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.
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Articles on Inflation
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The numbers are less concerning when viewed in the bigger picture.
Recent price rises are not due to higher wages but supply-side issues including the war in Ukraine, the COVID pandemic and Brexit.
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.
Prices are up to five times higher than the raw costs of production for many of the goods and services we all need.
For a country that aspires to reduce bureaucracy and liberalise its financial sector, currency redesign and cash withdrawal limits can only be counter-intuitive.
A drop in gas prices helped tame inflation in December 2022. But grocery prices and housing costs continued to rise.
Rapid increases in food prices due to inflation mean many Canadians may be making different food choices. Here are the possible short- and long-term effects of that, and some ways to save money.
While UK inflation could drop again in 2023, there is a lot of work to do to support the country’s economy.
As the cost of living continues to rise, the amount Canadians are being asked to tip is also increasing due to a phenomenon known as tip inflation.
There are a range of new flashpoints and ongoing deadly conflicts the world has largely ignored due to the focus on Ukraine.
Price inflation has hit countries differently, but most central banks and governments are concerned about the rising cost of living in 2023.
Government attempts to manage energy prices could actually create more volatility in oil and gas markets.
Central banks are raising interest rates to tame inflation, but 2023 will increasingly turn a technical decision into a political challenge.
Public spending cuts and the soaring cost of living will not only affect people lives now, but could trickle down through generations.
As the year ends, how has New Zealand fared on global and domestic measurements, from social and economic freedoms to tackling poverty and homelessness?
From the economic perspective, the year 2022 will be remembered, by many Nigerians, as a time of dashed hopes and disappointments.
Although many say the economic outlook for next year appears bleak, there is room for optimism.
Mortgage rates have rocketed in recent months, but what about the rate on your savings account?
Certain parts of the UK are classed as “left behind” and will feel the effects of an economic downturn more acutely than others.
Top contributors
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Professor of Economics, UNSW Sydney
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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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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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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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Professor of Economics, University of Nebraska Omaha
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Associate Professor of Economics, Pace University
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Senior Lecturer in Economics | Freelance Consultant, Sheffield Hallam University
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Associate Professor in Economics, University of Leeds
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Lecturer in Economics, Monash University
