Inflation in United States continues at high levels

Compared to before the pandemic, price increases remain very high, as inflation in the United States dropped slightly after 13 years.

The Bureau of Labor Statistics announced this Tuesday an increase in prices of 5.3% in August and June, July of 5.4%, this excluding items such as food and energy which rose 4% in the month of July.

Since February, prices on used cars have fallen, as have airline tickets and car insurance.

The demand for used cars has skyrocketed in the pandemic as people seek public transportation alternatives.

In order to keep part of the emergency economic stimulus reduced, which was started by the pandemic, inflation continues to exceed the Federal Reserve. That said, the Delta variant could hamper job growth.

Leave a Reply

Live Feed
Privacy, Disclaimer