7 percent more – prices in the USA explode

Published

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

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

REUTERS

In December, inflation rose by seven percent, the highest level in 40 years.

In December, inflation rose by seven percent, the highest level in 40 years.

REUTERS

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

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

REUTERS

  • Consumer prices are rising worldwide.

  • In the USA, inflation rose by seven percent in December compared with 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. An increase of 0.4 percent was forecast here.

Central bank wants to curb inflation

The rate is thus even more clearly above the US Federal Reserve’s inflation target of 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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