Inflation Around the World

[phkrause]

Inflation in Argentina leaves families struggling to feed themselves

Consumer prices in Argentina soared 8.4% in April from the previous month, while food prices increased 10.1%, the INDEC said Friday.

https://apnews.com/article/argentina-inflation-food-hunger-7a104e84c30fc6f33ff7363c1856a1a0?

[phkrause]

Europe’s interest rates to stay high as long as needed to defeat inflation, central bank chief says

FRANKFURT, Germany (AP) — European Central Bank President Christine Lagarde warned Tuesday that inflation is holding its grip on the economy and underlined that the bank intends to raise rates high enough to “break this persistence.”

https://apnews.com/article/european-central-bank-interest-rate-hikes-inflation-1641fd1f74c83524d5528c7d2ec061f1?

[phkrause]

Bank of England hints that UK borrowing rates will stay high after its new hike

LONDON (AP) — The Bank of England raised its main interest rate Thursday to a fresh 15-year high and indicated it would stay high for some time to bring down persistently high inflation — another potential blow for those seeing their rents and mortgages rise during a cost-of-living crisis.

https://apnews.com/article/bank-of-england-interest-rates-inflation-4bb63cad5f2287d9cc005af12ac281a0?

[phkrause]

The pressures facing the German economy

High inflation, a weaker manufacturing sector and slowing exports to China are impacting the German economy. Here's what else: A transition is taking place in the country’s auto industry. Hear from our CEO for Germany and Austria on the future of the markets and more. Listen now.

[phkrause]

Recession has struck some of the world’s top economies. The US keeps defying expectations

NEW YORK (AP) — As some of the world’s biggest economies stumble into recession, the United States keeps chugging along.

https://apnews.com/article/recession-japan-united-kingdom-economy-consumer-spending-31e145cfe5168e10eaecb0614fcc8458?