What is the Consumer Price Index and why is it important? Based on CPI data across its member countries, the Organisation for Economic Co-operation and Development (OECD) recorded a 10 2% jump in consumer prices in July 2022 compared with a year earlier It marked the first decline in inflation since November 2020 (the June figure was 10 3%), but 15 member states still recorded double-digit inflation
Skill inflation: What is it and how to avoid its pitfalls | World . . . CPI = consumer price index of obtaining education, skills, and tenure in the current previous period The most common index and indicator of inflation is the Consumer Price Index (CPI) – a measurement of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services
What will happen to the global economy in 2024? | World Economic Forum The global economy is expected to remain uncertain throughout 2024 The World Economic Forum’s latest Chief Economists Outlook finds that just over half of chief economists anticipate the global economy to weaken this year