Inflation, in economics, signifies a rise in the average price level of goods and services, diminishing the purchasing power of money. It's commonly quantified using the Consumer Price Index (CPI). The inflation rate, expressed as an annualized percentage change in a general price index like CPI, serves as a standard measure. Deflation, conversely, represents a decrease in the general price level, the opposite of inflation. The CPI tracks price changes faced by households.
In 1922, began the era of monetary disorder in the United States.
In 1936, John Maynard Keynes published his main work, "The General Theory of Employment, Interest and Money", emphasizing the stickiness of wages and prices in the short run.
The era of monetary disorder in the United States, which began in 1922, ended in 1938.
Towards the end of the Nationalist Chinese government, 1948 saw a high-inflation episode in the country.
Towards the end of the Nationalist Chinese government, 1949 saw a high-inflation episode in the country.
In 1958, Alban William Phillips published indirect evidence of a negative relation between inflation and unemployment, which confirmed Keynesian economics.
From its first inception in New Zealand in 1990, direct inflation targeting as a monetary policy strategy has spread to become prevalent among developed countries.
In 1990, New Zealand became the first country to adopt an official inflation target as the basis of its monetary policy.
Around the year 2000, a modern Phillips curve emerged, incorporating supply shocks and inflation expectations.
In January 2007, the U.S. Consumer Price Index (CPI) was recorded at 202.416.
In 2007, the inflation rate for the Consumer Price Index (CPI) in the U.S. was calculated to be 4.28%, indicating a general rise in prices for typical U.S. consumers.
Starting in 2007, the government of Argentina was criticised for manipulating economic data.
In January 2008, the U.S. Consumer Price Index (CPI) reached 211.080.
From 2010 through 2015, the broadest measure of money supply, M3, increased about 45%, far faster than GDP growth, yet the inflation rate declined during that period.
From 2010 through 2015, the broadest measure of money supply, M3, increased about 45%, far faster than GDP growth, yet the inflation rate declined during that period.
Until 2015, the government of Argentina was criticised for manipulating economic data, such as inflation and GDP figures.
In October 2018, Venezuela experienced the world's highest hyperinflation, with an annual inflation rate of 833,997%.
In December 2021, Federal Reserve chairman Jerome Powell stated that the link between money supply and inflation "ended about 40 years ago."
In 2021, most countries experienced a considerable increase in inflation.
In 2022, most countries experienced peak inflation.
As per May 2023, inflation expectations generally seem to remain anchored.
As of 2023, Denmark is the only OECD country which maintains a fixed exchange rate (against the euro).
As of 2023, the central banks of all G7 member countries follow an inflation target.
During the COVID pandemic and its immediate aftermath, the M2 money supply increased at the fastest rate in decades, leading some to link the growth to the 2021-2023 inflation surge.
Venezuela officially the Bolivarian Republic of Venezuela is located on...
New Zealand is an island country located in the southwestern...
Argentina is a country located in the southern half of...
Jerome Powell is an American investment banker and lawyer currently...
The euro is the official currency of the eurozone comprising...
Richard Nixon the th U S president - was a...
14 minutes ago Bret Hart reflects on his WrestleMania 13 match with Stone Cold Steve Austin.
14 minutes ago Witkoff met Israeli officials in Paris ahead of US-Iran nuclear talks.
14 minutes ago Galatasaray Faces Bodrum FK: Lineups Announced, Buruk Anticipates Defensive Strategy
15 minutes ago Tsitsipas Retires Early in Barcelona Open Clash, Fils Advances to Semi-Finals.
15 minutes ago Arthur Fils Impresses in Barcelona, Ready to Face Tsitsipas, Joins Nadal and Alcaraz
1 hour ago Daredevil: Born Again Season 2 Release Date, Finale's Dangerous Path, Shocking Twist.
The Real ID Act of is a US federal law...
Bernard Bernie Sanders is a prominent American politician currently serving...
Michael Jordan also known as MJ is a celebrated American...
Cristiano Ronaldo nicknamed CR is a Portuguese professional footballer widely...
Pamela Jo Bondi is an American attorney lobbyist and politician...
Marco Rubio is an American politician who served as a...