See how US inflation rates have changed since 2020
May 31, 2023 · In April 2023, prices had increased by 4.9 percent compared to April 2022 according to the 12-month percentage change in the consumer price index - the monthly inflation rate for goods and services in the United States. The data represents U.S. city averages. In economics, the inflation rate is a measure of the change in price level over time.
Indian inflation and other economics news to read this week
Aug 18, 2023 · Nigeria's inflation rate has risen to an 18-year high as a result of rising transport and food costs, with a year-on-year increase of 24.1% in July. Danish GDP grew by 0.2% in the second quarter, according to new data from Statistics Denmark.
These countries have been the hardest hit by food price inflation
Feb 21, 2023 · Zimbabwe has seen extreme year-on-year food price inflation reaching 285%, the hardest-hit of any nation, while in Venezuela the figure is 158%, falling to 143% in Lebanon. Fourth-highest Argentina recorded the highest double-digit food inflation at 95%, compared to tenth-highest Haiti with year-on-year price increases of 53%.
Why is inflation so low in Japan? - The World Economic Forum
Oct 6, 2022 · Its inflation rate stood at that level in August, putting it far below readings among its fellow G7 members. The United States had inflation of 8.3% in the same month, Canada 7%, France 5.9%, Germany 7.9%, Italy 8.4% and the United Kingdom 9.9%, according to data site Trading Economics
'Skill inflation': What is it and how to avoid its pitfalls | World ...
Aug 4, 2023 · Inflation can hit our economy through multiple avenues, including “skill inflation,” which acknowledges that more people are now skilled than ever to do the jobs in current labour markets. Calculating the talent inflation rate and reviewing the World Economic Forum’s Future of Jobs Report 2023 can provide a snapshot of the trajectory of work.
Chief Economist's Outlook at Davos 2023 puts inflation in the …
Jan 16, 2023 · Fiscal and monetary [policy] should work together to assure that inflation will not last much longer and to prevent that dramatic action from being required later, as happened in the 1980s. The cost of postponing the fight against inflation could be significant. Throughout this path of correction, a global recession seems inevitable by 2023.
5 charts on the future of global trade | World Economic Forum
Oct 12, 2023 · This, in turn, has led to faster growth in imports than elsewhere in the first half of 2023, with Europe, Asia, and North and South America all registering declines in comparison, the WTO says. The second half of the year is expected to see a return to growth for import volumes in Asia and North America, with less strong performance in Europe.
The latest on the world economy, according to the OECD
Jun 9, 2023 · The headline inflation rate across OECD nations is also projected to continue its decline, from 9.4% in 2022 to 6.6% in 2023 and 4.3% in 2024. This is driven by the effects of tighter monetary policies feeding through as well as falling energy prices.
Finance and the economy: Our 5 top stories from 2023
Dec 15, 2023 · Central banks around the world have increased interest rates across 2022 and 2023 to try and tackle inflation, while attempting to balance this with a need to maintain growth. Our weekly news round-ups have covered these rate rises, and how inflation has changed in economies around the world.
What are the most major economic impacts of higher interest …
May 2, 2023 · Of the chief economists surveyed in the report, 82% said they expect the pace of interest-rate raises to slow over the remainder of 2023. Nonetheless, the report notes that “even if there is a dovish shift in the stance of the world’s central banks, the prospects of a full-scale shift to monetary loosening are remote.”