Tag: Inflation
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Why the global push to keep food affordable is unsustainable because of rising prices
As prices rise, everywhere, for pretty much everything, the prospect of the human suffering this will cause is deeply worrying. There are predictions that...
Inflation: The supermarket business model is too vulnerable to protect customers from rising food costs.
Food prices, like almost everything else, are rising fast. There have recently been warnings of “apocalyptic” costs, and a declaration that the “era of...
Because we almost literally eat oil, rising crude prices raise the cost of practically everything else.
The price of oil has been spiking in recent weeks in response to concerns that the war in Ukraine will significantly reduce supply. But...
Australia’s wages cannot be increased by a magical jobless rate
With the official unemployment rate now 4.2% – the lowest since 2008 – Prime Minister Scott Morrison has predicted a rate “with a 3...
Why raising interest rates curbs inflation – and what might go wrong
After about three decades of relatively low inflation, consumer prices are skyrocketing again.
The price of gasoline, for example, was up 40% in January 2022...
