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Primarily driven by supply chain bottlenecks, inflation is a threat to the health of the economy, but the rise in prices has been good for some.
A major cause of inflation in 2022 was the supply chain issues caused by the COVID-19 pandemic -- as goods became scarce, prices went up in response to continued demand.
December inflation data has put the economy in the "Goldilocks" zone, Bank of America said Thursday. Headline inflation accelerated as expected in December, while core inflation, which strips out ...
The report shows that core inflation “is on the downslope,” said Mike Skordeles, head of U.S. economics at Truist, a bank. “If the trends continue, the Fed might still end up cutting at some ...
Just as COVID-19 circled the globe without a passport, the inflation surge that followed didn’t recognize international borders either. The U.S. was just one of many countries where prices rose ...
Inflation in New Zealand exceeded forecasts in July 2022, reaching 7.3%, which is the highest since 1990. [233] Economists at ANZ reportedly said they expected faster interest rate increases to counteract inflationary pressures. [234] In Fiji, inflation rose to 4.7% in April 2022 compared to –2.4% in 2021. [235]
One of three factors typically cause hyperinflation: The federal government prints money to the extent that it devalues the currency. ... Based on the U.S. inflation rates right now, the U.S. is ...
America’s inflation continued to slow in September, reaching a fresh three-and-a-half-year low and coming in at a pace that’s similar to what was seen in 2017 and 2018, according to data ...