Word: inflationitis
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Reducing the size of products as a way of increasing prices is not new. Frito-Lay cut the amount of chips in their bags and Poland Springs reduced its water cooler jugs from 6 to 5 gallons years ago, all while keeping prices the same. Still, says Chris Waldrop, director...
Under the watchful eye of the regime's security services, Zimbabweans Friday voted in a single-candidate presidential "runoff" that will almost certainly extend Robert Mugabe's rule until 2014. Despite reports of a low turnout, the decision by opposition leader Morgan Tsvangirai to withdraw last Sunday makes Mugabe's...
There are few more strife-torn countries than Zimbabwe under Robert Mugabe. Inflation has soared past 100,000%; as many as 8 in 10 are unemployed; and in the lead-up to a June 27 runoff election, Mugabe loyalists violently attacked opposition figures, while the 84-year-old President vowed...
Yet the facts show that my hypothesis is completely wrong: Visits to online shopping sites are up compared to the previous year. Perhaps the increase could be explained by consumer price sensitivity. In the same University of Michigan Consumer Index report, consumers expect an inflation rate of 5.6% over the...
As a major agricultural producer, Vietnam is aware of the government subsidies paid to European and American farmers and how this might contribute to food price inflation. Is this one of the things you'll be talking about in Washington?