In March 2021, the inflation rate in the United States was comfortably inside a range of 1 and 2 percent per year, considered to be price stability. One month later, the U.S. inflation rate exceeded 4 percent, and then increased to more than 8 percent. Inflation took off in most other economies too. What do … Continue reading Leaders and Followers: Are Central Banks on Track to End Inflation?

Surging prices are haunting consumers in the United States and other countries, but not in Japan, where inflation was 0.1 percent in October 2021. By contrast, U.S. consumer prices grew 6.2 percent in October 2021 over the previous 12 months.—The Associated Press What is a CPI reference base period? A CPI reference base period is … Continue reading Inflation a Worry for Most Economies, but Not Japan

U.S. Economy Grew Faster Than Expected In 2021 U.S. real GDP grew at a 6.9 percent annual rate in the fourth quarter of 2021. The economy was likely producing around its economic potential in the fourth quarter but was still below its pre-pandemic trend.—Peterson Institute for International Economics By how much did real GDP grow … Continue reading U.S. GDP in 2021 Q4