The underlying reason for the price increases is the acceleration in the international price of crude oil, linked to the Russian war in the Ukraine.
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Articles on Inflation
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How to deal with high inflation and sputtering growth at the same time.
Recent rate hikes will not do much to tackle inflation, but greater cooperation between the Bank of England and the government could help the UK economy.
The rich history of UK consumer culture has been captured in the composition of the ‘basket of goods’ used to measure inflation.
The Fair Work Commission has granted a pay increase to Australia’s lowest-paid workers for a good reason. Even with rising inflation, the economy is strong.
The Fed raised interest rates the most in nearly three decades to fight stubborn inflation. A finance expert explains what’s happening, the risks and what it means for consumers.
High food prices are exposing yet another risk of our hyper-concentrated global food system and strengthening the case for more diversified and decentralized alternatives.
Periods of high food inflation affect poor households the most. This is because they spend a higher percentage of their income on food.
A bigger-than-expected jump in inflation means the Fed may have to get more aggressive about interest rate hikes. An obscure economic indicator suggests it has room to do so.
It would be better to focus on building.
Critics ought to acknowledge that on average over time Australia’s Reserve Bank has met its inflation target, but it is worthwhile examining the way it is run.
As the European Central Bank announces its first increase in interest rates, investors are getting very nervous.
With customers and workers both being squeezed, what does the future look like?
For the past 30 years or so, the RBA has targeted an inflation rate of 2-3%. But the rationale for a rate that low was always weak, and has since broken down.
It is hard to fathom how Nigeria’s Central Bank interest rate increase would benefit most Nigerians.
Structural reforms to South Africa’s economy need to be accelerated.
Lower real living standards now represent the price of being in paid work.
There are a number of reasons why Ghana’s domestic borrowing is more expensive than foreign debt.
Increasing productivity means increasing investment, but raising interest rates makes businesses do the opposite.
Some sectors get a boost while others may suffer.
Top contributors
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Professorial Fellow, University of Canberra
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Professor of Economics, UNSW Sydney
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Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra
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Professor of Economics & Business, Allegheny College
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Associate Professor of Markets, Public Policy and Law, Boston University
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Senior Lecturer in Economics, The Open University
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Visiting Professor at the Business School, University of the Witwatersrand
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Professor of Economics, University of Nebraska Omaha
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Associate Professor of Finance, Mississippi State University
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Senior Lecturer, Research School of Economics, and Research Associate, Centre for Applied Macroeconomic Analysis, Australian National University
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Lecturer in Economics, Monash University
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Senior Lecturer in Economics | Freelance Consultant, Sheffield Hallam University
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Associate Professor of Economics, Pace University
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Associate Professor in Economics, University of Leeds
