What is inflation and how does it affect consumers?
Nov 2, 2022 · Inflation is the term used to describe the rate at which prices increase. It’s in the headlines because it has been rising at the fastest pace for several years across many countries. Inflation in the US was more than 8% in September and 10.1% in the UK. That compares with the roughly 2% most policymakers accept is a stable rate.
Inflation: Why is it rising across the world and will it stay that way ...
May 12, 2022 · Inflation is on the increase around the world, with food and energy prices hitting record highs. The rise has been driven in large part by pent-up consumer demand after the pandemic and the Russian invasion of Ukraine. UBS Chief Economist Paul Donovan explains why inflation is high and when we can expect that to ease.
What is inflation, and should we worry? An economist explains
Feb 17, 2022 · Inflation is a concern. Hyperinflation is a disaster. A high-denomination banknote from the late 2000s. Image: Robin Pomeroy
A world of worry, topped by inflation - The World Economic Forum
Oct 21, 2022 · Inflation is the number one concern for people globally, according to a new Ipsos survey. Concerns over rising prices have persisted for more than a year. Poverty, inequality, corruption and climate change are also major concerns. And a majority believe their country is heading in the wrong direction, Ipsos finds.
US inflation: How much have prices increased? - The World …
Jan 4, 2023 · In an effort to counter inflation pressures, the U.S. Federal Reserve has been raising interest rates to make borrowing more difficult in order to push down demand. Heading into 2023, many feel that a recession is on the way, and a lot of households will have to continue borrowing at higher rates to keep up with basic goods purchases.
How is inflation affected by globalisation? | World Economic Forum
Aug 29, 2015 · The World Economic Forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas. Incorporated as a not-for-profit foundation in 1971, and headquartered in Geneva, Switzerland, the Forum is tied to no political, partisan or national interests.
Chief Economist's Outlook at Davos 2023 puts inflation in the …
Jan 16, 2023 · Inflation soared in 2022, but the latest World Economic Forum Chief Economists' Outlook shows inflationary pressures beginning to ease. Tackling inflation can cause other economic pressures, which have been known to lead to recession. Three chief economists assess whether inflation can be dealt with without causing a recession.
Inflation? Stagnation? What's next for the global economy?
Jun 9, 2022 · So the main problem, at least in the short run, is inflation, without any doubt. And inflation in the euro area is not only higher, even it's slightly less higher than in the U.S., 7.4%. But it's also broader, and this is probably the main issue. Core inflation is 3.4%. And this is why we have to normalise monetary policy without any doubt.
What to expect from inflation in 2024: Kristalina Georgieva | World ...
Jan 18, 2024 · Already in 2023, eye watering inflation rates were being brought under control in many parts of the world. In the US, for example, CPI inflation — which measures the change in the prices of a typical basket of goods and services — fell from 6.5% in December 2022 to 3.4% in December 2023.
5 books to help you understand inflation - The World Economic …
Oct 14, 2022 · The book includes examples from around the world, including New Zealand, which was the first country to try out inflation targeting. It says such targets have helped keep inflation and interest rates lower. But – as 2022 has shown – the authors also point out that such goals will never keep inflation totally under control.