Inflation intensification has become a global crisis:
Since January 2021, gas prices in the UK have increased the most among major economies, rising by 28.2%.
The cumulative inflation rate in the United States is 23.8%, in the Eurozone it is 23.1%, and in Germany it is 21.2%.
France's cumulative inflation rate reached 15.1%, while Japan's inflation rate during the same period was 12.4%.
On the other hand, due to weak domestic demand and a sluggish real estate market, China's cumulative CPI has only increased by 2.8%.
In short, since January 2021, the purchasing power of consumers in major economies has decreased by 21% to 28%.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Inflation intensification has become a global crisis:
Since January 2021, gas prices in the UK have increased the most among major economies, rising by 28.2%.
The cumulative inflation rate in the United States is 23.8%, in the Eurozone it is 23.1%, and in Germany it is 21.2%.
France's cumulative inflation rate reached 15.1%, while Japan's inflation rate during the same period was 12.4%.
On the other hand, due to weak domestic demand and a sluggish real estate market, China's cumulative CPI has only increased by 2.8%.
In short, since January 2021, the purchasing power of consumers in major economies has decreased by 21% to 28%.