In December, prices surged at their quickest rate in four decades, up 7% over the same month the previous year, ensuring that 2021 will be remembered for soaring inflation brought on by the ongoing coronavirus pandemic. What is the current source of inflation? They claim supply chain challenges, growing demand, production costs, and large swathes […]

It’s been four decades since we’ve seen such rapid price increases, so it’ll be interesting to see how customers react to this. Take a look at this graph to see how people expect their financial conditions to change in the next 12 months: The number of those who believe their financial condition will worsen in

Gold has long been thought to be a good inflation hedge. In reality, many people have looked to gold as a “alternative currency,” especially in countries where the national currency is depreciating. When their own currency fails, these countries often resort to gold or other strong currencies. Gold is a genuine, tangible asset that, for

Unexpected inflation hurts lenders since the money they are paid back has less purchasing power than the money they lent out. Unexpected inflation benefits borrowers since the money they repay is worth less than the money they borrowed. Who is the hardest hit by inflation? Inflation is defined as a steady increase in the price

While the price of oil has historically been linked to inflation, the correlation has weakened since the 1970s. The tightening of this relationship is most likely due to the service sector’s ever-increasing share of the US economy. Oil prices have a bigger impact on the cost of products than services because oil is both a

One of crypto’s key charms has been its invulnerability to inflation, which has been advertised as a safe haven against inflation in central bank currencies. Institutional investors are investing money into Bitcoin as a “better inflation hedge than gold,” according to a JPMorgan Chase analysis from last October. The rationale is that the supply of