Global economy: will higher wages prolong inflation?
More than 340,000 Americans will see an increase in their monthly pay cheque tomorrow after Walmart, the biggest private-sector employer in the US, raised its minimum hourly wage to $14. The retailer’s move will in effect set a new floor for pay in many US states. On the other side of the Atlantic, as many […]
Federal Reserve’s favoured inflation gauge accelerated in January
On Friday, stocks sold-off as the Federal Reserve\’s preferred measure of inflation rose more than expected in January. The personal consumption expenditures (PCE) price index increased 0.6 percent month on month, causing the annual rate to increase to 5.4 percent in January. The core PCE index, which strips out volatile food and energy costs, rose […]
Personal inflation calculator: what is your inflation rate?
This inflation calculator allows users to track their personal inflation rate in the UK, US and Japan. It uses data from the Office for National Statistics, Bureau for Labour Statistics and Statistics Bureau of Japan and measures of CPIH, CPI-U and CPI respectively. The calculator is recommended for regular monthly spending, however users may enter […]