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On January 5, 2023, the Philippines rapidly increased to a record-breaking 8.1% inflation from December 2022. [226] [227] In October 2022, the Japanese yen touched a 32-year low against the U.S. dollar, mainly because of the strength of the latter. [228] [229] In November, the Japanese core inflation rate reached a 41-year high of 3.7%. [230]
In simple math, that means a $4 carton of eggs in 2021 would now cost $4.48 — or, more dramatically, a weekly $200 grocery bill in 2021 would be $224 in 2022. That’s a cost increase of $96 per ...
However, from December 1982 through December 2011, the all-items CPI-E rose at an annual average rate of 3.1 percent, compared with increases of 2.9 percent for both the CPI-U and CPI-W. [28] This suggests that the elderly have been losing purchasing power at the rate of roughly 0.2 (=3.1–2.9) percentage points per year.
The group’s latest COLA estimate is well below earlier estimates this year — estimates that projected a Social Security increase as high as 10.5% in 2023. However, even an increase of 8.7% ...
The most recent consumer price index (CPI) report puts inflation at 4.98%, a welcome decline from the absolutely crazy highs seen in 2022, but still well above the 3.28% long-term historical average.
A consumer price index (CPI) is a price index, the price of a weighted average market basket of consumer goods and services purchased by households. Changes in measured CPI track changes in prices over time. [1] The CPI is calculated by using a representative basket of goods and services. The basket is updated periodically to reflect changes in ...
The Consumer Price Index (CPI) rose 3.2% in July over the prior year, a slight acceleration from June's 3% annual increase. Prices were up 0.2% in July from the previous month, in line with June's ...
Argentina's 2023 annual inflation was the highest in the world at 211.4%. Chile had low inflation for several years thanks to the monetary policy of its autonomous central bank. However, in 2022 there was a record intranual inflation of 14.1%, the highest in the last 30 years.