The Consumer Price Index, which is issued monthly by the Labor Department’s Bureau of Labor Statistics, is used to compute annual inflation rates (BLS). Subtract the January 2016 CPI of “236.916” from the January 2017 CPI of “242.839” to get the inflation rate for January 2017. “5.923” is the result. Multiply this value by 100 […]
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The employment rate refers to the percentage of the workforce who is employed. The labor force is made up of non-institutionalized civilians aged 16 and above who are working or seeking for work. The unemployment rate is defined as the percentage of the labor force that is unemployed, willing to work, and actively seeking work.
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Interest rates are its primary weapon in the fight against inflation. According to Yiming Ma, an assistant finance professor at Columbia University Business School, the Fed does this by determining the short-term borrowing rate for commercial banks, which subsequently pass those rates on to consumers and companies. This increased rate affects the interest you pay
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The index increased by 5.5 percent from a year ago, the most since 1991. Higher prices for accommodation and used vehicles led to an increase in the CPI. Food expenditures were also a factor. Last month, energy costs fell, which was a major driver of inflation for most of 2021. Why is the inflation rate
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The 1.3 percent quarter-on-quarter increase in Australia’s CPI index in 4Q21 raised the inflation rate to 3.5 percent YoY, higher than the modest increase to 3.2 percent predicted by the consensus. However, even at 3.5 percent, Australia’s inflation rate is significantly lower than that of the United States or Europe. As a result, despite the
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In its second advance estimates of national accounts released on Monday, the National Statistical Office (NSO) forecasted the country’s growth for 2021-22 at 8.9%, slightly lower than the 9.2% estimated in its first advance estimates released in January. Furthermore, the National Statistics Office (NSO) reduced its estimates of GDP contraction for the coronavirus pandemic-affected last
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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. How does inflation effect creditors? Inflation, by definition, causes the value of a currency to depreciate over
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Recessions typically last eight to nine months, putting the next one around the middle of 2024. If the current market follows its historical trajectory, the current turmoil should be viewed as a one-time blip in risk markets. “The playbook is historically accurate,” he argues. Is a recession expected in 2021? Unfortunately, a worldwide economic recession
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A recession is a natural element of the business cycle that occurs when the economy declines for two consecutive quarters. A depression, on the other hand, is a prolonged decline in economic activity that lasts years rather than months. This makes recessions far more common: in the United States, there have been 33 recessions and
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The Great Recession, which ran from December 2007 to June 2009, was one of the worst economic downturns in US history. The economic crisis was precipitated by the collapse of the housing market, which was fueled by low interest rates, cheap lending, poor regulation, and hazardous subprime mortgages. New financial laws and an aggressive Federal
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