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This TikToker went on a spectacular tirade over the crazy cost of car insurance, rent and groceries — how to calm your spending as inflation bites Bethan Moorcraft January 23, 2024 at 7:00 AM
The CPI Indexfor October reflected a 7.7% increase over last year and 0.4% increase over the prior month. Excluding food and energy prices, the CPI rose 6.3% over the past 12 months.
Everybody has a personal inflation gauge. And it’s not the official inflation rate. This is one reason gasoline prices are so important, even though gas only accounts for about 3% of the typical ...
For the year starting November 1943, the inflation rate was 2.5 × 10 10 %, the circulation was 6.28 × 10 18 drachmae and one gold sovereign cost 43,167 billion drachmas. The hyperinflation started subsiding immediately after the departure of the German occupation forces, but inflation rates took several years to fall below 50%.
In Argentina, a country with a chronic inflation problem, the interest rate was hiked to 69.5% in August, as inflation has further deteriorated hitting a 20-year high at 70%, and is forecasted to top 90% by the end of the year. [197] Inflation hit past 100% in February 2023 for the first time since 1991.
As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery.
Arghhhh! Inflation is really bad right now. The annualized inflation rate jumped from 8.6% in May to 9.1% in June, the highest level since 1981.Everybody who drives a car knows skyrocketing ...
Because of the dangers of inflationary bias, several measures have been suggested to prevent it. Kenneth Rogoff proposed that states should have conservative central bankers, [2] whilst others have suggested that states should create inflationary goals, and if this inflation rate is exceeded, there should be some form of punishment for the central banker.