All Posts Tagged With: "Inflation Rate"
What Has Really Changed?
What has really changed?…importing inflation…hoping to prove Friedman wrong…Can the U.S. central bank really begin fighting inflation in a serious way? Ah, dear reader - there’s a cruel twist to this story…The cure for high prices is high prices…and so the global economy lurches forward…and more!
Weak Consumer Spending, Record-Low Consumer Confidence Spell Bad News for the U.S. Economy
Consumer spending - the driving force behind the U.S. economy - slowed in April. Soaring prices wiped out any benefit from the scant 0.2% increase in consumer spending in April, the Commerce Department announced.
What are Foreign Reserves for?… The Central Bank of Argentina shows Us.
‘Argentina’s foreign reserves…this is one of the main subjects of concern here in these times of uncertainty and political unrest,’ says Paola Pecora.
India and Other Emerging Economies Continue to Struggle With Inflation
India’s wholesale price index rose 7.82% for in the week ended May 10, the Ministry of Commerce and Industry reported. It marked the 13th straight week that the inflation rate has been above the central bank’s 5.5% target, highlighting the increased pressures many developing nations are under given soaring commodities prices.
Biggest Jump in Core US Inflation Rate in 17 Years
The core US inflation rate or Producer Price Index (PPI) — a measure of the prices of goods excluding food and energy — rose 0.4% in April, double the increase forecast by economists.
This puts the core US inflation rate up 3% in the past year, the biggest year-over-year rise since late 1991.
The PPI figures are unlikely to affect the markets which, according to a report by MarketWatch, “don’t seem to trust the government’s inflation figures that show falling energy prices in a world of record crude oil prices.”
Sell in May? Hold on…
Is this the year gold breaks from its seasonal pattern and enjoys a summertime rally?
Inflation in Venezuela… Friendship is Not the Only Thing that Brings Cristina and Chavez Together
“Venezuela, one of Latin America’s most populist countries has a very high inflation rate, control on market prices and shortages. This seems to be a constant practice for countries with this type of regime, and even more so in this region where governments define this practice as “redistribution of wealth”. It seems like the only thing that they distribute is inflation,” says Paola Pecora.
No Inflation If You Don’t Eat or Drive
Inflation, if you believe what the government tells you, ran at 3.9% in the 12 months ending this April, but was it more like 5% or even 10%?
According to CNN “part of the disconnect may be due to the fact that nondurable goods, such as food and gasoline, makes up only 12% of the Consumer Price Index (CPI), the main measure of inflation.
China’s Foreign Currency Reserves Spawn Major Inflationary Fears
China’s foreign currency reserves soared to a world-leading $1.68 trillion at the end of March, and that has the government scrambling for ways to keep the torrents of incoming money from stoking an inflation rate that’s already at its highest in more than a decade.
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