Commentary When the western advanced economies are losing control of inflation, China is praising herself as a global stabiliser with inflation staying as low as near two percent. True, China is one of the very few countries that can achieve the usual two percent inflation target at the moment. Nevertheless, we should question why this…
UK Inflation Reaches 9.1 Percent, Highest for 40 Years
The inflation rate in the UK rose to 9.1 percent in May, remaining at 40-year highs and deepening the squeeze on households, latest data show. According to the Office for National Statistics (ONS), the rate of consumer prices index inflation rose from 9 percent in April to 9.1 percent in May—the highest since early 1982—largely…
US Annual Inflation Rate Dips to 8.3 Percent, Higher Than Expectations
The U.S. annual inflation rate slipped to 8.3 percent, higher than the market forecast of 8.1 percent. This is the first time the consumer price index (CPI) has fallen year-over-year since August 2021. According to data from the Bureau of Labor Statistics (BLS), the core inflation rate, which excludes the volatile food and energy sectors,…
US Annual Inflation Rate Dips to 8.3 Percent, Remains Near 40-Year High
The U.S. annual inflation rate slipped to 8.3 percent, higher than the market forecast of 8.1 percent. This is the first time the consumer price index (CPI) has fallen year-over-year since August 2021. While inflation has slowed from its March peak of 8.5 percent, it remains near 40-year high levels. According to data from the…
Annual Inflation Rate Slows to 8.3 Percent But Remains Near 40-Year High
The U.S. annual inflation rate slipped to 8.3 percent, higher than the market forecast of 8.1 percent. This is the first time the consumer price index (CPI) has fallen year-over-year since August 2021. While inflation has slowed from its March peak of 8.5 percent, it remains near 40-year high levels. According to data from the…
Inflation Rate Slows to 8.3 Percent but Remains Near 40-year High
The U.S. annual inflation rate slipped to 8.3 percent in April, higher than the market forecast of 8.1 percent. This is the first time the consumer price index (CPI) has fallen year-over-year since August 2021. While inflation has slowed from its March peak of 8.5 percent, it remains near 40-year high levels. According to data…
Inflation Rate Slows to 8.3 Percent, Remains Near 40-Year High
The U.S. annual inflation rate slowed marginally to 8.3 percent in April, higher than the market forecast of 8.1 percent. This is the first time the consumer price index (CPI) has fallen year-over-year since August 2021. While inflation has declined from its March peak of 8.5 percent, it remains near a 40-year high. According to…
As Elon Musk Questions Inflation Numbers, Economists Say CPI Understates Inflationary Environment
During Tesla’s first-quarter 2022 earnings call on Wednesday, Billionaire Elon Musk noted that “the official numbers actually understate the true magnitude of inflation,” citing some suppliers raising costs by as much as 30 percent for parts. In December, the billionaire founder of Pershing Square Capital, Bill Ackman posted in a tweet that official statistics understated raging inflation…
War Is Fuelling Inflation in a Rare Economic Period, Says Statistics Canada Official
Inflation in Canada was already at the highest in over 30 years in January, but Russia’s February invasion of Ukraine is now putting additional pressure on prices, Statistics Canada told a House committee on Friday. “Looking ahead, the CPI [consumer price index] is likely to remain elevated. Fears surrounding the global oil supplies sent oil…
War Is Fuelling Inflation in Rare Economic Period, Says StatCan Official
Inflation in Canada was already at the highest in over 30 years in January, but Russia’s invasion of Ukraine is now putting additional pressure on prices, a Statistics Canada official told a House committee on Friday. “Looking ahead, the CPI [consumer price index] is likely to remain elevated. Fears surrounding the global oil supplies sent…
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