Japan’s Record Inflation vs Exchange Rate | Travel Costs Going Up

How inflation and economic policy impact the work of US farmers

 Farming in America has never been so expensive. Soaring energy costs also mean that farmers are losing money hand over fist running tractors and sprayers. Pricier agricultural inputs like fertilizers and chemicals are putting the squeeze on their margins too.

Months ahead of the US midterm elections, President Joe Biden signed the Inflation Reduction Act into law - part of which was aimed at helping farmers weather the current economic crisis and build resiliency into the climate change-sensitive sector.

Cuba: High prices, lines and shortages |

 

In Cuba, the socialist project begun by revolutionary hero and former president Fidel Castro is teetering on the verge of failure. The nation is sinking deeper into crisis, with many people’s daily lives marred by shortages of food, medicine and electricity.

What’s the way out of the global cost of living crisis?

 Many countries are reporting significant increases in the prices of food, housing and fuel.

It is normal for the cost of goods and services to rise steadily over time.

Most economists think it is healthy to have inflation rates at about 2 percent.

But many countries are reporting substantial increases in the prices of food, housing and fuel, in what some observers have called a “cost of living” crisis.

Kabul's markets full of food, but no-one has money

 

The start of a harsh winter is accelerating Afghanistan’s humanitarian crisis. Since the Taliban’s seizure of power, and international sanctions, the economy has gone into freefall.

The collapse of the previous Afghan government and the withdrawal of Western support have led to soaring unemployment. Few can afford to feed their families or heat their homes.

One million children are at risk from severe malnourishment. The United Nations has now issued an urgent call for aid for the country. 

What’s behind the spike in food prices?

 Food prices rose sharply in 2021, reaching highest level in a decade, according to the United Nations.

As many countries pushed to reopen their economies last year after months of lockdowns and tightly controlled borders, economists began to warn of a new looming crisis: the rising cost of food.

The UN food agency says prices jumped 28 percent during the year, reaching their highest level since 2011.

Is higher inflation cause for concern? | The Economist

 

Inflation rates have been rising all over the world, surprising many economists. While the rich world is paying higher prices for durable goods such as cars, in emerging markets soaring food prices are a greater worry.