Inflation
Economic Issue
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Economy of Panama...February 2005. President Ricardo Martinelli has promised to implement a flat tax system with a flat tax of 10% and which promises to raise revenues, put inflation under control and which will allow enormous real wage gains. Highways well... In this article: Panama, Tax, Panama Canal, United States, Revenue, Latin America, Panama City, Banana, Inflation, and World Trade Organization |
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Reuters | January 11, 2009
Panama mogul extends lead in election race - poll
...race - poll Supermarket tycoon Ricardo Martinelli has extended his lead in the race for Panama's presidency in May, as crime and high inflation weigh on the government-backed favorite, a poll showed on Sunday. The poll, conducted...
In this article: Ricardo Martinelli, Panama, Balbina Herrera, La Prensa, Panama Canal, Cost of living, Manuel Noriega, and Martin Torrijos
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washingtonpost.com | May 02, 2009
Millionaire magnate lures poor in Panama election
PANAMA CITY (Reuters) - Panama could elect a multimillionaire supermarket magnate as president on Sunday, as conservative Ricardo Martinelli's knack for business draws poor voters worried about an economic crisis and high inflation.
In this article: Ricardo Martinelli, Balbina Herrera, United States, Manuel Noriega, Panama, Panama City, Banana, Tax, Latin America, and Cost of living
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Redstate -- Conservative News and Community | July 01, 2009
Panama will swear in a new president today
...to deal with. Inflation has driven up the nation's cost of living sharply, and Martinelli will have to provide Panamanians with better public services in the form of health care and education than did hid predecessor. And if all that...
In this article: Ricardo Martinelli, Panama, U.S., Hugo Chavez, Balbina Herrera, Panama Canal, United Nations, Manuel Noriega, Cost of living, and Recession
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Supermarket tycoon wins Panama election
...Martinelli is seen as more friendly toward business. Panama, which uses the dollar as its currency, last year suffered its highest inflation levels since the early 1980s. Inflation has since tamed as economic growth slows down but...
In this article: Ricardo Martinelli, Panama, Balbina Herrera, Tax, Manuel Noriega, United States, Latin America, Panama City, and Anti-American
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Supermarket tycoon is favorite in Panama election
...are similar to Martinelli's. Both candidates say they will tackle crime and inflation while helping the poor with education and infrastructure, though neither is expected to run up a big budget deficit. Foreign investors say they doubt...
In this article: Balbina Herrera, Ricardo Martinelli, Panama, U.S., Panama City, Manuel Noriega, Latin America, Bread, and Banana
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Supermarket tycoon leads Panama presidential race
Pollster Ipsos put Martinelli 11 points ahead of Balbina Herrera, the Revolutionary Democratic Party candidate, whose support has waned amid allegations of shady campaign financing and voters' discontent over crime and inflation.
In this article: Ricardo Martinelli, Panama, Allegation, Balbina Herrera, Guillermo Endara, and Panama Canal
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Description from Wikipedia:
In economics, inflation is a rise in the general level of prices of goods and services in an economy over a period of time.
When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation is also a decline in the real value of money—a loss of purchasing power in the medium of exchange which is also the monetary unit of account in the economy. A chief measure of general price-level inflation is the general inflation rate, which is the percentage change in a general price index (normally the Consumer Price Index) over time.
Inflation can have adverse effects on an economy. For example, uncertainty about future inflation may discourage investment and saving. High inflation may lead to shortages of goods if consumers begin hoarding out of concern that prices will increase in the future.
Economists generally agree that high rates of inflation and hyperinflation are caused by an excessive growth of the money supply. Views on which factors determine low to moderate rates of inflation are more varied. Low or moderate inflation may be attributed to fluctuations in real demand for goods and services, or changes in available supplies such as during scarcities, as well as to growth in the money supply. However, the consensus view is that a long sustained period of inflation is caused by money supply growing faster than the rate of economic growth.
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