Traders in Wuse, Abuja. Nigeria’s inflation is driven by soaring food costs and the fall of the country’s currency.
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Factors pushing inflation rates downwards in other parts of the world are achieving the exact opposite result in Nigeria.
While the current episode of inflation has created challenges for many, this is not the first time Canada has gone through such an experience.
THE CANADIAN PRESS/Sean Kilpatrick
The real question in the minds of many economists is what the trend in inflation will be going forward, and when interest rates will begin to fall and bring relief to Canadians.
Tiff Macklem, Governor of the Bank of Canada, holds a press conference at the Bank of Canada in Ottawa on Jan. 25, 2023.
THE CANADIAN PRESS/Sean Kilpatrick
The reputation of the Bank of Canada will be undermined if the public believes the bank’s method of controlling inflation is no longer the right move.
The Fed is taking aim at its inflation target.
krisanapong detraphiphat/Moment
The Fed is waging war to get inflation down to its preferred level of around 2%. An economist explains what’s so special about that number.
Bank of Canada Governor Tiff Macklem arrives at a press conference in Ottawa on Oct. 26, 2022.
THE CANADIAN PRESS/Sean Kilpatrick
Because central banks delayed interest rate increases early in the pandemic, they have spent 2022 playing catch-up with runaway inflation.
Governor of the Bank of Canada Tiff Macklem speaks at a press conference in Ottawa in June 2022.
THE CANADIAN PRESS/ Patrick Doyle
The Bank of Canada’s expansionary monetary policy in 2021 is an important source of the high inflation we are experiencing today.
Definitely no poison in this chalice.
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With the keys to Number 10 now in her handbag, will the new PM really give the UK a dose of supply-side economics?
Food inflation is hitting people across the board in multiple countries.
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Inflation is bad for any country’s economy. It also hurts the wealth and financial well-being of individuals and households.