Inflation Hits Its Highest Level In Nearly 40 Years

Inflation Hits Highest Point In Nearly 40 Years Gma Us inflation hits highest level for nearly 40 years. american shoppers, especially those on low incomes have felt the pinch of higher prices, with annual inflation at rates not seen for 40 years. Inflation surged to a new pandemic era peak in june, with us consumer prices jumping by 9.1% year over year, according to fresh data released wednesday by the bureau of labor statistics. that’s.

Inflation Hits Its Highest Level In Nearly 40 Years Youtube Us inflation hits highest level for nearly 40 years. 10 december 2021. maria said she won't treat herself to a bagel for a long time due to the higher prices. by lucy hooker. business reporter. Gas prices rose 4% just in may and have soared nearly 50% in one year. the national average price at the pump reached $4.99 friday, according to aaa, edging closer to an inflation adjusted record high of $5.40. the cost of groceries surged nearly 12% last month from a year earlier, the biggest such increase since 1979. Published 12:30 pm pdt, january 12, 2022. washington (ap) — inflation jumped at its fastest pace in nearly 40 years last month, a 7% spike from a year earlier that is increasing household expenses, eating into wage gains and heaping pressure on president joe biden and the federal reserve to address what has become the biggest threat to the u. The consumer price indexincreased 8.6% from a year earlier in a broad based advance, labor department data showed friday. the widely followed inflation gauge rose 1% from a month earlier, topping.