE

(220720) -- MISSISSAUGA (CANADA), July 20, 2022 (Xinhua) -- People fuel vehicles at a gas station in Mississauga, Ontario, Canada, on July 20, 2022. The rate of consumer inflation continued to rise, reaching 8.1 percent year over year in June, following a 7.7 percent gain in May, Statistics Canada said on Wednesday. (Photo by Zou Zheng/Xinhua)

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CANADA-MISSISSAUGA-INFLATION-RISE

(220720) -- MISSISSAUGA (CANADA), July 20, 2022 (Xinhua) -- Customers shop at a farmers' market in Mississauga, Ontario, Canada, on July 20, 2022. The rate of consumer inflation continued to rise, reaching 8.1 percent year over year in June, following a 7.7 percent gain in May, Statistics Canada said on Wednesday. (Photo by Zou Zheng/Xinhua)

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CANADA-VANCOUVER-INFLATION-RISE

(220720) -- VANCOUVER, July 20, 2022 (Xinhua) -- A customer shops at a supermarket in Vancouver, British Columbia, Canada, on July 20, 2022. The rate of consumer inflation continued to rise, reaching 8.1 percent year over year in June, following a 7.7 percent gain in May, Statistics Canada said on Wednesday. (Photo by Liang Sen/Xinhua)

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CANADA-VANCOUVER-INFLATION-RISE

(220720) -- VANCOUVER, July 20, 2022 (Xinhua) -- A man fuels a vehicle at a gas station in Vancouver, British Columbia, Canada, on July 20, 2022. The rate of consumer inflation continued to rise, reaching 8.1 percent year over year in June, following a 7.7 percent gain in May, Statistics Canada said on Wednesday. (Photo by Liang Sen/Xinhua)

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CANADA-VANCOUVER-INFLATION-RISE

(220720) -- VANCOUVER, July 20, 2022 (Xinhua) -- A man fuels a vehicle at a gas station in Vancouver, British Columbia, Canada, on July 20, 2022. The rate of consumer inflation continued to rise, reaching 8.1 percent year over year in June, following a 7.7 percent gain in May, Statistics Canada said on Wednesday. (Photo by Liang Sen/Xinhua)

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CANADA-VANCOUVER-INFLATION-RISE

(220720) -- VANCOUVER, July 20, 2022 (Xinhua) -- Customers shop at a supermarket in Vancouver, British Columbia, Canada, on July 20, 2022. The rate of consumer inflation continued to rise, reaching 8.1 percent year over year in June, following a 7.7 percent gain in May, Statistics Canada said on Wednesday. (Photo by Liang Sen/Xinhua)

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CANADA-VANCOUVER-INFLATION-RISE

(220720) -- VANCOUVER, July 20, 2022 (Xinhua) -- A price board shows gas prices at a gas station in Vancouver, British Columbia, Canada, on July 20, 2022. The rate of consumer inflation continued to rise, reaching 8.1 percent year over year in June, following a 7.7 percent gain in May, Statistics Canada said on Wednesday. (Photo by Liang Sen/Xinhua)

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CANADA-TORONTO-INFLATION-RISING

(220622) -- TORONTO, June 22, 2022 (Xinhua) -- People walk past a gas station in Toronto, Canada, on June 22, 2022. Canadians continued to feel the impact of rising prices in May as consumer inflation rose to 7.7 percent year over year, Statistics Canada said on Wednesday. (Photo by Zou Zheng/Xinhua)

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CANADA-TORONTO-INFLATION-RISING

(220622) -- TORONTO, June 22, 2022 (Xinhua) -- Customers shop at a farmers' market in Toronto, Canada, on June 22, 2022. Canadians continued to feel the impact of rising prices in May as consumer inflation rose to 7.7 percent year over year, Statistics Canada said on Wednesday. (Photo by Zou Zheng/Xinhua)

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CANADA-TORONTO-INFLATION-RISING

(220622) -- TORONTO, June 22, 2022 (Xinhua) -- Vehicles are seen to be fueled at a gas station in Toronto, Canada, on June 22, 2022. Canadians continued to feel the impact of rising prices in May as consumer inflation rose to 7.7 percent year over year, Statistics Canada said on Wednesday. (Photo by Zou Zheng/Xinhua)

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CANADA-TORONTO-INFLATION-RISING

(220622) -- TORONTO, June 22, 2022 (Xinhua) -- A customer shops at a farmers' market in Toronto, Canada, on June 22, 2022. Canadians continued to feel the impact of rising prices in May as consumer inflation rose to 7.7 percent year over year, Statistics Canada said on Wednesday. (Photo by Zou Zheng/Xinhua)

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CANADA-TORONTO-INFLATION-RISING

(220622) -- TORONTO, June 22, 2022 (Xinhua) -- Customers shop at a market in Toronto, Canada, on June 22, 2022. Canadians continued to feel the impact of rising prices in May as consumer inflation rose to 7.7 percent year over year, Statistics Canada said on Wednesday. (Photo by Zou Zheng/Xinhua)