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Are price rises slowing?
With inflation in the US slightly slowing, we look at new inflation figures in other major economies, including China and India – and the various tactics to deal with it.
New figures show that inflation in the US – the world’s largest economy - is on the way down. The latest figures showed a slight fall to 6.5%, down from 7.5% the previous month. Rising prices have been the bugbear of the post-Covid global economy, with central banks moving to raise interest rates to try to deal with it, resulting in a struggle for those whose incomes are no longer enough to cover their food or energy costs.
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World Business Report
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