சீனா சமூகம் ஆஃப் உலகம் பொருளாதாரம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Jun 27, 2021 BEIJING – Recent price increases in the world’s two largest economies have unnerved global markets, which have become accustomed to the low inflation and even deflation that has prevailed for decades. But, at least in China, a little inflation would not be a bad thing. In the United States, massive government spending during the COVID-19 crisis has raised fears of a financial reckoning, and recent price data are reinforcing these concerns. The consumer price index (CPI) surged by 4.2% year on year in April the fastest growth since 2008. Moreover, the monthly increase accelerated to 0.8% in April, from 0.6% in March, although the rate fell back to 0.6% in May. The producer price index (PPI) has also risen, to 217.5 in April, up from 185.5 a year earlier.

United statesJerome powellYu yongdingMonetary policy committee of the people bankInstitute of world economicsChinese academy of social sciencesChina society of world economicsFed chair jerome powellChina societyWorld economicsChinese academySocial sciencesMonetary policy committeeProject syndicateGlobal economyFederal reserve