US Inflation Jumps to 7.5%, CPI Climbs at Fastest Rate in 40 Years, Citizens See Little Wage Growth. Inflation in the United States continues to rise as it climbed at its fastest rate in 40 years since February 1982. Statistics from the U.S.
The consumer price index climbed 7.5 per cent as inflation charged ahead, setting the scene for the Federal Reserve to begin raising rates.
Inflation soared over the past year at its highest rate in four decades, hammering America’s consumers, wiping out pay raises and reinforcing the Federal Reserve’s decision to begin raising borrowing rates across the economy.
What people are saying?
Haydu Time for these large corporations to stop price gauging us. Look at the huge profits they are making since we’ve reopened. They are the reason for this. They are using the situation to make the rich richer, while making the middle class poor.
Irene Jardine Stop buying; seriously, keep your purchases down to the absolute minimum, your creating demand, companies see this as an opportunity to price gauge, they will bleed every penny they can from you, as long as you continue to say I want you need to change to what do I actually need