"stubborn inflation" is a correct and usable phrase in written English.
It can be used to describe persistent or unyielding inflation rates that are difficult to control or reduce. Example: Despite numerous efforts by the government to curb it, stubborn inflation continues to plague the economy, causing prices to rise steadily.
Meagre wages and stubborn inflation are eroding spending power (see article).
Yet consumers still have plenty of reasons for anxiety.Foremost is stubborn inflation.
But it was also a time of stubborn inflation, constant industrial dispute, and Britain being labelled the sick man of Europe.
The People's Bank of China reaffirmed Friday that it would keep monetary conditions tight in its effort to rein in stubborn inflation.
But it left an awkward legacy of stubborn inflation, messy local-government finances and skewed investment.The central government does not want to repeat that mistake.
The investment climate has soured due to stubborn inflation, high interest rates and GDP growth that may dip below 7% in the coming quarter.
This week the lira firmed further to about YTL1.32 US$1, notwithstanding stubborn 10% inflation and data releases that underlined the ongoing slowdown in growth.The solid fiscal performance of recent years may worsen in 2007 due to sluggish tax revenues, higher interest costs and some pre-election loosening by the government.
Way back in 1996 Akerlof, Dickens and Perry suggested that this would make inflation stubborn at low rates, breaking the usual link between high unemployment and disinflation.
Egypt, Tunisia, Jordan and Saudi Arabia all embraced similar changes which, by the end of the decade, had produced impressive growth but also high inflation, stubborn unemployment and yawning rates of income disparity.
With output slowing and inflation stubborn, it is small wonder that the concerns about stagflation are back in fashion.In fact, today's version of stagflation bears scant resemblance to the 1970s.
If the labour market remains red-hot, stubborn and creeping inflation seems all too likely especially if (as seems probable) foreign investors eventually become alarmed and the exchange rate weakens.Give it a squeezeThe best way to counter the inflation risk is through tighter macroeconomic policies.
