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Who in U.S. Gets Hurt Most by Food-Price Inflation? Similar
We know that Wal-Mart and China help the poor by keeping inflationary pressures low on the prices of goods those in the lower income brackets consume. But that benefit is being offset by rising food and energy prices. In new work, Chicago Fed economist Leslie McGranahan finds the six percent rise in food prices in the U.S. over the last year (July '07 to July '08) has had the largest impact on the poor. One reason for this is that the poor spend a larger portion of their budget on food than those with higher incomes: Another reason is that the poor eat out less, and the prices of foods that ar...Feed: Portfolio.com: Odd Numbers
ETFs Stunted While Europe Battles the Inflation Beast Similar
Two key banks in Europe left their interest rates untouched as they wait to see if slower growth will ultimately give life to the economy and exchange traded funds (ETFs). Borrowing costs were left at 4.25% by the European Central Bank, while the Bank of England held its benchmark rate at 5%, reports Carter Dougherty for [...]Feed: ETF Trends
Finding Recent Inflation RPI CPI Statistics Similar
Readers Question: Does anyone know where I can get the latest RPI for August 2008? Current Inflation CPI is 4.4%. This figure is for July. RPI inflation is 5.% To check the latest inflation rate, visit the home page of Bank of England [web page] The August CPI inflation figure will be released on September 16th [It takes time [...]Feed: Economics Blog
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