Soaring energy bills shock struggling consumers around the globe

Bloomberg/Alice Kantor and Ainsley Thomson/2-10-2023

graphic image of inflation genie out of the bottle“Despite a mild winter in places like New York City and London, the global energy crisis is hammering people who are grappling with inflation that is driving up the cost of pretty much everything.”

USAGOLD note: Soaring energy costs globally undermines the argument that inflation is under control. What we are experiencing now might be a pause in the dominant trend. The inflation genie, as it is often said, once out of the bottle, is difficult to put back in.

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