Oil prices fall but inflation stays high
Oil prices have dropped by a quarter since June and could fall further if a nuclear deal is reached with Iran as it would bring more crude to the market,…
In UK, workers strike as inflation crushes earnings
Railway and postal staff, dockers too. Britain’s workers are striking in vast numbers as decades-high inflation erodes the value of wages at a record pace. Britain’s train network faces further…
Victims of inflation
Rampant inflation is a reminder that there are more and more of the working poor in the world's public services. Yet governments have the means to finance quality public services:…
Monetary policy: chasing vs targeting inflation
The statement from Dr. Murtaza Syed, Acting Governor the SBP (State Bank of Pakistan) that monetary policy ‘will not risk creating economic recession to bring inflation down and real positive…
East Europe’s party is over as double-digit inflation bites
In the weeks that followed Russia’s invasion of Ukraine, western Europe’s big economies began to falter. But further east it was still boom-time thanks to double-digit wage hikes and generous…
Acute food inflation and a shallow global policy leadership response
The ‘Food security’ update recently released by World Bank indicated a very difficult food inflation situation globally, whereby it pointed out: ‘Information from the latest month between March and June…
Runaway inflation
The year-to-year rate of inflation in the consumer price index has jumped up to 21.3 percent in in June 2022. This is the highest rate of inflation after 2008-2009. Only…
Inflation, stagflation, recession
Years of neoliberal assault globally leading to a diminishing role of government, especially in regulating markets, do not allow proper measures being taken to avoid the Covid from becoming a…
For Biden’s battered approval, ‘nothing else matters’ like inflation
Historically low joblessness is the kind of thing American leaders dream of, but President Joe Biden also has nightmarishly high inflation that supporters and opponents alike believe may cost his…
Outlook for inflation
The multilateral agencies, World Bank, and the IMF, have recently updated their projections of the rate of inflation in Pakistan in 2021-22 and 2022-23. These projections are shown in Table…
