National/regional news and analysis
Why you seriously need to stop trying to be funny at work
Goofing off at the office doesn't do you any good. Milan Markovic/E+ via Getty ImagesHow can you get ahead in your career and still enjoy the ride?
Banks retreat from climate change commitments – but it’s business more than politics
The oil – and fossil fuel financing – continues to profitably flow. AP Photo/Gary KazanjianAnother business-led effort to fight climate change is unraveling.
On Aug. 27, 2025, the Net-Zero Banking Alliance suspended its activities after several major U.S. and European banks backed out.
Princess Awesome vs. the United States of America
A children’s clothing company has become the face of a legal battle over President Trump’s trade policy, after years of struggling with the challenges of domestic manufacturing.
Princess Awesome vs. the United States of America
A children’s clothing company has become the face of a legal battle over President Trump’s trade policy, after years of struggling with the challenges of domestic manufacturing.
Why Argentina is looking to the Trump administration for a bailout − and what the US Treasury can do to help
Done deal? U.S. President Donald Trump shakes hands with Argentine counterpart Javier Milei during a bilateral meeting on Sept. 23, 2025. Chip Somodevilla/Getty ImagesPresident Donald Trump vowed to help out his Argentine counterpart Javier Milei on Sept. 23, 2025, a day after the U.S.
Brazil now forecast to see double-digit inflation
Headline inflation has increased markedly across both advanced and emerging market (EM) economies this year ending up much higher than we forecast six months ago. Consumer price inflation is expected to remain elevated until at least the second quarter of 2022 as ongoing supply chain disruptions, higher energy prices, and stronger-than-expected demand in countries such as the US provide additional impetus to already buoyant goods prices. Nowhere is this clearer than in Brazil, where annual inflation rose to 10.67 per cent in October, the highest rate since January 2016.
Worrying about the US inflation outlook
In October 2021, the US 12-month CPI inflation rate reached its highest level in the US since 1990, 6.2 per cent year-on-year. Pent-up demand and higher energy prices have been a major factor in the increase but supply chain shortages and increases in other commodity prices also explain more recent increases (see Sanchez Juanino, Macchiarelli and Naisbitt, 2021).
What next after the largest month on month rise in the CPI since April 1993
CPI Inflation rose to 4.2% from the previous months 3.1%, slightly higher than we had expected. The anticipated twin effects of the increase in the OFGEM price cap and an increase in the VAT rate on hospitality (partially reversing the July 2020 reduction) both impacted the figure as did surging petrol and diesel prices. Since there was a base effect of 0% dropping out from September 2020, all the change in headline inflation in October arises from the new inflation in the month September to October 2021 which represents the largest month on month increase since April 1993.
CPI Inflation, September 2021
CPI Inflation fell to 3.1% from the previous months 3.2%. Inflation was expected to fall as there was a “base effect” of -0.4% as the increase in inflation in August-September 2020 dropped out (this spike of 0.4% was partly due to the rebound from the Eat Out to Help Out and VAT cut in August 2020). However, in addition to this base effect, there was a significant element of new inflation, with prices rising by 0.3% between September and August. This followed from a very sharp rise of 0.7% in July-August.
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