Inflation
The U.S. Labor Department reported yesterday that the Producer Price Index (a measure of wholesale prices) rose by 0.3% in November, an annualized rate of 3.6%. The Labor Department also reported that Import Prices rose 0.7% in November, an annualized rate of 8.4%! The numbers being released confirm…
China continues to face surging inflationary pressures despite higher interest rates and loan tightening. The country’s Consumer Price Index (CPI), excluding food, came in at 4.9% in February, which continues to be way too high. As such, China increased its key interest rates for the fourth time since…
Confidence amongst U.S. consumers fell to a 28-year low in May, according to the confidence index of Reuters/University of Michigan Surveys of Consumers. The biggest concern among American consumers: Inflation. The two largest culprits behind inflation are presently food and energy. If we take the two out of…