ANU modeling suggests 80% of households face living cost increases below the inflation rate of 6.1%.
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Articles on Inflation
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The Inflation Reduction Act of 2022 bill in Congress may reduce inflation. Or it may not. What it will do is add to the long history of legislation names aimed at drumming up support for a bill.
Never, in the three decades the Reserve Bank has been targeting inflation, has it been tested by prices rising in unison like this.
Labor market disruptions, supply chain strains and the war in Ukraine have taken a toll everywhere.
The US economy shrank for a second straight quarter. While some call that a recession or a strong sign of one, a financial economist explains why the term probably doesn’t yet apply.
The treasurer promised a “confronting” economic statement, but it held out hope of only a short spike in inflation and a recovery in real wages.
Zimbabwe’s central bank should focus on tackling the underlying drivers of inflation rather than blaming the war in Ukraine.
Treasurer Jim Chalmers will tell parliament on Thursday that estimated growth has been cut by half a percentage point for last financial year, this financial year and next year.
Our research provides no support for the existence of a wage-price spiral. That means is no case for cutting real wages to fight inflation.
Inflation has hit 6.1%, and the rate of inflation on necessities is 7.6%. Bringing it down will require still higher interest rates and exquisite judgement in order to avoid a recession.
Tax cuts could ease the burden on households and small businesses that are struggling, alongside tax increases for large firms.
A confluence of many factors – from Russia’s war to drought to local corruption and lack of productivity – has inflated prices.
It has been decades since many countries have faced significant rises in inflation. But thanks to the invasion of Ukraine and COVID-19, we are now having to learn just what rising inflation means.
The first week of the new parliament will contain some depressing news, with Treasurer Jim Chalmers on Monday softening up the community to expect a “confronting” statement on the economy.
Some leadership contenders seem to have big plans for a smaller state.
Soaring inflation in the US has been driven in part by large increases in the price of groceries – a burden that falls disproportionately on lower-income families.
While it seems lucrative to move to cities that offer higher salaries and better quality of life, Canadians should consider some key factors before changing jobs.
Higher wages can support a more productive economy.
Joe Biden is set to make his first visit as president to the Middle East, during which he will meet the Saudi crown prince the US accuses of ordering the murder of a journalist.
The US economy gained more jobs than expected in June, although it was still a decline from May. An economist explains what the new numbers mean.
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