Aggregate Demand and Supply
INFLATION
Consumer and Business Behaviour
Argentina Inflation hits 100%
The inflation rate in Argentina has passed the 100% mark this week with consumers particularly hard hit by increasing food prices – the price of meat alone increased by almost 20% in the last month. […]
Economic News
Nestle planning another price increase
Nestle, one of the world’s largest food and beverage companies, is planning to increase prices again this year as they grapple with food inflation and the surging cost of ingredients. The Swiss conglomerate, famous all […]
Aggregate Demand and Supply
Food prices at a 14-year high as the UK battles inflation
Annual food prices in the UK went up by 14.7% in October, representing the largest increase since records began in 2008. Driven largely by the knock-on effects of Russia’s war in Ukraine, food inflation is […]
Aggregate Demand and Supply
Rampant food inflation at a 31 year high in Japan
Food prices in Japan are rising fast as producers struggle to cope with a depreciating Yen and the increasing costs of commodities. Data collected from supermarkets and other food retailers show food inflation is currently […]
Aggregate Demand and Supply
Dark days for the UK economy…
The UK economy has been plunged into economic turmoil since the announcement of the mini-budget last week. Since the new chancellor, Kwasi Kwarteng, announced the largest tax cuts in 50 years the economy seems to […]
Aggregate Demand and Supply
UK prices spiraling upwards as inflation hits 40-year high
The UK inflation rate is rising at its fastest rate in 40 years. This is predominantly a result of soaring fuel and energy prices, as well as recent pressure on food costs. Year-on-year inflation for […]
Economic News
Central Bank of Sri-Lanka raises the interest rate to curb inflation
As inflation spikes throughout the Sri-Lankan economy, the central bank has responded by increasing the interest rate from 5.5% to 6.5%. This tightening of monetary policy follows three consecutive months of double-digit inflation, with the […]
Economic Growth
Cost-push inflation is driving up prices throughout the Indian Economy
Inflation in India, the fifth largest economy in the world, stood at 6.9% in July according to the latest measurement of the CPI (consumer price index). This means that inflation in India has been above […]
Aggregate Demand and Supply
Deflation in Canada: why economists will tell you that falling prices is not something to be happy about
The inflation rate in Canada entered negative territory in April, as year-on-year inflation was measured at -0.2%. This essentially means that the average price level in Canada was 0.2% less in April this year, than […]