Inflation in United States Hits 13-Year High

Inflation in United States Hits 13-Year High

Inflation in United Statesbr Hits 13-Year High.br Prices are continuing to rise at abr rapid rate in the United States.br Over the last 12 months,br prices rose 5.4 percent.br That marks the biggestbr jump in annual inflationbr in nearly 13 years. .br In June alone, the country’s keybr inflation measure, the consumerbr price index, jumped .9 percent.br That’s the largest one-monthbr increase in 13 years.br Increasing prices inbr the U.S. are largelybr due to gasoline prices,br which have sharply risenbr now that more peoplebr are traveling. .br Gas prices have risen 45.1 percentbr compared to last year.br Food prices also factor into the country’s inflation,br as they are up 2.4 percent in the last 12 months. .br Prices for dining out have also risenbr 4.2 percent in the last 12 months.br This is likely due to restaurants having tobr raise their workers’ wages, with that increasedbr cost being passed on to customers. .br Accounting for more than a third of inflation in thebr U.S. are the record prices being paid for used cars. .br Overall, used carbr prices are up 45.2br percent in the lastbr 12 months. .br In June alone, those pricesbr were up 10.5 percent.


User: Wibbitz Top Stories

Views: 11

Uploaded: 2021-07-13

Duration: 01:15

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