Global food prices will continue to increase even though inflation in many countries is waning, analysts are predicting.
Tag: inflation
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INFLATION SLOWS AND GROWTH SLOWLY RISES IN THE EUROZONE
In July, inflation across the 20 countries sharing the euro currency edged down to 5.3 percent from 5.5 percent in June, reaching its slowest pace since January 2022, and the area’s GDP expanded by 0.3 percent in the second quarter.
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INFLATION IS FALLING BUT MAJOR BRANDS KEEP RAISING PRICES
Coca-Cola, Pepsico, and Unilever are among many familiar brands that have raised prices sharply this year while posting comfortable profits, according to a Wall Street Journal report.
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WAGE INCREASES SURPASSED INFLATION IN SECOND QUARTER: BIG DEAL?
In this year’s second quarter, U.S. workers got an actual raise... so says the U.S. government.
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ARE YOU READY? CENTRAL BANKS WILL VASTLY INFLATE FROM HERE
Being that not a single developed nation on Earth is going to implement any real cuts to spending, you can count on one thing happening, much higher global debt.
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EUROZONE INFLATION FALLS
Inflation across the 20 countries sharing the euro currency fell to 5.5 percent in June from 6.1 percent in May, beating economists’ forecast of 5.6 percent in a Reuters poll.
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CENTRAL BANKS: NOW THE HARD PART BEGINS
Overall inflation has been falling in most countries in recent months as central banks have used higher interest rates to rein it back.
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CENTRAL BANKS’ INFLATION BUNGLE HAS COST THEM CREDIBILITY
Last week, the Bank of England Museum hosted a “Festival of Mistakes,” highlighting notable financial blunders and panics of the past.
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SPOTLIGHT: INFLATION
Last month, overall U.S. inflation came in at 4.9 percent. While it is the slowest since April 2021, it is still above the 2 percent Fed target rate. Inflation clocked in at 5 percent in March.
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ECONOMIC UPDATE – MARKET OVERVIEW
It’s a global economic freak show. Add up the numbers. Take a trip to Argentina. With inflation running at over 100 percent and its peso down 23 percent against the U.S. dollar, Argentina’s central banksters raised its key interest rate yesterday by six percentage points to 97 percent.