Global Inflation Crisis Coverage
Unless you have been living in a cave and feeding off wild grass and animals, you might have been hearing more of these two words recently - Oil and Inflation.
What we have been witnessing (or in fact experiencing) for the past few months, since the start of October 2007 to now, June 2008, is this decade’s worst inflation. In US, consumer price index has been rising on an average of 4% (month-on-month basis). What is more worrying is that the current situation is not inflation due to economic growth, but a myriad of factors involving a combination of several conditions which has led to today’s crisis.
One of the major factors is Oil. More »
Tags: economics, energy crisis, global inflation crisis, inflation, oil prices, opec, price hike, US