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Showing results for tags 'inflation.'.
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Here's an article that is of GCR concerns... Inflation is a global issue. The good news...consumers are fighting back. The best way to increase purchasing power & stop inflation... RV the global currencies, end trade wars & currency manipulation. Treat as a rumor. Not verified. Your opine. From Other Sources: Consumers Are Increasingly Pushing Back Against Price Increases & winning. ARTICLE: Inflation has changed the way many Americans shop. Now, those changes in consumer spending habits are helping to bring down inflation. Fed up with prices that remain about 19%, on average, above where they were before the pandemic, consumers are fighting back. In grocery stores, they’re shifting away from name brands to store-brand items, switching to discount stores or simply buying fewer items like snacks or gourmet foods. More Americans are buying used cars, too, rather than new, forcing some dealers to provide discounts on new cars again. But the growing consumer pushback to what critics condemn as price-gouging has been most evident with food as well as with consumer goods like paper towels & napkins. In recent months, consumer resistance has led large food companies to respond by sharply slowing their price increases from the peaks of the past three years. This doesn’t mean grocery prices will fall back to their levels of a few years ago, though with some items, including eggs, apples & milk, prices are below their peaks. But the milder increases in food prices should help further cool overall inflation, which is down sharply from a peak of 9.1% in 2022 to 3.1%. From Other Sources: Public frustration With Prices Is A Hot 2024 Campaign Issue. Blaming Trump For Inflation Incurred Under Biden's Watch No Longer Hacks It Anymore With The Voters. ARTICLE: Public frustration with prices has become a central issue in President Joe Biden’s bid for re-election. Polls show that despite the dramatic decline in inflation, many consumers are unhappy that prices remain so much higher than they were before inflation began accelerating in 2021. Biden has echoed the criticism of many left-leaning economists that corporations jacked up their prices more than was needed to cover their own higher costs, allowing themselves to boost their profits. The WH has also attacked “shrinkflation,” whereby a company, rather than raising the price of a product, instead shrinks the amount inside the package. In a video released on Super Bowl Sunday, Biden denounced shrinkflation as a “rip-off.” Consumer pushback against high prices suggests to many economists that inflation should further ease. That would make this bout of inflation markedly different from the debilitating price spikes of the 1970s & early 1980s, which took longer to defeat. When high inflation persists, consumers often develop an inflationary psychology: Ever-rising prices lead them to accelerate their purchases before costs rise further, a trend that can itself perpetuate inflation. Biden has yet refused to take any responsibility for inflation & continues to shift blame to the former administration or falsely claim inflation is under control or is currently at 0%. -
Here's an article of Dinarian interests... USD speculation blamed for runaway Iraq inflation. Greed & price manipulation by the corrupt are the real causes. Treat as a rumor. Not verified. Your opine. Tlm724 Administrator Bondlady’s Corner: Parliamentary Finance: Speculators Continue To Manipulate The Selling Prices Of Goods & Commodities Under The Pretext Of The Dollar. ARTICLE: The Parliamentary Finance Committee confirmed, on Sunday, that price speculators continue their suspicious trade by manipulating the selling prices of goods & commodities to an exaggerated extent under the pretext of the rise in the price of the Dollar. The head of the committee, Atwan Al-Atwani, said in a statement, a copy of which was received by a news agency, that “despite the government’s keenness to provide all the necessary financial facilities & support to all merchants, the greedy among them & the speculators are still living off crises by maximizing their profits & inflating their coffers, at the expense of their livelihood.” the poor”. He added, “These speculators & profiteers did not give any consideration or respect to the government’s commitment to provide hard currency for their commercial transactions through the official CBI platform, as they continue their suspicious trade by manipulating the selling prices of goods & commodities to an exaggerated extent under the pretext of the high price of the Dollar, even though they import them at the official price.” “. Al-Atwani called on “the government & its regulatory agencies to tighten control over the market, to ensure price stability & to impose the harshest penalties on weak-minded traders, so that they can serve as an example to others.”
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Here's an article of Dinarian interests... Iraq inflation decreases. Could poverty & the lack of jobs have anything to do with it? Who has any money to spend? Treat as a rumor. Not verified. Your opine. Tlm724 Administrator Bondlady’s Corner: Planning Announces The Decline In The Inflation Rate Last July. ARTICLE: The Ministry of Planning announced a decrease in the inflation rate during the month of July, by (0.6%), compared to what it was in the month of June that preceded it. The official spokesman for the ministry, Abdul Zahra Al-Hindawi, said in a statement, a copy of which a news agency received, that “the Central Statistical Organization recorded a decline in the inflation rate during the month of July, by (0.6%), compared to what it was in the month of June that preceded it.” “. He added, “The decrease in the inflation rate was affected by the decrease in the prices of the food & non-alcoholic beverages section, by (0.2%).” He pointed out that the prices of milk, cheese & eggs decreased by (1.6%), while the prices of vegetables decreased by (1.5%), oils & fats decreased by (1.6%), while the prices of fish & non-alcoholic beverages decreased by (0.5%). & (0.4%), respectively. He pointed out that “the sections of tobacco, clothing, shoes, supplies & equipment, health, transportation, education, restaurants & miscellaneous goods & services recorded a slight increase in their prices during the month of July, ranging between (0.1%) and (0.6%), with the exception of the housing section, which recorded an increase by (2.2%). %), while the prices of the entertainment department decreased by (0.1%). Regarding the annual inflation, Al-Hindawi stated that it “increased by (3.5%) in July this year, compared to what it was in the same month of last year 2022.” He explained that “the Central Statistical Organization updated the entire food basket during the month of June, in addition to updating the prices of phones, computers & cars,” noting that “the sample that is being monitored in the markets includes all goods and services, the number of which is (333) goods & services, with an average rate of The monthly expenditure on it is 88% of the total per capita expenditure.
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Here's an article from Dinarland... Iraq economics advisor warn of inflation. Iraq must grow the economy before the RV-RI. Treat as a rumor. Not verified. Your opine. Tlm724 Administrator Bondlady’s Corner: Deleting Zeros & Printing A New Currency Will Raise Inflation. Special|..Economic expert Ahmed Saddam warned today, Thursday, against printing a new currency, pointing out that this will lead to an increase in the level of inflation. Saddam said in an interview with Al-Jarida , that “printing a new currency with no expansion of non-oil commodity production, i.e. the absence of real growth in non-oil domestic product, will lead to raising the level of inflation, meaning the depreciation of the currency against the Dollar & the instability of prices & therefore no. This can be considered a solution that alleviates the monetary crisis in Iraq. He explained, “Resorting to deleting zeros, this option cannot work unless there is stability in the Dollar ER, economic diversification & political stability & these conditions are not available in Iraq at present, meaning that deleting zeros under the current circumstances may be feasible only from a computational point of view.” If there will be ease in transactions in large numbers, no more & this procedure is not feasible if we take into account the costs that the central bank will bear to print a new currency. The Banking System Is Facing Serious Disturbances: Cash Withdrawal Operations Are Expanding! The economic advisor, Ziyad Al-Hashemi, said today, Wednesday, that the operations of withdrawing cash balances from accounts with local banks are among the dangerous signs that indicate a weakness in the level of confidence & concern about the loss of the monetary value of savings in Iraqi banks, which led to the tendency of dealers to withdraw their savings from the Dinar & search for Dollars.. And Al-Hashemi told a news agency that the fever of these withdrawals may expand as a result of the continued rise in ER & the state of turmoil in the banking system remaining unresolved & this will generate a significant decrease in the cash balances with banks & this may eventually lead to the collapse of those banks & the declaration of their bankruptcy.. Al-Hashemi added, “This dangerous scenario reminds us of the collapse of US banks that occurred a few months ago as a result of the widespread & continuous cash withdrawal by dealers & this caused great confusion in the US banking system, which prompted the US Federal Reserve to intervene urgently to save the US banking system.”
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Here's an article of Dinarian interests.... Iraqi Inflation & Corruption Are Top Priority. Treat as a rumor. Not verified. Your opine. Tlm724 Administrator Bondlady’s Corner: Sudanese Consultant Recommends Providing A Climate Of Competition To Reduce Exploitation & Price Speculation. ARTICLE: Today, Sunday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, recommended the need to provide a climate of competition to limit exploitation & price speculation. In an interview followed by Al-Malooma Agency, Saleh said, “In order to ensure competitiveness in the market & reduce liberal chaos in the exchange sector, we must return to the bonds of social market institutions by spreading consumer & production cooperatives that practice competitive price discipline & quality control at the same time.” He added, “Methods of fraud & commercial deception are still causing severe damage to the interests of the public & exploiting them through price speculations & goods & services far from quality control for the sake of illegal gain at the expense of the citizen’s limited income.” Saleh pointed out that “the poor quality of the processed goods, which are supplied from not internationally recognized mills, are not subject to quality or quality control.” He pointed out that “this is the biggest waste in suppressing the competitiveness of the economy & reducing the consumer’s benefit & levels of legal protection in accordance with the accepted national & international standards in trading goods & services within the national market.” Luigi asks...Whats the best way to control Iraq inflation & purchasing power? RV, RV, RV, RV, NOW.
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Here's an article of Dinarian interests.. Overspending on Budget Law will lead to inflation. IMF issues warning of inflation in the IQD. All the more reason why Iraq must RV-RI, now. Treat as a rumor. Not verified. Your opine. Tlm724 Administrator Bondlady’s Corner: IMF Comments On Iraq’s Budget & Re-Warns Of “Inflation” In The Currency. ARTICLE: Today, Monday, the American “Financial Post” newspaper reported a warning that it said was issued by the IMF to the Iraqi government regarding the Budget Law in its current form after its approval after four continuous days of deliberation & political problems between Baghdad & the Kurdistan region of Iraq. A newspaper said, according to what it translated, that “the Iraqi government under the administration of the current Prime Minister, Muhammad Shia’a al-Sudani, passed the” largest budget “in the history of Iraq, amounting to 153 billion US dollars,” explaining that “the IMF issued a warning to the Sudanese on the atheist & the 30th of last May about the government’s spending of such large sums, given the current economic conditions. The newspaper pointed out that the IMF concern is due to fears that large government spending will lead to inflation in the Iraqi currency, the IQD, which in turn leads to a spiral of economic deterioration affecting the future of the country, according to its description. It is noteworthy that Iraq recorded a decline in inflation rates during the month of April, which reached 1%, with the CBI heading towards buying large quantities of gold to support the local economy. For his part, the CBI announced that the country has become in the thirtieth place internationally with the quantities of gold reserves stored.
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Here's an article of Dinarian interests... Iraq takes bold step to control inflation. It would appear Iraq wants to lock in the current official ER for a long time. The official exchange rate is 1,470 IQD to the USD. Treat as a rumor. Not verified. Your opine. Bondlady's Corner via TLM724: ARTICLE: The Council of Ministers Oblige the CBI Governor To Sell Goods & Services According To The Official Exchange Rate Of 1,470 IQD To The USD. The CBI Governor, Mustafa Makhaif, today, called on today, Tuesday, on the mechanism to deal with the banks in Iraq & the problem with inflation in Iraq.
