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The Inflation Surge

Learn about the recent surge in inflation with a focus on rising costs, oil prices, food inflation, currency fluctuations, and global trends affecting economies. Gain insights into the implications and strategies to navigate through inflationary pressures.

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The Inflation Surge

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  1. The Inflation Surge Tutor2u May 2008

  2. The inflation surge • Annual CPI inflation jumped to 3.0% in April (2.5% in March) • Rise in inflation for both goods and services • Very steep increase in producer input costs • Now showing through in producer prices • Severe cost push inflationary pressures • Rising oil prices (now > $127 per barrel) • Food price inflation (agflation) • Falling pound against the Euro • Rising inflation in China and other emerging countries

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