See how inflation hits economies across the world

Global Business

See how inflation hits economies across the world

In the U.S., Americans are struggling with the highest inflation rate in four decades.

Inflation was up 7 percent in December from a year earlier.

The Euro zone also grappling with high energy prices. Consumer prices in the Euro area rose at a record rate in January, jumping 5.1 percent from a year ago.

China is the only major economy with a lower inflation rate today, than in early 2020. Consumer prices were up just 1.5 percent in December.

Find out more at CGTN’s Global Business Inflation series here.

See how much people spend on Lunar New Year in China and U.S.

Chinese living in the U.S. and foreigners living in China celebrated the advent of the Year of the Tiger in a big way.

While merrymakers were hampered by the pandemic and inflation in the U.S., foreigners in China felt less of an impact from the two.

CGTN’s Mark Niu reports from San Francisco and Michelle Van Den Bergh reports from Beijing.

The impact of inflation on small businesses in the U.S.

The continued rise in inflation in the United States has had an impact on most people.

That is especially true of small businesses owners, who are dealing with rising costs and even tighter margins.

CGTN’s Caroline Malone talks to a collaborative in Washington, D.C., where a community of product owners are helping each other.

See how inflation affects food bank in the U.S.

The highly anticipated U.S. consumer price index numbers for January are due out on Thursday. 

The month before, in December, the annual inflation reached seven percent, the highest in 40 years.

Higher food prices continue to make life difficult for many Americans, along with the food banks that help feed them.

CGTN’s Hendrik Sybrandy reports.

Rising costs draw historical parallels in the U.S.

An entire generation of young people who’ve never experienced inflation is learning what steep price rises mean.

Prices in the U.S. rose by seven percent last year after decades when stable prices meant the danger of inflation was largely forgotten.

This inflation cycle is drawing plenty of comparisons with two previous episodes, but which is more accurate? CGTN’s Owen Fairclough reports.