THE PROBLEM:

Inflation at an All Time High

BLS figures for October 2022. Inflation is slightly on the decrease since.

6.3% CORE INFLATION

This is the Inflation Rate calculated by leaving out the widely variable food and energy sector prices.

5.9%

Inflation Expectations

Expected Inflation Rate for the month based on economic factors.

7.7%

8%

Inflation Rate

Inflation Rate is the ratio between the Customer Price Index for a month and one for last month. Thus the rate shows percent increase in prices from month before.

Producer Prices

This is the Inflation Rate by comparing Producer Prices Index for two months to reflect inflation for business and industrial costs.

17.6%

Housing

10.9%

7.2%

Energy Services

6.9%

Inflation has been constantly on the rise since the past few decades. However, ever since the pandemic gripped the whole world in full force in early 2020, inflation figures quadrupled over the last two years. At some places globally, there was extreme inflation, such as pushing 50% in Turkey. In USA, inflation reached a 40-year high in July 2022 (when it was at 9.9%).

The figures above are from the Bureau of Labor Statistics and come from the last detailed report in November, quoting figures for the month of October 2022.

Economics expert are explaining this extreme inflation via regular market forces. However, our infographic survey takes a deep dive into the picture to delineate the role of corporate greed in the masses’ economic difficulties this year.