British inflation leapt to a 41 year high of 11.1% last month, driven by the rapidly increasing cost of energy. The increase was revealed by the Office of National Statistics, which showed inflation rose from […]
British inflation has accelerated to the highest level for 41 years, driven by soaring energy, food and transport prices in a worsening cost-of-living crisis, according to official data. The Consumer Prices Index hit 11.1 percent […]
Concern among Americans over inflation grew in October, due to fears of a sudden surge in gasoline prices, according to a Federal Reserve survey released on Monday. The New York Fed’s monthly Survey of Consumer […]
On Tuesday, Atlanta Federal Reserve President Raphael Bostic said he sees little evidence inflation is responding to the actions of the Federal Reserve thus far, and he believes borrowing costs will have to rise before […]
Brits have watched double-digit inflation wipe out any wage gains in one of the worst cost-of-living crises in a generation. Many have gone into debt, paying for things such as food, energy, and shelter. Others […]
Authored by Connor O’Keeffe via The Mises Institute, It’s been a rough year for advocates of Modern Monetary Theory (MMT). After nearly two years with all the budget deficits and money printing MMTers could have […]
NewsBusiness and Economy Greek workers have begun a 24-hour nationwide strike demanding higher wages to match surging inflation, disrupting ground transport, flights and ferry services. High energy prices and soaring living costs have triggered strikes […]
Authored by Darlo Perkins via TS Lombard blog, There is beautiful irony in macroeconomics, a sort of inherent Minsky dynamic, or universal Goodhart law, that means that just when everyone thinks something is definitively true, […]
Authored by David Stockman via InternationalMan.com, In the spring of 1980, Paul Volcker did engineer a mini-recession but it didn’t put a dent in the inflation momentum. As shown below by the purple line, real […]
New figures released by the British Retail Consortium-Nielsen Shop Price Index on Wednesday showed that in October, food inflation in the UK soared to a record 11.6%, with even basics like milk, tea, and sugar […]
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