Tag: inflation
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What is the UK inflation rate 2023?
The UK inflation rate tumbled once again in July 2023, the latest Consumer Prices Index (CPI) from the Office for National Statistics (ONS) has shown. The annual rate of price rises slowed 1.1 percentage points from 7.9% to 6.8%, with most of the drop down to a fall in gas and electricity prices. Energy bills…
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Robert Kiyosaki says that hot inflation will ‘wipe out 50% of the US population’ — here’s what he means
With price levels continuing to spike, the Fed is no longer using the word ‘transitory’ to describe inflation. U.S. consumer prices jumped 8.6% in May from a year ago, marking the fastest increase since December 1981. That could give the Fed more reason to continue raising interest rates — something that’s already casting a giant…
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Inflation fears persist as US interest rate rises
Traders appeared spooked by a new UN report that suggested food prices have risen at their fastest level in 60 years and look set to keep soaring due to the war in Ukraine restricting food supplies. The country is a major producer of sunflower oil, which is pushing up the price of alternatives globally, along with being…