US inflation reached new 40-year high in June of 9.1%, prices rose 1.3% from month prior

The new inflation report has been released and it is worse than expected, with the rate rising from a 40-year high inflation in June last year to 9.1 percent and 0.5 percent higher than the May rate, the highest annual rate ever. Is.

1981 Economists say rising gas and food prices are driving up rates. The Federal Reserve could implement another big interest rate hike at its meeting in two weeks and taking a live look at the big board, Business Now Moving On and the Dow is down almost 331 points at 30 660 at 331 points right now.

The United States is currently experiencing its worst inflationary growth in nearly 40 years, driven by increased household spending and pressure on President Joe Biden to move things across the board in the past.

To address the latest threat to prices for the US economy. Used Cars Gas Food Furniture All of them have got expensive government aid and ultra low interest rates also help to increase the demand for the goods.

Vaccinations have convinced people to dine in and travel to restaurants, even if they are not inflationary, with inflation currently well above the Federal Reserve’s target. At two per cent, analysts say inflation will never return to pre-pandemic levels.

People often assume that that kind of extreme inflation or inflation goes down with prices. Not falling down means they’re not going to grow as fast, but make no mistake they’re still going to grow.

They’re going to grow faster than the rate we’re used to so you know extreme inflation for families trying to raise their dollars which is a meaningless term because the reality of the matter is that we’re just Also see price hike.

With millions of households growing faster than their wages, the biggest driver of rising prices is the mismatch between supply and demand. Small business owners and buyers in the country are struggling to keep pace with rising prices.

When people are getting coffee drip coffee instead of coffee, you can see that it is paying off. To make it affordable, we have a dollar cup.

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