Inflation Archives - Page 16 of 16

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. Inflation has overtaken Covid fears already this year, according to the latest edition of the Argyle-Leger Confidence Report. While many Americans fear that the pandemic will continue…

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. Senator Paul published his report — “The Hidden Tax” — on Tuesday, revealing how soaring inflation is hurting low and middle-income…

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. Eurozone inflation hit a new record high of 5 percent in December 2021. The spike raises more questions about the competency of the ECB monetary policy, which claimed…

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…

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. The slow-down was revealed in a recent report from the U.S. Census Bureau, which is part of the U.S. Department of Commerce. The report shows a…

Wholesale Prices Soar to Record Highs, Adding to Broader Inflation Woes

In November, wholesale prices skyrocketed at their fastest annual pace on record. The rise is the lastest inflation-related datapoint adding to broader concerns about the persistence of elevated prices as higher input costs for producers tend to trickle down to consumers. The Labor Department said in a Dec. 14 statement…