The UK’s inflation in July reached 10.1 percent, hitting another 40-year high, official figures show. According to data published on Wednesday by the Office for National Statistics (ONS), Consumer Prices Index (CPI) in July jumped by 10.1 percent year-on-year, up from 9.4 percent in June. The measure had been expected to reach 9.8 percent, according…
Next Wave of Stimulus Checks Coming, Even With Inflation Nearing 40-Year High
Multiple states will soon be sending out stimulus checks and other financial relief, a decision that some believe will make the 40-year-high inflation even worse. In California, individuals will get up to $1,050 between October 2022 and January 2023 as inflation relief checks based on their tax filing status and income. The Colorado Cash Back…
Individual lessons on Handling Inflation
The United States has gone through several inflationary periods. Two memorable ones occurred around WWI and WWII. But today, most people remember the 1970s and early 1980s when inflation was out of control. Unfortunately, in 2022, inflation is again climbing with no end in sight. Currently, inflation sits at 9.1 percent. And people are scrambling…
Inflation Squeeze Forces 45 Percent of Americans to Cut Spending on Groceries: Poll
According to a recent Suffolk University/USA TODAY survey, 45.3 percent of Americans have had to cut back their spending on groceries, and 59.4 percent said they are eating out less often as a result of inflation. The survey of 1,000 registered voters has a margin of error of plus or minus 3.1 percentage points. Another 48 percent of…
UK Inflation Jumps to 9.4 Percent as Food and Fuel Prices Soar
July 20, 2022
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Andrew BaileyBank of EnglandBusiness & Marketsconsumer price index (CPI)economyinflationNadhim Zahawi.recessionUKWorld
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Soaring food and fuel prices have pushed the UK’s inflation to 9.4 percent in June, the highest in 40 years, official data have revealed. The inflation rate, as measured by the Consumer Prices Index (CPI), was up from 9.1 percent in May and exceeded the 9.3 percent expected by most economists. According to new data…
More Bad News on Inflation
July 15, 2022
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Business & MarketsBusiness Columnistsconsumer price index (CPI)inflationOpinionthe U.S.Thinking About ChinaViewpoints
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Commentary Each bit of inflation news discredits Washington’s excuses. America recently received still more bad inflation news. The Labor Department reported that its benchmark consumer price index (CPI) rose 1.3 percent in June and stood 9.1 percent above year-ago levels. This news makes any administration excuses for these price pressures even less convincing than they…
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