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The result is a system in which prices are opaque, meaning that real price signals—information about supply, demand, scalability, flexibility, and so forth—are almost entirely absent.
The cost of low inflation would have been unemployment rates of 14% over the past two years, columnist Michael Hicks writes. Hicks: Everyone hates high inflation. High unemployment would be worse.
To be sure, headline inflation has come down over the past year. In October, the U.S. consumer price index saw an annual increase of 3.2%, down from its peak 9.1% increase in June 2022.
“We took our French bread back to $1, which had been $1 for a long time and went up as inflation hit the market,” Walmart U.S. CEO John Furner told investors Tuesday. The price had jumped to ...
Inflation expectations also are on the rise, with the closely watched University of Michigan consumer sentiment survey showing one- and five-year inflation expectations respectively at annual ...
“Inflation is slowing, and doing so across a broader range of goods and services,” said Julia Pollak, ZipRecruiter’s chief economist. ‘Don’t be fooled’ by the uptick in inflation ...
Inflation fell from 10.3% in 1981 to 3.2% in 1983. [ 28 ] [ 61 ] Corporate income rose by 29% in the July–September quarter of 1983, compared with the same period in 1982. Some of the most dramatic improvements came in industries that were the hardest hit by the recession, such as paper and forest products, rubber, airlines, and the auto ...
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 ...