Economic insight
Russia’s War Drives Price
The Ukraine invasion increased costs which pivots to consumers, who have less disposable income
The Ukraine invasion increased costs which pivots to consumers, who have less disposable income
Gas and electricity prices made the largest upward contribution to the change in CPI annual inflation rates. Inflation is not bound to drop!
Millennials have become the largest generation but baby boomers capture the largest share of wealth.
50-88% of the costs associated with non-tariff barriers have been passed onto consumers, raising food prices by +6%