Markets have begun to think about inflation again. In the US the new President is expected to contribute further towards existing pressure on prices; in Britain the weak pound has led to imported inflation as… 841 more words
Tags » Inflation
Retail sales and inflation data came in weaker than expected on Friday, a reminder that Canada’s recovery still has a long way to go.
The consumer price index advanced 1.5 per cent in December from a year earlier, and retail sales rose 0.2 per cent, Statistics Canada reported Friday from Ottawa, both missing forecasts in a Bloomberg survey of economists. 311 more words
But when we are wealthy … well, the song has the same notes but the lyrics change when countries go from poor to rich.
I have made the point in previous posts that “free trade” is a weapon used by the “haves” against the “have nots.” (Free Trade’s basic function is to prevent the have nots from competing with the haves by selling them our more cheaply made stuff so they cannot develop a capacity to make that stuff for themselves and become our competitors.) China’s President just stated that China is committed to free trade. 372 more words
Inflation and conflation are easily confused words.
The spell-check application of most word processing software programs would not catch a slip-up of these two words. Spell-check is looking for words that aren’t in its dictionary, and words that resemble words in its dictionary, but are possibly spelled wrong. 318 more words
Over the weekend, the National Bureau of Statistics (NBS) released the inflation figure of December, the year-on-year inflation stood at 18.55 %. This means that between December 2015 and December 2016, the average prices of goods and services in increased by 18.55%. 677 more words