The drop in the UK s Consumer Price Index (CPI) rate is largely the product of the summer s energy price slump, but pressure on household finances still remains high.
What caused Venezuela to succumb to such destructive poverty? Well its inflation rate of over 900 PERCENT and its GDP decrease of 35 percent likely is to blame. Now, 85 percent of Venezuelans live in poverty. And Glenn is worried America may be heading for the same reality.
Moody’s is a major rating entity that’s been following the SVB failure, and it has now downgraded its rating of the entire U.S. banking system from stable to negative. Great. It’s the latest sign, among many others, that what President Biden is telling Americans is far from the truth. Moody’s also i.
The central bank expects inflation to remain above the upper tolerance level of 6 per cent in the first three-quarters of FY23. RBI also expects inflation to come under control from January 2023 onwards.