In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time.
When the price level rises, each unit of currency buys fewer goods and services. Consequently, inflation reflects a reduction in the purchasing power per unit of money – a loss of real value in the medium of exchange and unit of account within the economy. A chief measure of price inflation is the inflation rate, the annualized percentage change in a general price index, usually the consumer price index, over time. The opposite of inflation is deflation.
Inflation affects an economy in various positive and negative ways. Negative effects of inflation include an increase in the opportunity cost of holding money, uncertainty over future inflation which may discourage investment and savings, and if inflation were rapid enough, shortages of goods as consumers begin hoarding out of concern that prices will increase in the future. Positive effects include reducing the real burden of public and private debt, keeping nominal interest rates above zero so that central banks can adjust interest rates to stabilize the economy, and reducing unemployment due to nominal wage rigidity.
Rates are a type of property tax system in the United Kingdom, and in places with systems deriving from the British one, the proceeds of which are used to fund local government. Some other countries have taxes with a more or less comparable role, for example France's taxe d'habitation.
Rates by country
Australia
Local government authorities levy annual taxes, which are called council rates or shire rates. The basis on which these charges can be calculated varies from state to state, but is usually based in some way on the value of property. Even within states, individual local government authorities can often choose the specific basis of rates - for example, it may be on the rental value of property (as in Western Australia) or on the unimproved land value (as in New South Wales). These rateable valuations are usually determined by a statutory authority, and are subject to periodic revision.
Canada
Rates are referred to as property taxes in Canada. These taxes are collected primarily by municipal governments on residential, industrial and commercial properties and are their main source of funding.
Rates (Portuguese pronunciation:[ˈʁatɨʃ]) is a Portuguese parish and a former township located in the municipality of Póvoa de Varzim. The population in 2011 was 2,505, in an area of 13.90km². The township has records dating to the 13th century and, still today, it preserves landmarks such as the townsquare and a well-preserved and notable Romanesque temple.
History
Rates is a medieval township that developed around the Monastery of Rates, established by Henry, Count of Portugal in 1100AD on the site of an older temple dating to the 9th century or earlier and with sculpture elements dating to the Roman empire. A Roman road crossed near the monastery.
Rates naming seems pre-Roman in origin. The town gained importance due to the legend of Saint Peter of Rates, mythical first bishop of Braga and martyr while attempting to convert Roman pagans to Christianity, becoming in a central place in the Portuguese Way of Saint James and the local myth was used by Braga archbishops to justify their primacy in Hispania.
How to Calculate the Consumer Price Index (CPI) and Inflation Rate
The guided notes for this video are no longer available, I am sorry for any inconvenience. Thank you for your support.
In this video you will learn about what a CPI is, how to calculate a CPI, and how to find the inflation rate between two years! This video not only goes over the concept but also has practice problems to help you better understand the content.
Follow Mr. Sinn on Twitter! https://twitter.com/MrSinn_Channel
Need help studying for APHG?! Check out this awesome resource created by Mr. Sinn! The Ultimate Review packet goes over every unit and concept that you need to know for AP Human Geography!
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published: 05 Jun 2019
How does raising interest rates control inflation?
When central banks raise interest rates, the impact is felt far and wide. Mortgages become more expensive, house prices might fall and unemployment can rise. So why do central banks do it? This film tells you why.
00:00 - Why should you care about rising interest rates?
00:45 - What are interest rates?
01:36 - What do central banks do?
02:14 - Why do central banks raise interest rates?
03:12 - How do raised interest rates affect consumers?
04:30 - How do raised interest rates affect businesses?
05:20 - What are the risks of raising interest rates?
06:05 - How do interest rates affect inflation?
Sign up to our weekly finance newsletter to keep up to date: https://econ.st/3P3zTG8
Watch our video on whether higher inflation is a cause for concern: https://econ.st/3ttKLnN
Listen to our p...
published: 09 Jun 2022
The countries with the highest inflation rates
Source: Trading Economics, Inflation Rate - By Country
Here's a comparison of inflation rates for every country in the world.
We previously looked at 10 specific countries, but I got a lot of comments asking about inflation rates elsewhere.
The requests I received are highlighted in black, while the nations we previously looked at are in grey.
Generally, we can see that inflation is high across the globe.
Over 95% of countries have inflation over 2%, which is the inflation target for many developed countries.
The USA and the United Kingdom are in the upper middle of the list, which is somewhat unusual as we've seen very low inflation here for years.
58 countries have double digit inflation, meaning the general price level is over 10% higher than it was one year ago.
As we move to...
published: 29 May 2022
What is Inflation?
Economists constantly refer to inflation and tend to suggest it is a Very Bad Thing. But why exactly, where does it come from and what could one do to tame it?
Enjoying our Youtube videos? Get full access to all our audio content, videos, and thousands of thought-provoking articles, conversation cards and more with The School of Life Subscription: https://t.ly/VrucV
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Produced in coll...
published: 03 Aug 2015
Top 10 Countries by Inflation Rate (1980-2018)
This video features the countries with the highest inflation rate in the world since 1980. Many of the countries in this video has had hyperinflation that has a very big impact on the countries ecomomy. Recent examples are Zimbabwe and Venezuela.
Music: https://www.bensound.com/royalty-free-music
Data source: https://www.imf.org/external/datamapper/PCPIPCH@WEO/OEMDC/
published: 19 Mar 2019
Y1 25) Causes of Inflation - Demand Pull and Cost Push Inflation
Causes of Inflation - Demand Pull and Cost Push Inflation. Video covering the two major types and causes of inflation - demand pull and cost push inflation
For Products, Services and Bookings visit https://econplusdal.com
Instagram: https://www.instagram.com/econplusdal
Twitter: https://twitter.com/econplusdal
Facebook: https://www.facebook.com/EconplusDal-1651992015061685/?ref=aymt_homepage_panel
End Music: Relax by Peyruis https://soundcloud.com/peyruis Creative Commons — Attribution 3.0 Unported — CC BY 3.0 http://creativecommons.org/licenses/by/3.0/ Music promoted by Audio Library https://youtu.be/NvCDF7iUgIA
published: 25 Feb 2020
INFLATION, Explained in 6 Minutes
Why Everyone is Worried About Inflation
Go to our sponsor https://betterhelp.com/johnnyharris for 10% off your first month of therapy with BetterHelp and get matched with a therapist who will listen and help.
I'm hearing a lot about inflation lately, so I want to break it down. What it is. Why it happens and it means for all of us. I hope this is helpful!
Thanks to all my macro Econ professors.
- ways to support -
My Patreon: https://www.patreon.com/johnnyharris
Our custom Presets & LUTs: https://store.dftba.com/products/johnny-iz-luts-and-presets
- where to find me -
Instagram: https://www.instagram.com/johnny.harris/
Tiktok: https://www.tiktok.com/@johnny.harris
Facebook: https://www.facebook.com/JohnnyHarrisVox
Iz's (my wife’s) channel: https://www.youtube.com/iz-harris
- how i m...
published: 08 Jun 2022
Inflation Vs Interest Rates Explained
There is a general correlation that says interest rates and inflation has an inverse relationship. Higher interest rates usually decrease the rate of inflation, whereas lower interest rates typically increase the rate of inflation.
In this video we will discuss the logic behind this relationship.
#inflation #interestrate #finance #business
The guided notes for this video are no longer available, I am sorry for any inconvenience. Thank you for your support.
In this video you will learn about what...
The guided notes for this video are no longer available, I am sorry for any inconvenience. Thank you for your support.
In this video you will learn about what a CPI is, how to calculate a CPI, and how to find the inflation rate between two years! This video not only goes over the concept but also has practice problems to help you better understand the content.
Follow Mr. Sinn on Twitter! https://twitter.com/MrSinn_Channel
Need help studying for APHG?! Check out this awesome resource created by Mr. Sinn! The Ultimate Review packet goes over every unit and concept that you need to know for AP Human Geography!
AP Human Geography Ultimate Review Packet: https://www.ultimatereviewpacket.com/courses/human-geo
Subscribe and hit the bell to see a new videos.
Subscribe here ►https://goo.gl/7sNYbR
#MacroEconomics #Econ #Inflation
The guided notes for this video are no longer available, I am sorry for any inconvenience. Thank you for your support.
In this video you will learn about what a CPI is, how to calculate a CPI, and how to find the inflation rate between two years! This video not only goes over the concept but also has practice problems to help you better understand the content.
Follow Mr. Sinn on Twitter! https://twitter.com/MrSinn_Channel
Need help studying for APHG?! Check out this awesome resource created by Mr. Sinn! The Ultimate Review packet goes over every unit and concept that you need to know for AP Human Geography!
AP Human Geography Ultimate Review Packet: https://www.ultimatereviewpacket.com/courses/human-geo
Subscribe and hit the bell to see a new videos.
Subscribe here ►https://goo.gl/7sNYbR
#MacroEconomics #Econ #Inflation
When central banks raise interest rates, the impact is felt far and wide. Mortgages become more expensive, house prices might fall and unemployment can rise. So...
When central banks raise interest rates, the impact is felt far and wide. Mortgages become more expensive, house prices might fall and unemployment can rise. So why do central banks do it? This film tells you why.
00:00 - Why should you care about rising interest rates?
00:45 - What are interest rates?
01:36 - What do central banks do?
02:14 - Why do central banks raise interest rates?
03:12 - How do raised interest rates affect consumers?
04:30 - How do raised interest rates affect businesses?
05:20 - What are the risks of raising interest rates?
06:05 - How do interest rates affect inflation?
Sign up to our weekly finance newsletter to keep up to date: https://econ.st/3P3zTG8
Watch our video on whether higher inflation is a cause for concern: https://econ.st/3ttKLnN
Listen to our podcast on whether interest rates will trigger a recession in America: https://econ.st/3M0x2ef
Why interest rates may rise sharply to fight inflation: https://econ.st/3NghS60
Which housing markets are most at risk? https://econ.st/3z8FeXi
Is Turkish President Erdogan’s monetary policy as mad as it seems? https://econ.st/3t797Du
Why are investors worried about recession in America? https://econ.st/3z51nFX
Do the poor face higher inflation? https://econ.st/3NGON3G
Has the Federal Reserve made a mistake on inflation? https://econ.st/3t5YTDl
When central banks raise interest rates, the impact is felt far and wide. Mortgages become more expensive, house prices might fall and unemployment can rise. So why do central banks do it? This film tells you why.
00:00 - Why should you care about rising interest rates?
00:45 - What are interest rates?
01:36 - What do central banks do?
02:14 - Why do central banks raise interest rates?
03:12 - How do raised interest rates affect consumers?
04:30 - How do raised interest rates affect businesses?
05:20 - What are the risks of raising interest rates?
06:05 - How do interest rates affect inflation?
Sign up to our weekly finance newsletter to keep up to date: https://econ.st/3P3zTG8
Watch our video on whether higher inflation is a cause for concern: https://econ.st/3ttKLnN
Listen to our podcast on whether interest rates will trigger a recession in America: https://econ.st/3M0x2ef
Why interest rates may rise sharply to fight inflation: https://econ.st/3NghS60
Which housing markets are most at risk? https://econ.st/3z8FeXi
Is Turkish President Erdogan’s monetary policy as mad as it seems? https://econ.st/3t797Du
Why are investors worried about recession in America? https://econ.st/3z51nFX
Do the poor face higher inflation? https://econ.st/3NGON3G
Has the Federal Reserve made a mistake on inflation? https://econ.st/3t5YTDl
Source: Trading Economics, Inflation Rate - By Country
Here's a comparison of inflation rates for every country in the world.
We previously looked at 10 spe...
Source: Trading Economics, Inflation Rate - By Country
Here's a comparison of inflation rates for every country in the world.
We previously looked at 10 specific countries, but I got a lot of comments asking about inflation rates elsewhere.
The requests I received are highlighted in black, while the nations we previously looked at are in grey.
Generally, we can see that inflation is high across the globe.
Over 95% of countries have inflation over 2%, which is the inflation target for many developed countries.
The USA and the United Kingdom are in the upper middle of the list, which is somewhat unusual as we've seen very low inflation here for years.
58 countries have double digit inflation, meaning the general price level is over 10% higher than it was one year ago.
As we move to the top of the list, we can see Ukraine and Russia both have prices much higher than last year.
Into the top 20, and the percentages start to rise very quickly.
A potentially surprising one is Turkey at 70% inflation, which we discussed in the previous video, while the list is topped by Venezuela with 222% inflation.
Check out the Shorts playlist for more videos like this!
Subscribe for more videos looking at everything to do with the subject of economics. Put suggestions for video ideas in the comments section below and any feedback offered would be greatly appreciated.
My videos are intended for educational and entertainment purposes. I try to credit the relevant parties for any work that I refer to in my videos (for example, citing relevant academic papers). If you believe a video does not observe good academic practice, please do not hesitate to contact me by email at [email protected]
Source: Trading Economics, Inflation Rate - By Country
Here's a comparison of inflation rates for every country in the world.
We previously looked at 10 specific countries, but I got a lot of comments asking about inflation rates elsewhere.
The requests I received are highlighted in black, while the nations we previously looked at are in grey.
Generally, we can see that inflation is high across the globe.
Over 95% of countries have inflation over 2%, which is the inflation target for many developed countries.
The USA and the United Kingdom are in the upper middle of the list, which is somewhat unusual as we've seen very low inflation here for years.
58 countries have double digit inflation, meaning the general price level is over 10% higher than it was one year ago.
As we move to the top of the list, we can see Ukraine and Russia both have prices much higher than last year.
Into the top 20, and the percentages start to rise very quickly.
A potentially surprising one is Turkey at 70% inflation, which we discussed in the previous video, while the list is topped by Venezuela with 222% inflation.
Check out the Shorts playlist for more videos like this!
Subscribe for more videos looking at everything to do with the subject of economics. Put suggestions for video ideas in the comments section below and any feedback offered would be greatly appreciated.
My videos are intended for educational and entertainment purposes. I try to credit the relevant parties for any work that I refer to in my videos (for example, citing relevant academic papers). If you believe a video does not observe good academic practice, please do not hesitate to contact me by email at [email protected]
Economists constantly refer to inflation and tend to suggest it is a Very Bad Thing. But why exactly, where does it come from and what could one do to tame it?...
Economists constantly refer to inflation and tend to suggest it is a Very Bad Thing. But why exactly, where does it come from and what could one do to tame it?
Enjoying our Youtube videos? Get full access to all our audio content, videos, and thousands of thought-provoking articles, conversation cards and more with The School of Life Subscription: https://t.ly/VrucV
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Brought to you by http://www.theschooloflife.com
Produced in collaboration with Vale Productions
http://www.valeproductions.co.uk
Music
Lanquidity by http://www.purple-planet.com #TheSchoolOfLife
Economists constantly refer to inflation and tend to suggest it is a Very Bad Thing. But why exactly, where does it come from and what could one do to tame it?
Enjoying our Youtube videos? Get full access to all our audio content, videos, and thousands of thought-provoking articles, conversation cards and more with The School of Life Subscription: https://t.ly/VrucV
Be more mindful, present and inspired. Get the best of The School of Life delivered straight to your inbox: https://t.ly/dM6B0
SOCIAL MEDIA
Feel free to follow us at the links below:
Facebook: https://www.facebook.com/theschooloflifelondon/
X: https://twitter.com/TheSchoolOfLife
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CREDITS
Brought to you by http://www.theschooloflife.com
Produced in collaboration with Vale Productions
http://www.valeproductions.co.uk
Music
Lanquidity by http://www.purple-planet.com #TheSchoolOfLife
This video features the countries with the highest inflation rate in the world since 1980. Many of the countries in this video has had hyperinflation that has a...
This video features the countries with the highest inflation rate in the world since 1980. Many of the countries in this video has had hyperinflation that has a very big impact on the countries ecomomy. Recent examples are Zimbabwe and Venezuela.
Music: https://www.bensound.com/royalty-free-music
Data source: https://www.imf.org/external/datamapper/PCPIPCH@WEO/OEMDC/
This video features the countries with the highest inflation rate in the world since 1980. Many of the countries in this video has had hyperinflation that has a very big impact on the countries ecomomy. Recent examples are Zimbabwe and Venezuela.
Music: https://www.bensound.com/royalty-free-music
Data source: https://www.imf.org/external/datamapper/PCPIPCH@WEO/OEMDC/
Causes of Inflation - Demand Pull and Cost Push Inflation. Video covering the two major types and causes of inflation - demand pull and cost push inflation
Fo...
Causes of Inflation - Demand Pull and Cost Push Inflation. Video covering the two major types and causes of inflation - demand pull and cost push inflation
For Products, Services and Bookings visit https://econplusdal.com
Instagram: https://www.instagram.com/econplusdal
Twitter: https://twitter.com/econplusdal
Facebook: https://www.facebook.com/EconplusDal-1651992015061685/?ref=aymt_homepage_panel
End Music: Relax by Peyruis https://soundcloud.com/peyruis Creative Commons — Attribution 3.0 Unported — CC BY 3.0 http://creativecommons.org/licenses/by/3.0/ Music promoted by Audio Library https://youtu.be/NvCDF7iUgIA
Causes of Inflation - Demand Pull and Cost Push Inflation. Video covering the two major types and causes of inflation - demand pull and cost push inflation
For Products, Services and Bookings visit https://econplusdal.com
Instagram: https://www.instagram.com/econplusdal
Twitter: https://twitter.com/econplusdal
Facebook: https://www.facebook.com/EconplusDal-1651992015061685/?ref=aymt_homepage_panel
End Music: Relax by Peyruis https://soundcloud.com/peyruis Creative Commons — Attribution 3.0 Unported — CC BY 3.0 http://creativecommons.org/licenses/by/3.0/ Music promoted by Audio Library https://youtu.be/NvCDF7iUgIA
Why Everyone is Worried About Inflation
Go to our sponsor https://betterhelp.com/johnnyharris for 10% off your first month of therapy with BetterHelp and get m...
Why Everyone is Worried About Inflation
Go to our sponsor https://betterhelp.com/johnnyharris for 10% off your first month of therapy with BetterHelp and get matched with a therapist who will listen and help.
I'm hearing a lot about inflation lately, so I want to break it down. What it is. Why it happens and it means for all of us. I hope this is helpful!
Thanks to all my macro Econ professors.
- ways to support -
My Patreon: https://www.patreon.com/johnnyharris
Our custom Presets & LUTs: https://store.dftba.com/products/johnny-iz-luts-and-presets
- where to find me -
Instagram: https://www.instagram.com/johnny.harris/
Tiktok: https://www.tiktok.com/@johnny.harris
Facebook: https://www.facebook.com/JohnnyHarrisVox
Iz's (my wife’s) channel: https://www.youtube.com/iz-harris
- how i make my videos -
Tom Fox makes my music, work with him here: https://tfbeats.com/
I make maps using this AE Plugin: https://aescripts.com/geolayers/?aff=77
All the gear I use: https://www.izharris.com/gear-guide
- my courses -
Learn a language: https://brighttrip.com/course/language/
Visual storytelling: https://www.brighttrip.com/courses/visual-storytelling
- about -
Johnny Harris is a filmmaker and journalist. He currently is based in Washington, DC, reporting on interesting trends and stories domestically and around the globe. Johnny's visual style blends motion graphics with cinematic videography to create content that explains complex issues in relatable ways. He holds a BA in international relations from Brigham Young University and an MA in international peace and conflict resolution from American University.
- press -
NYTimes: https://www.nytimes.com/2021/11/09/opinion/democrats-blue-states-legislation.html
NYTimes: https://www.nytimes.com/video/opinion/100000007358968/covid-pandemic-us-response.html
Vox Borders: https://www.youtube.com/watch?v=hLrFyjGZ9NU
Finding Founders: https://findingfounders.co/episodes/johnny-harris-2esj3-c3pet-2pg4c-xbtwa-5gaaa
NPR Planet Money: https://www.npr.org/transcripts/1072164745
Why Everyone is Worried About Inflation
Go to our sponsor https://betterhelp.com/johnnyharris for 10% off your first month of therapy with BetterHelp and get matched with a therapist who will listen and help.
I'm hearing a lot about inflation lately, so I want to break it down. What it is. Why it happens and it means for all of us. I hope this is helpful!
Thanks to all my macro Econ professors.
- ways to support -
My Patreon: https://www.patreon.com/johnnyharris
Our custom Presets & LUTs: https://store.dftba.com/products/johnny-iz-luts-and-presets
- where to find me -
Instagram: https://www.instagram.com/johnny.harris/
Tiktok: https://www.tiktok.com/@johnny.harris
Facebook: https://www.facebook.com/JohnnyHarrisVox
Iz's (my wife’s) channel: https://www.youtube.com/iz-harris
- how i make my videos -
Tom Fox makes my music, work with him here: https://tfbeats.com/
I make maps using this AE Plugin: https://aescripts.com/geolayers/?aff=77
All the gear I use: https://www.izharris.com/gear-guide
- my courses -
Learn a language: https://brighttrip.com/course/language/
Visual storytelling: https://www.brighttrip.com/courses/visual-storytelling
- about -
Johnny Harris is a filmmaker and journalist. He currently is based in Washington, DC, reporting on interesting trends and stories domestically and around the globe. Johnny's visual style blends motion graphics with cinematic videography to create content that explains complex issues in relatable ways. He holds a BA in international relations from Brigham Young University and an MA in international peace and conflict resolution from American University.
- press -
NYTimes: https://www.nytimes.com/2021/11/09/opinion/democrats-blue-states-legislation.html
NYTimes: https://www.nytimes.com/video/opinion/100000007358968/covid-pandemic-us-response.html
Vox Borders: https://www.youtube.com/watch?v=hLrFyjGZ9NU
Finding Founders: https://findingfounders.co/episodes/johnny-harris-2esj3-c3pet-2pg4c-xbtwa-5gaaa
NPR Planet Money: https://www.npr.org/transcripts/1072164745
There is a general correlation that says interest rates and inflation has an inverse relationship. Higher interest rates usually decrease the rate of inflation,...
There is a general correlation that says interest rates and inflation has an inverse relationship. Higher interest rates usually decrease the rate of inflation, whereas lower interest rates typically increase the rate of inflation.
In this video we will discuss the logic behind this relationship.
#inflation #interestrate #finance #business
There is a general correlation that says interest rates and inflation has an inverse relationship. Higher interest rates usually decrease the rate of inflation, whereas lower interest rates typically increase the rate of inflation.
In this video we will discuss the logic behind this relationship.
#inflation #interestrate #finance #business
The guided notes for this video are no longer available, I am sorry for any inconvenience. Thank you for your support.
In this video you will learn about what a CPI is, how to calculate a CPI, and how to find the inflation rate between two years! This video not only goes over the concept but also has practice problems to help you better understand the content.
Follow Mr. Sinn on Twitter! https://twitter.com/MrSinn_Channel
Need help studying for APHG?! Check out this awesome resource created by Mr. Sinn! The Ultimate Review packet goes over every unit and concept that you need to know for AP Human Geography!
AP Human Geography Ultimate Review Packet: https://www.ultimatereviewpacket.com/courses/human-geo
Subscribe and hit the bell to see a new videos.
Subscribe here ►https://goo.gl/7sNYbR
#MacroEconomics #Econ #Inflation
When central banks raise interest rates, the impact is felt far and wide. Mortgages become more expensive, house prices might fall and unemployment can rise. So why do central banks do it? This film tells you why.
00:00 - Why should you care about rising interest rates?
00:45 - What are interest rates?
01:36 - What do central banks do?
02:14 - Why do central banks raise interest rates?
03:12 - How do raised interest rates affect consumers?
04:30 - How do raised interest rates affect businesses?
05:20 - What are the risks of raising interest rates?
06:05 - How do interest rates affect inflation?
Sign up to our weekly finance newsletter to keep up to date: https://econ.st/3P3zTG8
Watch our video on whether higher inflation is a cause for concern: https://econ.st/3ttKLnN
Listen to our podcast on whether interest rates will trigger a recession in America: https://econ.st/3M0x2ef
Why interest rates may rise sharply to fight inflation: https://econ.st/3NghS60
Which housing markets are most at risk? https://econ.st/3z8FeXi
Is Turkish President Erdogan’s monetary policy as mad as it seems? https://econ.st/3t797Du
Why are investors worried about recession in America? https://econ.st/3z51nFX
Do the poor face higher inflation? https://econ.st/3NGON3G
Has the Federal Reserve made a mistake on inflation? https://econ.st/3t5YTDl
Source: Trading Economics, Inflation Rate - By Country
Here's a comparison of inflation rates for every country in the world.
We previously looked at 10 specific countries, but I got a lot of comments asking about inflation rates elsewhere.
The requests I received are highlighted in black, while the nations we previously looked at are in grey.
Generally, we can see that inflation is high across the globe.
Over 95% of countries have inflation over 2%, which is the inflation target for many developed countries.
The USA and the United Kingdom are in the upper middle of the list, which is somewhat unusual as we've seen very low inflation here for years.
58 countries have double digit inflation, meaning the general price level is over 10% higher than it was one year ago.
As we move to the top of the list, we can see Ukraine and Russia both have prices much higher than last year.
Into the top 20, and the percentages start to rise very quickly.
A potentially surprising one is Turkey at 70% inflation, which we discussed in the previous video, while the list is topped by Venezuela with 222% inflation.
Check out the Shorts playlist for more videos like this!
Subscribe for more videos looking at everything to do with the subject of economics. Put suggestions for video ideas in the comments section below and any feedback offered would be greatly appreciated.
My videos are intended for educational and entertainment purposes. I try to credit the relevant parties for any work that I refer to in my videos (for example, citing relevant academic papers). If you believe a video does not observe good academic practice, please do not hesitate to contact me by email at [email protected]
Economists constantly refer to inflation and tend to suggest it is a Very Bad Thing. But why exactly, where does it come from and what could one do to tame it?
Enjoying our Youtube videos? Get full access to all our audio content, videos, and thousands of thought-provoking articles, conversation cards and more with The School of Life Subscription: https://t.ly/VrucV
Be more mindful, present and inspired. Get the best of The School of Life delivered straight to your inbox: https://t.ly/dM6B0
SOCIAL MEDIA
Feel free to follow us at the links below:
Facebook: https://www.facebook.com/theschooloflifelondon/
X: https://twitter.com/TheSchoolOfLife
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This video features the countries with the highest inflation rate in the world since 1980. Many of the countries in this video has had hyperinflation that has a very big impact on the countries ecomomy. Recent examples are Zimbabwe and Venezuela.
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Causes of Inflation - Demand Pull and Cost Push Inflation. Video covering the two major types and causes of inflation - demand pull and cost push inflation
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Why Everyone is Worried About Inflation
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I'm hearing a lot about inflation lately, so I want to break it down. What it is. Why it happens and it means for all of us. I hope this is helpful!
Thanks to all my macro Econ professors.
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There is a general correlation that says interest rates and inflation has an inverse relationship. Higher interest rates usually decrease the rate of inflation, whereas lower interest rates typically increase the rate of inflation.
In this video we will discuss the logic behind this relationship.
#inflation #interestrate #finance #business
In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time.
When the price level rises, each unit of currency buys fewer goods and services. Consequently, inflation reflects a reduction in the purchasing power per unit of money – a loss of real value in the medium of exchange and unit of account within the economy. A chief measure of price inflation is the inflation rate, the annualized percentage change in a general price index, usually the consumer price index, over time. The opposite of inflation is deflation.
Inflation affects an economy in various positive and negative ways. Negative effects of inflation include an increase in the opportunity cost of holding money, uncertainty over future inflation which may discourage investment and savings, and if inflation were rapid enough, shortages of goods as consumers begin hoarding out of concern that prices will increase in the future. Positive effects include reducing the real burden of public and private debt, keeping nominal interest rates above zero so that central banks can adjust interest rates to stabilize the economy, and reducing unemployment due to nominal wage rigidity.
Online banks typically offer higher rates than traditional bricks-and-mortar branches, which translate into better returns, giving you a more efficient way to save and reach financial goals ... inflation.
Other factors, though, can also push up longer-term rates, notably expectations for inflation and economic growth ... cut rates, given the economy’s steady growth and the apparent stickiness of inflation.
Other factors, though, can also push up longer-term rates, notably expectations for inflation and economic growth ... given the economy’s steady growth and the apparent stickiness of inflation.
... and the need to closely monitor inflation ... With the Fed closely monitoring economic data, investors should pay attention to key indicators like inflation rates, job reports, and consumer spending.
Stubborn inflation is keeping mortgage rates elevated ... This week, two different reports showed that inflation is still a bit high, calling into question whether the Federal Reserve will lower the federal funds rate in December.
Inflation doesn't always give way in a nice, even process ...Despite interest rate cuts, mortgage rates rise for home buyers ... CPI inflation sparks Fed interest rate cut bets ... Fed officials update interest rate cut outlooks after inflation data.
The central bank has said it needs the trimmed inflation rate to be consistently in its target range of 2-3 per cent before a rate cut would happen ... The underlying inflation rate that the RBA watches was 3.5 per cent.
Dallas — Ongoing economic growth, a solid job market and inflation that remains above the 2% target ...Major aspects of inflation “have returned to rates closer to those consistent with our goals ...
Inflation has cooled since then, to an annual rate of 2.6% in October ... The annual inflation rate had hovered below 3% for years when the pandemic hit ... in an aggressive campaign to tamp down inflation.
Major aspects of inflation “have returned to rates closer to those consistent with our goals We are watching carefully to be sure that they do Inflation is running much closer to our 2% longer-run goal, but it is not there yet,” he said.
But some economists and investors are worried that President-elect Donald Trump's second term could see inflation and interest rates rise again ... to higher inflation, we could see rates go higher.
Major aspects of inflation "have returned to rates closer to those consistent with our goals We are watching carefully to be sure that they do Inflation is running much closer to our 2-percent longer-run goal, but it is not there yet," he said.
economic growth will allow policymakers to decide how fast to lower interest rates ... Even so, this week’s inflation data showed an uptick in both consumer and producer prices, with 12-month rates pulling further away from the Fed directive.
Australianhome borrowers could be waiting until May next year for a rate cut, a major bank says ...Chief economistAlanOster said a May rate cut was now more likely because the Reserve Bank was worried about labour costs keeping inflation high.
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Chatanooga Times Free Press
15 Nov 2024
Chatanooga Times Free Press
15 Nov 2024