inflation

Scepticism as Venezuela chops five zeros off currency to curb hyperinflation

Scepticism as Venezuela chops five zeros off currency to curb hyperinflation

By Alix Culbertson, news reporter President Nicolas Maduro prints a new currency in an attempt to curb hyperinflation, which is forecast to reach 1,000,000%. Venezuela is facing its first day of trading after the president removed five zeros from the crippled bolivar – by printing a new currency. Socialist President Nicolas Maduro rolled out his […]

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As the global economy picks up, inflation is oddly quiescent

As the global economy picks up, inflation is oddly quiescent

A FEW years ago, the news about the euro-zone economy was uniformly bad to the point of tedium. These days, it is the humdrum diet of benign data that prompts a yawn. Figures this week show that GDP rose by 0.6% in the three months to the end of September (an annualised rate of 2.4%). […]

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