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Overall inflation has been 13.6% during the last two years. The cost of housing, which takes the biggest chunk of the family budget, is up 14.4%. Energy is up 23.7%, transportation is up 20.2% and ...
Compared to previous estimates, central bankers forecast inflation ending this year higher than expected and lingering at a higher rate next year. Blame COVID. Or the economic gyrations that ...
There is a consensus among economists that Chilean inflation is mainly caused by endogenous factors, especially the aggressive expansionary policies during the COVID-19 pandemic and the massive withdrawals from pension funds. Economists have also predicted a possible recession by 2023 due to high interest rates to combat inflation. [200] [201]
For the 12 months ending in January, inflation amounted to 7.5% — the fastest year-over-year pace since 1982 — the Labor Department said Thursday. Consumers felt the price squeeze in everyday ...
The inflation of the 1970s and early 1980s peaked at 14.8% in March 1980 before the Fed exorcized high prices with aggressive rate hikes that caused brutal back-to-back recessions in 1980 and 1981 ...
Plus, drivers went faster during COVID and are still speeding, making accidents worse and more expensive. The other big driver of services inflation (and overall inflation) is rent, up 5.7% year ...
Inflation heated back up again in November, but it likely wasn’t bad enough to keep the Federal Reserve from cutting rates next week. Consumer prices were up 2.7% for the 12 months ended in ...
Troublesomely high inflation rates may have an overlooked metric at their source: soaring insurance costs. But don't take our word for it, just listen to Federal Reserve Chair Jerome Powell.