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OTTAWA (Reuters) -Canada's annual inflation rate unexpectedly dropped by a tick to 1.9% in November, driven by a broad-based slowdown in prices, while the consumer price index was unchanged on a ...
The debate over inflation continues as politicians point fingers, but economists say there are many reasons why prices are sky high. Natasha S. Alford breaks it down on this episode of “That’s ...
This disparity underscores why inflation remains a deeply unpopular issue for Americans. Elevated inflation and borrowing costs squeeze household budgets, disproportionately impacting Main Street.
The COVID-19 pandemic had a deep impact on the Canadian economy, leading it into a recession. The government's social distancing rules had the effect of limiting economic activity in the country. Companies started mass layoffs of workers, and Canada's unemployment rate was 13.5 percent in May 2020, the highest it has been since 1976. [1]
The firm detailed five reasons why inflation risks must still be monitored: First, initial interest-rate cuts have been more broader and deeper than expected on a global basis.
Inflation -- at 3% in June and down from 3.3% in May, according to the latest Consumer Price Index (CPI) data, released July 11 -- remains a hot-button issue for both voters and presidential...
The effect of sanctions on the Russian economy caused annual inflation in Russia to rise to 17.89%, its highest since 2002. [119] Weekly inflation hit a high of 0.99% in the week of April 8, bringing YTD inflation in Russia to 10.83%, compared to 2.72% in the same period of 2021. [119]
The Federal Reserve is expected to cut interest rates for a 3rd straight meeting despite a recent inflation pick-up and solid economy and job market. Why the Fed is likely to cut interest rates ...