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Hyperinflation occurs when prices rise massively, sometimes considered to be at a rate of around 50 percent each month. Think: 1920s Germany or the current economies of Venezuela or Zimbabwe.
The Bureau of Labor Statistics reported that 12-month price growth accelerated from 3.2% in February to 3.5% in March, matching consensus forecasts among economists. Excluding food and energy ...
The list price of more than 700 prescription drugs is increasing at the start of this year by an average of around 4.5%. Included in this is a 3.5% increase in the price of Ozempic and a 4.5% ...
Energy prices continued to rise in April, buoyed by higher gas prices. The index jumped another 1.1% last month, matching March's increase. On a yearly basis, the index climbed 2.6%.
In economics, inflation is a general increase in the prices of goods and services in an economy. This is usually measured using the consumer price index (CPI). When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.
The cost of Mounjaro rose 4.5% to almost $1,070 a month. The Journal reported that Novo Nordisk said its list-price increases in the United States haven’t reached above single-digit percentages ...
1904 cartoon warning attendees of the St. Louis World's Fair of hotel room price gouging. Price gouging is the practice of increasing the prices of goods, services, or commodities to a level much higher than is considered reasonable or fair. [who?] Usually, this event occurs after a demand or supply shock.
e. The general price level is a hypothetical measure of overall prices for some set of goods and services (the consumer basket ), in an economy or monetary union during a given interval (generally one day), normalized relative to some base set. Typically, the general price level is approximated with a daily price index, normally the Daily CPI.