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The overall inflation rate dropped from 9% in June 2022 to 2.4% this past September. That’s almost normal. But it has since ticked back up, to 2.7%, prompting concerns about “reflation.” And ...
Here are three insights in particular that have helped me understand inflation better: Everybody has a personal inflation gauge. And it’s not the official inflation rate. This is one reason ...
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 ...
When an inflationary surprise occurs, workers are fooled into accepting lower pay because they do not see the fall in real wages right away. Firms hire them because they see the inflation as allowing higher profits for given nominal wages. This is a movement along the Phillips curve as with change A. Eventually, workers discover that real wages ...
This has happened almost five times since 2012, meaning that the currency is worth, as of November 2020, almost 1 billion times less than in August 2012. Venezuela's hyperinflation began in November 2016. [71] Inflation of Venezuela's bolivar fuerte (VEF) in 2014 reached 69% [72] and was the highest in the world.
Inflation distorts the structure of production, wastes capital, and eventually leads to economic disaster. [3] Once inflation sets in, it is challenging to control the value of money. Hazlitt points out that each generation and country follows the same illusion, believing that inflation will save them from economic stagnation and bring full ...
According to updated economic forecasts from the Fed's Summary of Economic Projections (SEP), the central bank sees core inflation hitting 2.5% next year, higher than its previous projection of 2. ...
In the video, Claflin embarks on a comparative analysis of living costs between the present day and 1950, emphasizing with the caption “Inflation is WAY worse than everyone thinks.” Here's ...