In the United States recorded a record for 13 years inflation

by time news

Annual inflation in the United States in May was 5%, the highest value in nearly 13 years, according to the materials of the US Department of Labor.

“Over the past 12 months, the All Commodities Index has risen to 5% before seasonal adjustment. This is the biggest growth in 12 months since the 5.4% increase in August 2008, ”the document says.

Food inflation was 2.2%, the Ministry of Labor reported, and energy prices increased by 28.5% over the year. In addition, used cars and trucks have risen in price by almost 30%. Only medical products fell in price – by 1.9%.

In April, annual inflation in the United States reached 4.2%. It was the maximum since September 2008. Then the deputy head of the Fed, Richard Clarida, called such an indicator “an unpleasant surprise” and hinted that the US central bank would be forced to respond by raising the base rate.


You may also like

Leave a Comment