Skip to main content

Top 5 Facts About Inflation In 2022 That You Must Know

 Inflation is a loss of purchasing power over time. The world is currently struggling due to rising inflation. Read this article to know about 5 facts about Inflation in 2022.

Top 5 facts about inflation in 2022 

The annual rate of inflation worldwide

The annual rate of inflation worldwide, as measured by the consumer price index (CPI), accelerated to 9.2 percent in March 2022, the worst rate in any 12‑month period since the beginning of the series in January 2019. The cost of food has climbed at double-digit percentage rates.

Russia-Ukraine crisis

The inflation has been exacerbated worldwide by the Russian invasion of Ukraine. The cost of Russian energy and Ukrainian grain is also dramatically spiking. The war has sent energy prices soaring across the world. The world was recovering from a downturn caused by the Omicron variant of the Covid-19. However, the war affected the recovery of the economy.

The United States Consumer Price Index grew at an 8.5% annual rate in March

The US Consumer Price Index grew at an 8.5% annual rate in March, the worst rate since December 1981. Consumer prices for food and energy rose 6.5 percent for the year ended March 2022. The cost of staples like beef and eggs increased rapidly. 

Highest inflation rates

According to Bloomberg, Turkey and Argentina have recorded the highest inflation rates among the Group of 20 nations. Turkey's inflation rate soared to almost 70 percent in April. Argentina experienced annual inflation of 50.9 percent in 2021.

Rising inflation and stock market

Rising inflation affects the stock market. Value stocks perform better in high inflation periods and growth stocks perform better when inflation is low. Inflation can also increase the costs of materials and labor.

These are the top 5 facts about inflation in 2022. What do you think about rising inflation? Share your answer in the comment section below.


Labels:

Comments

Post a Comment

Popular posts from this blog

Bangladesh Military Expresses Discontent Over Chinese Weapons; Reports 'Sub-Standard' and Faulty Parts

  Bangladesh, a traditional buyer of Chinese military equipment, has raised grievances with Beijing regarding the delivery of defective components and technical malfunctions in its imported military hardware. This issue is not unique to Bangladesh, as other nations like Myanmar have also encountered problems with Chinese fighter jets, according to an ET report. Experts in the Chinese defense industry argue that Beijing lacks the expertise to manufacture highly sophisticated military hardware and is not yet considered a top-tier producer of modern defense equipment. They claim that much of China's weapon systems are based on outdated technology copied from the West. Developing countries often opt for Chinese weapons due to their lower cost compared to similar systems from Western countries. China sells arms through state-run export organizations like the Aviation Industry Corporation of China (AVIC), NORINCO, and CVIC. Sources familiar with the matter told ET that the Bangladesh mil...
Post a Comment
Read more

India raises concern over North Korea missile tests at UNSC, 2nd time in weeks

 As the United Nations Security Council (UNSC) met for the second time in a month over the missile tests in North Korea, India yet again raised concerns over the impact on peace and security in the region. New Delhi has also reiterated its support for the denuclearisation in the Korean peninsula, underlining that it is “in collective interest” while also stressing that “dialogue and diplomacy” are preferred means to resolve the issue. The latest intercontinental ballistic missile (ICBM) test by the DPRK (Democratic People's Republic of Korea) has again sparked tensions between nations with the United States and its allies calling for the country to limit its programs even as Russia and China back Pyongyang amid the likelihood of new sanctions. In the latest UNSC meeting, the United States, Britain, France, and India were among 14 nations to "strongly condemn" the latest North Korea launch on Friday, which was reported to have landed about 125 miles (200 kilometers) from ...
Post a Comment
Read more

North Korea Celebrates 'New Era of a Space Power' after Satellite Launch

  In a significant development, North Korea recently celebrated what it termed a 'new era of a space power' following the successful launch of a satellite. The reclusive nation's space endeavors have long been a source of international concern and scrutiny, raising questions about its technological capabilities and intentions. This latest achievement has reignited debates and speculation about North Korea's space ambitions. The satellite launch, conducted by North Korea's space agency, comes amid a backdrop of geopolitical tensions and global attention on the Korean Peninsula. The state media hailed the event as a major milestone, highlighting the successful deployment of the satellite into orbit. However, it is important to note that the international community remains skeptical, with concerns over the dual-use nature of space technology that could potentially be applied to ballistic missile systems. North Korea's pursuit of space capabilities has been a conten...
Post a Comment
Read more