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Inflation can lead to massive demonstrations and revolutions. For example, inflation and in particular food inflation is considered one of the main reasons that caused the 2010–2011 Tunisian revolution [112] and the 2011 Egyptian revolution, [113] according to many observers including Robert Zoellick, [114] president of the World Bank.
There are different types of inflation that could affect your long-term savings and investments. One such type is called cost-push inflation, which happens when prices go up because production ...
Inflation has been one of the bugaboos of the post-pandemic era, increasing from 2.3% in December 2019, as measured by the Consumer Price Index, to 9.8% at its peak in June 2022, driving up prices ...
The national consumer price index rose 6.2 percent from October 2020 to October 2021. That's the largest 12-month increase since 1990, according to the Bureau of Labor Statistics.
Cost-push inflation can also result from a rise in expected inflation, which in turn the workers will demand higher wages, thus causing inflation. [2] One example of cost-push inflation is the oil crisis of the 1970s, which some economists see as a major cause of the inflation experienced in the Western world in that decade.
For example, the fall of the price for oil in 2000 provoked galloping inflation in a number of petroleum-based economies. Stagnation of the national economy. The stagnating economies may experience a budget deficit and, therefore, a sharp increase in the external debt—that becomes very hard to service and devalues the local currency.
– Examples where inflation has eased, ranked by the size of the change: Passenger travel by air: August up 11.9%, September down 5.0% Olive oil: Aug up 40.8%, Sep up 33.0%
Energy price inflation peaked at an astonishing 41.6% just two months prior in June 2022. Energy prices also declined annually by double digits twice over the past five years. ... Due to climbing ...