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Bookmark or Share- What is inflation and how does it affect consumers?Inflation is the term used to describe the rate at which prices increase. It’s in the headlines because it has been rising at the fastest pace for several years across many countries. Inflation in the US was more than 8% in September and 10.1% in the UK. That compares with the roughly 2% most policymakers accept is a stable rate.
- How does the war in Ukraine affect oil prices?Some governments may introduce measures to cushion consumers from this increase. In many countries taxes on diesel and gasoline represent more than half of the price paid by consumers at the pump, so clearly there is a space for government action. However, all (or almost all) of this cost will need to be picked up by consumers.
- Prices for these crops are most impacted by climate change | World ...A shortage or poorer quality livestock feed can cause prices to spike, leading farmers to difficult decisions about reducing herd sizes or finding alternative food sources, for example. This in turn feeds into the price, availability and quality of meats or dairy products down the line.
- What is the Consumer Price Index and why is it important?The Consumer Price Index (CPI) records the price of a wide range of goods and services in a country to keep track of inflation. It can include anything from a loaf of bread to a holiday. In the United States, the prices of about 80,000 items a month are collected. Consumer prices continue to rise across the OECD region.
- Rising prices are pushing up the global cost of living - and the poor ...The nations where fewest people reported rising prices were Japan, where consumer price inflation was 0.1% in October, and China, where the same month’s figure was 1.5%. In the last six months, over a third of people reported much higher utility bills.
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