inflationary pressure

“Our independent grocers, already operating on extremely thin margins, are hurting from the same inflationary pressure points as their customers,” NGA president and CEO Greg Ferrara said.

However, the underlying inflationary pressure continued to decrease slightly.”

Having aggressively raised interest rates after prices soared following pandemic lockdowns and the turmoil in energy markets after Russia’s invasion of Ukraine, central bankers are trying to determine how much inflationary pressure is left in the economy and how soon they can cut interest rates.

They have “not only enriched global supply and eased global inflationary pressure, but also made an important contribution to the global response to climate change and the green and low-carbon transition,” Chinese leader Xi Jinping told Scholz.

By summer, interest rates should start to drop as the Bank of England relaxes about long-term inflationary pressure.