Wages, prices and profit – turning down

The inflation rate for consumer prices in the US has clearly peaked and is falling steadily.  The latest figure for year-on-year inflation in December was 6.4%, down from a peak of 9.0% last summer.  Core inflation (which excludes prices for food and energy) has also peaked but not by nearly as much.  That’s because it […]

Wages, prices and profit – turning down

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