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Post by the Scribe on May 11, 2022 15:42:54 GMT
Inflation Rates
www.officialdata.org/countries
This table displays data from the World Bank and the Organization for Economic Co-operation and Development (OECD).
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Post by the Scribe on May 11, 2022 15:46:14 GMT
The rise in global inflation – the hit to living standards across the world
www.theguardian.com/business/2022/feb/10/the-rise-in-global-inflation-the-hit-to-living-standards-across-the-world
Analysis: From Pakistan to the US, Australia to Germany, the cost of living is rising to new highs and causing new hardships
US inflation reaches 40-year high at 7.5%
Rolling coverage of the latest economic and financial news
A .99 Cent Pizza store in New York. the fabled cheap pizza slices in the city are becoming a thing of the past. Photograph: Carlo Allegri/Reuters
Dominic Rushe in New York, Kate Connolly in Berlin, Angela Giuffrida in Rome, Peter Hannam in Sydney, and Hannah Ellis-Petersen in Delhi
Thu 10 Feb 2022 08.36 EST
After decades lurking in the shadows, inflation is back. On Amazon, you can find fridge magnets printed with words spoken 40 years ago by Ronald Reagan, before the election that swept him into the White House.
“Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.”
Price spirals remain a real fear for many Americans, particularly those who lived through the double-digit inflation suffered under Reagan’s predecessor Jimmy Carter.
What was a painful but distant memory is now a new reality. And it is global. The Bureau of Labor Statistics announced on Thursday that the consumer price index rose year on year by 7.5% in January, a level not seen since the 1980s. Britain is not far behind, with prices rising by 5.4% at the end of last year. In the eurozone – the 19 countries using the euro – it hit 5.1% in January, the highest level since records began in 1997.
Here, the Guardian’s foreign correspondents report on how inflation is denting living standards around the world:
www.theguardian.com/business/2022/feb/10/the-rise-in-global-inflation-the-hit-to-living-standards-across-the-world
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