Conclusion for inflation essay


Meatpackers this past week paid the highest cash prices on record for live, slaughter-ready cattle in the major producing states of Kansas, Nebraska and Texas. That led traders to bid up futures prices, which already had been rising as retailers increased beef purchases for the holidays and the meat industry grappled with tight cattle supplies after prolonged drought in parts of the . Great Plains.

Analysts said the higher cattle prices likely will be passed along to . consumers in the next few months. That would boost fresh-beef prices at retail that surged to a record $ a pound in November, according to the . Department of Agriculture, a 26% increase over five years ago."

  • Deflation: a fall in the general price level.
  • Disinflation: a decrease in the rate of inflation.
  • Hyperinflation: an out-of-control inflationary spiral.
  • Stagflation: a combination of inflation, slow economic growth and high unemployment.
  • Reflation: an attempt to raise the general level of prices to counteract deflationary pressures.
  • Depression: a severe and prolonged recession characterized by inefficient economic productivity, high unemployment and falling price levels.

The Pollyannas on Wall Street like to play games with the CPI, too. The concept of looking at the "core" rate of inflation-net of food and energy-was developed as a way of removing short-term (as in a month or two) volatility from inflation when energy and/or food prices turned volatile. Since food and energy account for about 23% of consumer spending (as weighted in the CPI), however, related inflation cannot be ignored for long. Nonetheless, it is common to hear financial pundits cite annual "core" inflation as a way of showing how contained inflation is. Such comments are moronic and such commentators are due the appropriate respect.

Over the past decade or so, inflation has remained quite low, below 2% on an annual basis in much of the developed world. However, when inflation surged to double-digit levels in the mid- to late-1970’s, Americans declared it public enemy . Public anxiety over inflation has since abated, but people still remain wary of rising prices, even at the minimal levels we've seen over the past few years. Although it's become common knowledge that prices go up over time, most people doesn't understand the forces behind inflation, who benefits and who loses from inflation, and what can be done to protect yourself from the economic harm it might cause you.

Conclusion for inflation essay

conclusion for inflation essay

Over the past decade or so, inflation has remained quite low, below 2% on an annual basis in much of the developed world. However, when inflation surged to double-digit levels in the mid- to late-1970’s, Americans declared it public enemy . Public anxiety over inflation has since abated, but people still remain wary of rising prices, even at the minimal levels we've seen over the past few years. Although it's become common knowledge that prices go up over time, most people doesn't understand the forces behind inflation, who benefits and who loses from inflation, and what can be done to protect yourself from the economic harm it might cause you.

Media:

conclusion for inflation essayconclusion for inflation essayconclusion for inflation essayconclusion for inflation essay