"Republicans say President Biden’s spending plans will keep inflation rising, but the White House says the proposals could help tame costs."

"Inflation has been on the rise for the past year and in the last few months it has accelerated. In June 2021, inflation, measured by the Consumer Price Index (CPI), hit the highest level since 2008."

"Inflation expectations, an important signal of future inflation, have begun to ease in the past month, a development that should reassure the Federal Reserve in its prediction that the recent inflation surge will prove largely temporary."

"Italy’s have the furthest to fall. And it is coming into the fold."

"Depending on whom you ask, inflation is either around 17% or 40%."

Food price inflation, especially for tortillas, is straining household budgets in Mexico with the poor bearing the brunt because it eats up a bigger slice of their _...Read More_

"Senate Finance Committee member tells 'Your World' his biggest concerns as consumer prices spike"

"Much of the jump in inflation from 1.1% to 3.8% is transient, and the lockdown in NSW will suppress what’s left. But even if you still fear inflation, there are things you can do."

"The past few days have had a hint of the late 1970s about them. A shortage of lorry drivers has led to fears of food shortages. Nurses are thinking about taking industrial action over pay. The Bank of England has been fretting about rising _...Read More_

>"The U.S. economy is expected to post another roaring growth spurt in the second quarter, before a slow and steady dose of reality _...Read More_

"Larry Summers and others have been sounding the alarm over inflation. But are fears overblown?"

"Jan Vlieghe says Threadneedle Street should be cautious about raising interest rates to counter inflation"

"If productivity had grown at its historical level since 2007, my calculations show GDP would be nearly $5 trillion higher than it is today."

Important point: “​​The inflation upticks aren’t temporary and were predictable, driven by an extraordinary explosion in the money supply”