Will Inflation (on Truflation) be higher than 2.47% on 2023-10-12?
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resolved Oct 12
Resolved
NO

I will check https://truflation.com/ and check the inflation rate as measured on 2023-10-12 at 12:00 AM UTC.

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A number of ongoing issues that can flare up inflation4;

  1. Cost-Push Inflation: There's an expected spike in energy prices or raw materials, and this is passed onto consumers in the form of higher prices.

  2. Supply Chain Disruptions: Disruptions in global supply chains, as seen during events like the COVID-19 pandemic, and currently the neighbouring wars cause shortages of certain goods and services, leading to price increases.

  3. Expectations: Consumers and businesses expect prices to rise in the future, they may adjust their behaviour accordingly, leading to higher inflation.

  4. Exchange Rates: Currency depreciation across the global makes imports more expensive, contributing to higher inflation, especially in economies heavily reliant on imported goods.

  5. Government Policies: Government actions, such as changes in taxation, subsidies or regulations, are always changing and this affects the overall price level in the economy.