At Least Four Reasons to Learn Economics
There are many reasons to learn economics, preferably in formal courses and preferably at an age where learning new things is easy. I count at least four. The first reason is that economics is essential to understand the social universe. Basic economics is necessary to understand how prices are determined by supply and demand, if […]
UK mortgage costs rise to highest proportion of income since financial crisis
UK mortgage payments have risen to their highest level since the 2008 financial crisis, hitting homeowners’ budgets and making it harder for Britons to buy a first property, according to the mortgage provider Nationwide. First-time buyer mortgage payments represented 39 per cent of take-home pay in the final quarter of 2022, up from 33 per […]
AIER’s Everyday Price Index Falls for the Fifth Time in Six Months
AIER’s Everyday Price fell 1.3 percent in December following a decline of 0.2 percent in November. December was the fifth decline in the last six months. The Everyday Price Index is up 7.3 percent from a year ago, the slowest since September 2021. Food and home utilities were the top contributors to the rise in […]
Prices fell 0.1% reflecting a slowdown for inflation
Inflation closed out 2022 in a modest retreat, with consumer prices in December posting their biggest monthly decline since early in the pandemic, the Labor Department reported Thursday. The consumer price index, which measures the cost of a broad basket of goods and services, fell 0.1% for the month, in line with the Dow Jones […]
Time for the Fed to declare victory on inflation? Not yet
A man pumps gas at a gas station in the Brooklyn borough of New York, the United States, Dec. 13, 2022. Michael Nagle | Xinhua News Agency | Getty Images December’s monthly decline in the consumer price index gets the Federal Reserve a step closer to beating inflation, though they’re highly unlikely to signal an […]
