business news in context, analysis with attitude

NielsenIQ is out with its Global Inflation Report, designed to evaluate "inflationary trends and assess consumers impacts as we move into 2022."

Among the conclusions:  "73% of global consumers have changed their spending patterns to cut costs since COVID-19."  In October 2021 alone, the story says, the prices for fast moving consumer goods (FMCG) in the US increased 7.2 percent, with household products seeing the highest increase at 12.9 percent.

And, NielsenIQ says, "FMCG prices in Australia increased 1.5% … FMCG prices in South Africa increased 4.6% … (and) FMCG prices in Brazil increased 24.6%.

On the basis of inflation, however, the Philippines seems like the place to live - FMCG prices there decreased –2.5%.