1.2 Billion People Live Under Double-Digit Inflation, ‘Many Have Found Escape...
While central banks are focusing on creating more stimulus and economists expect inflation in the U.S. to rise, a number of other countries are suffering from considerable inflation right now. On Monday, the chief strategy officer for the Human Rights Foundation, Alex Gladstein, explained that 1.2 billion global citizens are living under inflation rates as high as two to three-digits. Inflation: The Silent Killer of an Individual’s Purchasing Power During the last week, a number of analysts and economists have been discussing the possible inflation rise coming to the U.S., mostly....
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At 10.1% inflation, the United Kingdom joins 2 billion people around the world suffering as price rises erode people's purchasing power. The inflation rate in the United Kingdom reached 10.1%, according to the Office for National Statistics (ONS). The Consumer Prices Index (CPI) rose by 10.1% in the 12 months to July 2022. It's a significant leap from 9.4% in June.The ONS stated that housing and household services, including fuel and transport (fuel again), food and beverages are to blame for the surge in prices.The price at the pump in the United Kingdom currently stands at roughly £1.72....
Following the Covid-19 pandemic, the massive amount of stimulus, and amid the Ukraine-Russia war, Germany’s inflation has soared. Official data from Germany’s consumer price index (CPI) indicates that inflation jumped to a 10.9% annual pace in September and it’s the first time since the end of World War II that Germany has dealt with double-digit inflation.
German Inflation Skyrockets Tapping Double-Digits in September
All across the world, inflation rates have risen a great deal. Many economists believe that the energy crisis in Europe that is tied to the....
Filecoin has been recording gains even amid the retracement that has been happening in the market. The token has not only been one of the few to be in the green over the past day, but it has also seen double-digit growth during this time. This raises the question of why a token that usually […]
During the last week, a large quantity of popular crypto assets have consolidated and have even seen some slight losses during the last seven days. However, there’s a slew of crypto coins that have seen significant double-digit gains during the last 24 hours.
Ecash, Tezos, Arweave, Bitcoin Gold Jump
The lion’s share of crypto coins in the crypto economy have seen double-digit gains during the last month but over the last week, there’s been some consolidation for a great number of the usual market leaders.
For instance, over the last day, both....
Many contributing factors have led to a rise in inflation, which bitcoin offers an escape from.