What will happen to the euro zone’s rising prices in 2023? Here’s an overview of the factors which might influence inflation’s acceleration or deceleration.
In October, Loblaw announced a price freeze on one of its in-store brands through a letter from Loblaw Companies chair and president Galen Weston. The promotion ended on Jan. 31.
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Reserve Bank of Australia governor Philip Lowe is unrepentant about the prospect of further interest-rate rises. In fact, he says there’s a risk the bank is not doing enough.
A food vendor in Bulawayo, Zimbabwe. The rise in food prices has begun to ease in the country.
Photo by Zinyange Auntony/AFP via Getty Images
The Reserve Bank of Australia tips economic growth to slow, inflation to remain high, spending to stagnate, unemployment to increase and real wages to fall further.
In this podcast, Michelle and politics + society editor Amanda Dunn discuss the RBA rate rise, Lidia Thorpe's defection to the crossbench and the ongoing Voice debate
Peter Martin, Crawford School of Public Policy, Australian National University
The Conversation’s 29-member panel expects very weak economic growth and recessions in much of the rest of the world, but there’s good news down the track for Australians’ buying power.
The US spent $213 billion paying interest on the national debt in the fourth quarter of 2022 as the Fed jacked up borrowing costs at an unprecedented pace.
Calculating the cost of living in the country.
Ariel Skelley/Getty Images
The rising cost of living doesn’t hit all Americans equally. Yet the benchmark figure for charting the rising cost of living excludes people in rural areas.
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
Interest rates are almost certain to rise again in February, after the latest Consumer Price Index figures showing inflation hitting a record high of 7.8% in 2022.
Recent price rises are not due to higher wages but supply-side issues including the war in Ukraine, the COVID pandemic and Brexit.
Volunteers pitch in at the Second Harvest Food Bank in Irvine, Calif. in December 2022.
Jeff Gritchen/MediaNews Group/Orange County Register via Getty Images
A little more than 1 in 10 Americans can’t get enough to eat – around the same share of the country that was experiencing food insecurity before the COVID-19 pandemic.
Abnormally high market prices funnel wealth from consumers to owners of large companies.
(AP Photo/Julia Nikhinson)
Prices are up to five times higher than the raw costs of production for many of the goods and services we all need.
Nigerian president Muhammadu Buhari and Godwin Emefiele, the governor of the Central Bank of Nigeria, present the redesigned banknotes in Abuja.
Sodiq/Xinhua via Getty Images
For a country that aspires to reduce bureaucracy and liberalise its financial sector, currency redesign and cash withdrawal limits can only be counter-intuitive.
Oeuf! Egg prices are rising faster than a souffle.
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