Money

Why will consumer prices keep rising?

Published

2 years ago

June 14, 2022

Stocks right around the world continue to tumble, as concerns grow for rising consumer prices

Investors are selling off shares in Asia, Europe and the U.S. all over fears these ongoing issues will trigger an economic downturn.

America’s S&P 500 slid 20 percent from its most recent January high, which is seen as a slowdown warning.

Meanwhile, U.S. inflation is soared to a higher level than predicted for May, with the annual rate rising to 8.6 per cent.

As crypto and oil also fell, the recent market figures dashed any hopes price pressures are easing.

However, despite recent interest rate hikes, it’s expected the U.S. Central Bank will now need to act more aggressively to curb inflation.

Investors also anticipate similar inflationary measures will be taken in other key nations, including the Bank of England.

As it stands, the current economic conditions risk triggering a global economic downturn.

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William Howard

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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The mounting pressure on Government spends

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