Inflation is defined as a steady increase in overall price levels. Inflation that is moderate is linked to economic growth, whereas high inflation can indicate an overheated economy. Businesses and consumers spend more money on goods and services as the economy grows. Is inflation beneficial or harmful to the economy? Inflation, according to economists, occurs […]

Our findings suggest that inflation in Ethiopia is linked to the economy’s major position of agriculture and food. In the long run, inflation is mostly determined by the external sector (about three to four years). Domestic food prices, in particular, adapt to changes in world food costs, which are assessed in Birr. What are the

The inflation rate is a measure of inflation in economics. It represents the rate of increase of a price index (in the below case: consumer price index). It is the rate of change in price level over time expressed as a percentage. The pace of loss in money’s purchasing power is almost comparable. What is

NEW YORK (WABC) Inflation is at an all-time high, but this is hopefully the worst of it. Consumer prices increased 6.8% in the year ended in November, a 39-year high. For a variety of factors, many economists forecast inflation to linger near this level for a few more months before moderateing through 2022. They also

From October 2020 to October 2021, the Consumer Price Index for All Urban Consumers grew by 6.2 percent, the biggest 12-month gain since November 1990. Prices for all commodities excluding food and energy increased by 4.6 percent in the last year, the biggest 12-month increase since August 1991. Over the last year, energy prices have