Do you remember when Covid led to empty shelves, panic buying of toilet paper and then when it all ended – a surge in inflation? It was only 3 years ago, though it feels longer. However, US stores could soon see looming shortages as 145% tariffs on China caused a sharp drop in US imports …
This is a graph showing US inflation in the post-war period. In a nutshell, US inflation has been fairly low and stable in the post-war period. The exception being in the 1970s and early 1980s when inflation became embedded. After the Second World War there was lingering inflation for a few reasons. Firstly, the war …
Inflation is a situation of rising prices in the economy. A more exact definition of inflation is a sustained increase in the general price level in an economy. Inflation means an increase in the cost of living as the price of goods and services rise. The rate of inflation measures the annual percentage change in …
In the past few months, inflation in the UK has halved from 10 to 4.7%. In the US it has fallen to 3% but ask an average shopper and they may express scepticism, the cost of living seems to be rising much faster. In 2021 Jordan Peterson tweeted that he believes inflation was 15% rather …
Earlier in the year the UK had record-breaking inflation with both headline and core inflation remaining well above the government’s target and being worse than forecast. As bad news on inflation kept coming the Bank of England increased interest rates 14 times. Finally, in a narrow vote, the Bank paused to halt rate rises. Is …
As elections loom, the Turkish economy is facing a self-inflicted economic crisis of high inflation, and a cost of living crisis that dwarfs what we see elsewhere in Europe. Turkey's Self-Inflicted Economic CrisisWatch this video on YouTube In recent years, Turkey has seen inflation rate surge to over 80% – leaving over 53% of people …
Greed Inflation is a term used to describe a higher inflation rate due to firms increasing their profit margins. In a period of high inflation, it becomes easier for firms to slip in rising profit margins too. Greed inflation is more likely in markets where firms have a degree of monopoly power and they can …
After inflation has reached the highest levels for decades it is set to fall dramatically over the next few months. I’ll explain why this is, why we will not notice much difference and look at whether economists may be proved wrong yet again on inflation. Recently UK government has announced it plans to cut inflation …