The annual inflation rate in Mexico was little changed at 7.36% in December of 2021 compared to 7.37% in November which was the highest since January of 2001. It compares with market expectations of 7.51%. Biggest upward pressure came from cost of energy (11.5%), food, drinks and tobacco (8.1%) and housing (2.5%).Mexico Inflation Rate | 2022
The annual inflation rate for the United States is 6.8% for the 12 months ended November 2021 — the highest since June 1982 and after rising 6.2% previously, according to U.S. Labor Department data published December 10.
Current US Inflation Rates: 2000-2022 | US Inflation
The inflation rate coincides with the GDP as it did in the early 1980s. The prediction is that 2022 will be between 4%-5%. Eventually the bubble will burst and the cycle reverses but not in 2022. Time to raise interest rates however to try to get the economy to gradually cool.
2021Gross domestic product accelerated at a 6.9% annualized pace in the fourth quarter, well ahead of the 5.5% estimate.
Consumer activity and business spending led the gains, which propelled the U.S. economy to its strongest full year since 1984.
Jobless claims remained elevated at 260,000 while orders for long-lasting goods hit their lowest point since April 2020, signaling an end-of-year slowdown.
Daeder over 2 years ago
And here it is, the one correct cartoon to ballast all the incorrect ones that blame Biden for global inflation.
Radish the wordsmith over 2 years ago
www.aboutinflation.com
The annual inflation rate in Mexico was little changed at 7.36% in December of 2021 compared to 7.37% in November which was the highest since January of 2001. It compares with market expectations of 7.51%. Biggest upward pressure came from cost of energy (11.5%), food, drinks and tobacco (8.1%) and housing (2.5%).Mexico Inflation Rate | 2022
Radish the wordsmith over 2 years ago
The annual inflation rate for the United States is 6.8% for the 12 months ended November 2021 — the highest since June 1982 and after rising 6.2% previously, according to U.S. Labor Department data published December 10.
Current US Inflation Rates: 2000-2022 | US Inflation
admiree2 over 2 years ago
The inflation rate coincides with the GDP as it did in the early 1980s. The prediction is that 2022 will be between 4%-5%. Eventually the bubble will burst and the cycle reverses but not in 2022. Time to raise interest rates however to try to get the economy to gradually cool.
2021Gross domestic product accelerated at a 6.9% annualized pace in the fourth quarter, well ahead of the 5.5% estimate.
Consumer activity and business spending led the gains, which propelled the U.S. economy to its strongest full year since 1984.
Jobless claims remained elevated at 260,000 while orders for long-lasting goods hit their lowest point since April 2020, signaling an end-of-year slowdown.