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Inflation

Times A Wastin

Is a new publication Edited by Arthur Bough. It aims to provide an insight on current events from a Marxist perspective. The name comes from the title of a Northern Soul favourite of the editor from the early 1970’s, by The Fuller Brothers, and sums up the fact of much to do.

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Inflation

Boffy in Times A Wastin

May 23

UK Nominal Wages Rise 6% Year on Year

UK nominal, or money wages have risen 6% year on year. Although that figure is the same as the previous month, it comes at a time when consumer prices are rising at a slower rate, as the effects of monetary tightening by central banks take effect. On that basis…

Boffy in Times A Wastin

Aug 16, 2023

Imperialism, Inflation and Russian Energy Supplies

I recently noted that the argument that the imperialist sanctions and boycotts of Russian energy was a primary cause of inflation, was false. I have also, however, noted, consistently, that those same sanctions and boycotts, did result in…

Boffy in Times A Wastin

Jul 21, 2023

Tories Say No Money For Wages But Give £500 Million To Tata

The Tories continue to claim that there is no money to enable them to avoid cutting the real wages of public sector workers, as UK CPI continues to rise at 7.9%, RPI rises at 10.7%, and food prices rise at 17.3%, on the year…

Boffy in Times A Wastin

Jul 1, 2023

Inflation Stays High, Rates of Profit and Interest Rise, Wages Rise

Boffy in Times A Wastin

Feb 3, 2023

Japanese Inflation Hits 4%

For years, Japan has had near zero or even below zero increases in its consumer prices. Like every other country…

Boffy in Times A Wastin

Feb 3, 2023

Inflation Stays High — Part 3 (3) UK & EU

UK headline CPI on Wednesday, came in at 10.5%, for December, as against 10.7% in November, with the core figure being 6.3% as against 6.3%. The latter was above consensus forecasts of 6.2%. RPI came in at 13.4%, as against 14%, and forecasts of 13.6%…

Boffy in Times A Wastin

Feb 3, 2023

Inflation Stays High — Part 2(3) United States

Whilst the annual figure for the US came in at 6.5% for headline, and 5.7% for…

Boffy in Times A Wastin

Feb 3, 2023

Inflation Stays High — Part 1 (3) Introduction

The latest data for the US, UK and EU, shows that, inflation stays high. The hype is that inflation is falling — which, of course, does not mean that prices are falling — but, inflation, like all economic phenomena, never moves relentlessly in one…

Boffy in Times A Wastin

Feb 3, 2023

Predictions For 2023 — Prediction 3 — China Opens, Booms and Busts

For the last year, I have been saying that, eventually, the Chinese Stalinists would be forced to drop their ridiculous zero-Covid façade, and end the lockdowns. There was no scientific, epidemiological basis for…

Boffy in Times A Wastin

Feb 3, 2023

Predictions For 2023 — Prediction 1 Inflation Does Not Go Away

Many central banks are predicting that inflation falls significantly in 2023, such that, by 2024, it will be back down to their target 2% levels, with some, even, predicting deflation at the end of that process. These are…