Retail inflation is back above the danger zone of 6% in May. Wholesale prices are up nearly 13%. Prices are shooting up at a time when people are losing jobs, and taking pay cuts.
Retail inflation is back above the danger zone of 6% in May. Wholesale prices are up nearly 13%. Prices are shooting up at a time when people are losing jobs, and taking pay cuts. Input prices are also rising, which will affect corporate profits. This is a vicious cycle that is difficult to escape.