European Growth to Slow over Next Two Years as Inflation Pressures Persist
Economic growth in Europe is forecast to slow over the next two years as pressures from inflation persist.
Inflation
Tyson Foods Beats Forecasts, Reports Higher-than-Expected Profits
American meat processing giant Tyson Foods saw its shares surge by nearly 12 percent on opening bell Monday, according to reports.
Americans Far More Concerned about Inflation than Covid, Poll Shows
Americans are far more worried about inflation over the Covid pandemic as a top economic concern for 2022, a new poll has revealed.
Rand Paul Releases Disturbing New Report on Soaring Inflation: ‘It’s Only Going to Get Worse’
Republican Sen. Rand Paul (R-KY) has released a troubling new report on the record levels of inflation in President Joe Biden’s economy and its impact on the American people.
European Central Bank Policymakers Surprised by Record High Inflation
Policymakers at the European Central Bank (ECB) say they are surprised by Europe’s inflation rate soaring to a record high last month.
IKEA Raises Prices by 9% Across Global Markets as Supply Chain Issues Persist
Swedish home furniture giant IKEA has announced that it is raising prices by an average of 9 percent across its global markets. The company insists it has been forced into the price hike after being hit with supply chain issues that are currently wreaking havoc across the world, prompting businesses to increase costs for customers. … Read more
Retail Sales Plummet as Inflation Bites, Stores Run Low on Goods
Retail sales are plummeting in the run-up to Christmas as stores struggle with supply chain issues and shoppers feel the bite of skyrocketing inflation.
Wholesale Prices Soar to Record Highs, Adding to Broader Inflation Woes
In November, wholesale prices skyrocketed at their fastest annual pace on record.