- Ghana's annual inflation resumed its upswing in August as elevated oil prices linked to the war in Iran fed into costs.
- Commodities rose 6.2% in August and 47.6% year to date, led by gold's 9.9% gain and crude oil's 3.5% increase.
- Ryanair cut its FY27 passenger target to 214 million from 216 million to reduce exposure to unhedged winter oil, warning that sustained high prices would lift European airfares and pressure weaker airlines.
Quotes
“Ghana’s annual inflation rate resumed its upswing in August as elevated oil prices due to the war in Iran seeped into costs.”
“Just as in July, it was commodities. As a class, they rose 6.2% in August, and they're up a whopping 47.6% year to date.”
“Ryanair has warned that air fares in Europe will jump next year if the oil price remains high and that some airlines could go bust.”