Unlocking China’s Ongoing Battle Against Deflation: A Closer Look

China is still grappling with deflationary pressures, which highlights the fragility of its economic recovery in the final months of 2023, according to Bloomberg. Economists surveyed by the publication anticipate that data due on Thursday will show consumer prices in China slipping into deflation in October. Producer prices are also expected to decline for the …

Read more

The Path to Achieving 2% Inflation: What it Takes and Why It Won’t Come Without Challenges

A construction in a multifamily and single family residential housing complex is shown in the Rancho Penasquitos neighborhood, in San Diego, California, September 19, 2023. Mike Blake | Reuters In theory, achieving the Federal Reserve’s target of 2% inflation doesn’t seem too challenging. While services and shelter costs are the main culprits, other components show …

Read more

Inflation Surge Driven by Soaring Gas Prices: What You Need to Know

Gas Price Spike Causes Inflation Rise in August Gas prices experienced a sharp increase in August, resulting in a rise in inflation. However, most other costs saw a more modest growth rate, indicating a general cooling of consumer price increases. The latest data from the Labor Department reveals that the consumer price index increased by …

Read more

August 2023 CPI Report: Significant 0.3% Increase in Inflation Noted

In August, inflation reached its highest monthly increase so far this year, driven by higher prices for energy and various other items. The U.S. Department of Labor reported that the consumer price index, which measures costs across a wide range of goods and services, rose 0.6% on a seasonally adjusted basis for the month. Compared …

Read more