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Tag Archives: Inflation

Inflation theories must dig deeper to avoid collision with data

The BICEP telescope itself is facing the Antarctic sunset and a very long, very cold winter. It was not so long ago (2014) that the world was shocked and stunned by the announcement of the discovery of the original gravitational waves. This would have been the first observation of gravitational waves, and the data seemed to confirm a long-cherished theory …

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Where To See Macy's 2018 Thanksgiving Balloon Inflation: Gothamist

fullscreen Thanksgiving Day can boast the coldest weather in a century so you can take the balloons for Macy's Thanksgiving Day Parade on Wednesday afternoon just as well when it's mild 40 degrees. All actions take place on the Upper West Side, starting at 1pm. There are 16 giant character balloons, such as Olaf von Frozen Chase of Paw Patrol …

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ECB Draghi raises the prospect of slower inflation as prospects worsen

FRANKFURT (Reuters) – The European Central Bank plans to add a stimulus at the end of the year, but inflation could rise more slowly than previously expected, ECB President Mario Draghi said Friday. FILE PHOTO: The President of the European Central Bank (ECB), Mario Draghi, arrives at the 28th Frankfurt European Banking Congress (EBC) on 16 November 2018 at the …

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US workers see the fastest wage growth in a decade, but inflation is taking a toll

US. Workers see the largest nominal pay rise in a decade, the Labor Department reported Wednesday, as companies are harder to compete for employees than in recent years. According to Labor, wages increased by 2.9 percent between September 2017 and September 2018. The Labor Cost Index of the Department of Zilivian Workers, a widely observed wage benchmark that does not …

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Maduro has a plan to improve Venezuela's inflation – which could aggravate the situation

CARACAS, Venezuela – With the radical new plan of President Nicolás Maduro to stem the galloping inflation rate, Venezuelans have encountered the tense economic chaos of this shattered South American nation. Maduro late Friday outlined a dramatic attempt to push inflation toward 1 million percent, raise the minimum wage by more than 3,000 percent and officially devalue the already-worthless Bolivar …

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Inflation drops to 9-month low of 4.17 p. in July

Retail inflation tumbled to 4.11 percent 9-month low in July on government data released on Monday due to slowing vegetable and fruit prices. Measured by consumer price index (CPI), June inflation has also been revised to 4.92 percent from the previous 5 percent estimate, according to data released by the Central Bureau of Statistics (CSO) on Monday. The previous low …

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In the US, wage growth is completely offset by inflation

Applicants chat with potential employers during a job market on July 17 at the Minneapolis International Airport (David Zalubowski / AP) by Heather Long 10. August at 18:40 Email the Author Rising prices have wiped out the meager wage increases of US workers, the recent signs of strong economic growth have not led to greater prosperity for the middle and …

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Now where for Venezuela, where it wrestles with 1,000,000% inflation?

CARACAS – Whether it triggers a social revolution or forces the government to open the economy, one thing is for sure: Venezuela's projected 1 million percent inflation will bring more misery to an already-suffering population. Earlier This week, the International Monetary Fund (IMF) adjusted the breathtaking projection and adjusted its previous estimate that inflation would reach 14,000 percent to more …

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Venezuela's inflation rate may hit 1,000,000 percent. Yes, 1 million.

by Anthony Faiola MIAMI – [194559005] MIAMI – When the International Monetary Fund predicted earlier this year, hyperinflation in Venezuela could top 13,000 percent It seemed like the South American country's economic outlook could not get any worse. It just did. With the situation in the country deteriorating faster than expected, the IMF has not got a much more severe …

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