Bank of England Admits It Is Helpless in Taming Inflation, Warns of ‘Apocalyptic’ Global Food Shortages
The Bank of England has finally thrown in the towel, admitting defeat in curbing out-of-control inflation that only became exasperated
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Inflation
Canada Sees April’s CPI Climb To 6.8% While Price Of Food Climbs 9.7%
Inflation in Canada continues to climb, with StatCan this morning reporting that the Canadian consumer price index rose to 6.8%
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Canadian Home Sales Slump in April as Rising Interest Rates Bite
Home prices across Canada fell for the first time in two years last month, as an increasing number of buyers
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Americans Growing Increasingly Worried Over Maintaining Standard of Living as Inflation Surges
It appears that Americans’ optimism over their personal finances and the economy has taken a turn for the worse, as
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EU Producer Prices Explode to All-Time High and Surging Energy Costs Bite
For the eighth month in a row, producer prices across Europe continued to skyrocket, largely fuelled by surging energy costs.
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Unilever Hikes Prices Again, Forecasts Even Higher Inflation
Household product maker Unilever raised prices once again, warning that inflation is about to get a whole lot higher later
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Stagflation! US Economy Unexpectedly Contracts For First Time Since 2020
Well that didn’t go as planned! America’s economy unexpectedly contracted in the first quarter of 2022, marking the first stark
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China’s Likely Restrictions in Beijing Could Translate Into Further Inflationary Pressures
Reports of rapid increases in COVID cases in Beijing, China, coupled with that country’s insistence on a zero tolerance COVID
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China’s Lockdowns Could Further Fan Inflationary Pressures in North America
Investors as a whole have paid little attention to the implications of China’s decision to effectively shut down Shanghai, the
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Bank of Canada Open to 75 Basis Point Rate Hike in Face of Surging Inflation
The Bank of Canada signaled it is prepared to unleash a bout of even more aggressive monetary policy action, and
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