With information from EFE Inflation in Germany it shot up this November to 5.2%, its highest level since 1992, according to the still provisional figures released today by the federal Department of Statistics (Destatis) of that country. In October, the interannual rate was already 4.5%, while last September it was 4.1%. The main cause of […]
Tag: Inflation
Unctad predicts two years of inflation due to the high cost of maritime transport
The general prices of the global shopping basket will rise on average by 1.5% until 2023 in relation to the pre-pandemic levels due to the current rise in the cost of maritime transport, which moves 80% of these products and continues to be affected by the pandemic and production bottlenecks. This is the main conclusion […]
Inflation, pensions and inequality: Chile’s economic challenges
A skyrocketing inflation, a pension system undercapitalized and exacerbated inequality after the pandemic: the next president of Chile He will lead a country that ceased to be the “oasis” that it was before October 2019, when the most serious protests erupted since the dictatorship. The seven candidates who will compete on November 21 to reach […]
Inflation is killing the dollar carry trade in emerging markets
The temporary improvement for dollar-funded emerging market carry trades appears to be over, as a pick-up in US inflation makes the outlook increasingly treacherous. A Bloomberg index of these bets has fallen more than 4% in the past two months, the biggest drop since March 2020 for a strategy of borrowing in dollars and investing […]
Inflationary fears are a risk for US consumption.
Updated on 11/15/2021 02:34 am The recent increase in inflation runs the risk of taking a toll on the accelerated growth in spending that has fueled the economic recovery of USA during the pandemic, at least in the short term. That’s the conclusion some economists came to from the unexpected drop in consumer confidence released […]
Private formal employment slightly exceeded the pre-pandemic level
During September of this year, 16,000 formal jobs were recovered in the private sector, compared to the same month in 2019, he explained. Adrian Armas, Manager of Economic Studies of the Central Reserve Bank of Peru (BCRP). The official said that said growth is 0.4% and is reflected only in sectors whose participation in the […]
The Economist: Emerging economies struggle to contain high inflation
In recent months, the world economy has come to resemble a poorly heated dinner in the microwave: generally hot, but some parts barely warm and some too hot. Global consumer prices are likely to rise 4.8% this year, according to the IMF, which would be the fastest rise since 2007. But price increases in emerging […]
Inflation is global, but its traps are local
Por Daniel Moss When it comes to accelerating inflation around the world, don’t expect a quick response from the two biggest economies. The United States and China are trapped by their own political decisions and national priorities. Neither of you is keen to deal with price increases. Germany’s calls for drastic action come too late. […]
US inflation rose 0.9% in October and 6.2% year-on-year
The inflation It increased 0.9% in October in the United States, reaching record levels, due to persistent problems in global supply chains that significantly affect energy prices, according to figures from the Labor Department. In this way, the year-on-year inflation rate shot up to 6.2% in October. This is the largest increase recorded since November […]
Biden places reducing inflation among his “top priorities”
Updated on 11/10/2021 01:32 pm US President Joe Biden said that reducing inflation is one of his “top priorities”, After knowing that the interannual rate has shot up to 6.2% in October, the highest in three decades in this country. In a statement released by the White House, Biden acknowledged that inflation “hurts the pockets […]