World

Manufacturing contracts for third straight month

The Institute for Supply Management (ISM) said that its Manufacturing Purchasing Managers’ Index (PMI) reached of 47.7 last month after reaching 47.4 in January, notching the third straight month of contraction.

UK grocery price inflation hits record 17.1%

UK consumers cost of buying food has soared 17.1%. Products with fastest growing prices include milk, eggs, and butter as the United Kingdom faces a cost-of-living crisis.