inflation

Matthew Alexander explains why the leadership debate about how to address cost-of-living rises and housing affordability is cynical, at best.

 

Workers are being told that a pay rise to match inflation will hurt the economy and “fuel” inflation. William Briggs takes issue with those arguments.

Cost-of-living pressures and the economy are critical issues in most election campaigns, and they certainly are in this one, argues William Briggs.

The big shift in wealth from non-owners of residential property to owners continues. Renfrey Clarke argues the federal government’s efforts to inflate its way out of the COVID-19 economic slump have made upward pressures on housing prices extreme.

Three weeks have passed since the fall of Kabul. If one dares to go outside, then all you see is the Taliban — with their guns roaming around — very few women can be seen outside, writes Yasmeen Afghan.

The Australian economy is set for a significant slowdown in response to the COVID-19 shutdown, with the jobless rate expected to climb to 10%. The question, asks Graham Matthews, is who will pay? 

In recent weeks, local and international media have attacked the left-wing Venezuelan government over alleged “economic woes”. Pointing to Venezuela’s inflation rate — the highest in Latin America — and an economy that shrank 3.3% last year, the private opposition media is raising fears of a serious economic crisis. These same media outlets, which have been predicting the fall of President Hugo Chavez for years, argue recent government actions will worsen the situation. Venezuelan business federation Fedecamaras warned on May 5 that Venezuela faces an “economic and social crisis”.
In further moves to strengthen the state’s role in the economy, Venezuelan President Chavez announced on May 11 the creation of a publicly owned import-export company as part of a broader plan to combat “the hegemony of the bourgeoisie”, speculation and inflation. Despite price controls and a fixed exchange rate, inflation reached 25.1% in 2009 — the highest in Latin America. Central bank figures reported inflation climbed 5.2% in April (double that of March), bringing accumulated inflation for 2010 up to 11.3%.
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