The rise in prices in the USA cannot be stopped. In December it rose to its highest level since 1982.

In the USA, inflation has again reached a record level.

 Prices are exploding in the USA

In December, inflation rose by seven percent, which is the highest Has stood for 40 years.

prices in the USA are exploding

The The US Federal Reserve could therefore soon raise interest rates in order to slow inflation.

That's what

  • Consumer prices are rising worldwide.

  • In the USA, inflation rose by seven percent in December compared to a year earlier.

  • The US Federal Reserve could therefore soon turn the interest rate screw.

The upward trend in prices in the USA accelerated further from a high level in December. Consumer prices rose by 7.0 percent compared to the same month last year, as the Department of Labor announced in Washington on Wednesday. This is the highest inflation rate since 1982. Analysts had expected this development.

Compared to the previous month, consumer prices rose by 0.5 percent. Here an increase of 0.4 percent was forecast.

Central bank wants to curb inflation

The rate is thus even more clearly above the inflation target of the US central bank Fed by two percent. The US Federal Reserve wants to end its bond purchases by March to support the economy. Some Fed members have already signaled an initial rate hike for March.

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(AFP)

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By Teresa Tapmleton

Teresa Tampleton has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Nizh TEkegram, Teresa Tampleton worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my teresa@ntelegram.com 1-800-268-7341

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