Realist: news and analytics

Русский / English / العربية

  • News
  • Russia
  • Caucasus
  • Opinion
  • Interviews
  • Experts
No Result
View All Result
Realist: news and analytics
  • News
  • Russia
  • Caucasus
  • Opinion
  • Interviews
  • Experts
No Result
View All Result
Realist: news and analytics

US inflation reached a 40-year high in March

The U.S. Department of Labor reported that the consumer price index, which measures a wide-ranging basket of goods and services, jumped 8.5% from a year ago on an unadjusted basis, above even the already elevated Dow Jones estimate for 8.4%. March’s headline reading in fact was the highest since December 1981.

   
April 13, 2022, 10:19
Business & Energy
US inflation reached a 40-year high in March

WASHINGTON (Realist English). Over the past year, inflation in the United States has grown at the fastest pace in more than 40 years. Rising prices for food, gasoline, housing, and other basic necessities are hitting American consumers and nullifying wage increases.

The U.S. Department of Labor reported that the consumer price index, which measures a wide-ranging basket of goods and services, jumped 8.5% from a year ago on an unadjusted basis, above even the already elevated Dow Jones estimate for 8.4%. March’s headline reading in fact was the highest since December 1981.

Prices rose due to disruptions in supply chains, sustained consumer demand, as well as disruptions in global food and energy markets, exacerbated by the economic war of the West, declared on Russia due to the special operation in the Ukraine.

The report says that inflation rose by 1.2% from February to March, compared with an increase of 0.8% from January to February.

According to the American Automobile Association, the average price of a gallon of gasoline — $4.10 — has increased by 43% compared to 2021, although it decreased over the past couple of weeks.

The price hike on energy carriers led to an increase in transportation costs for the delivery of goods and components, which, in turn, contributed to higher prices for consumers.

As of now, the US economy as a whole remains stable. Unemployment is at a 50-year low, and the number of vacancies is at an all—time high. Nevertheless, the rapid growth of inflation and its impact on the daily lives of Americans pose a political threat to US President Joe Biden and the Democratic Party, who are seeking to maintain the control of the Congress in the midterm elections in November this year.

United StatesUS Economy
Previous Post

Putin: Russia will continue to act in the Ukraine rhythmically, calmly and according to plan

Next Post

In Mariupol, more than 1 thousand Marines of the Armed Forces of the Ukraine surrendered

Related Posts

Federal Reserve delivers rate cut, signals more easing ahead amid labor market weakness
Business & Energy

Federal Reserve delivers rate cut, signals more easing ahead amid labor market weakness

18 September, 2025
Southern Europe leads EU in electric vehicle subsidies as bloc races toward 2030 targets
Business & Energy

Southern Europe leads EU in electric vehicle subsidies as bloc races toward 2030 targets

17 September, 2025
China breaks into UN’s top 10 most innovative countries, pushing Germany out
Business & Energy

China breaks into UN’s top 10 most innovative countries, pushing Germany out

16 September, 2025
Senate confirms Trump nominee Stephen Miran to Federal Reserve Board
Business & Energy

Senate confirms Trump nominee Stephen Miran to Federal Reserve Board

16 September, 2025
France’s borrowing costs rise after Fitch downgrades credit rating
Business & Energy

France’s borrowing costs rise after Fitch downgrades credit rating

15 September, 2025
Oracle’s record stock surge driven by OpenAI’s massive cloud commitments
Business & Energy

Oracle’s record stock surge driven by OpenAI’s massive cloud commitments

14 September, 2025
Most Popular
Most Popular
UK signs £1.5bn defence tech partnership with Palantir

UK signs £1.5bn defence tech partnership with Palantir

18 September, 2025

LONDON (Realist English). The Ministry of Defence has signed a £1.5 billion strategic partnership with U.S. technology company Palantir, aiming...

Federal Reserve delivers rate cut, signals more easing ahead amid labor market weakness

Federal Reserve delivers rate cut, signals more easing ahead amid labor market weakness

18 September, 2025

WASHINGTON (Realist English). The Federal Reserve lowered its benchmark interest rate by a quarter percentage point on Wednesday and indicated...

Kozak’s exit cements Kiriyenko’s dominance inside Kremlin power structure

Kozak’s exit cements Kiriyenko’s dominance inside Kremlin power structure

18 September, 2025

MOSCOW (Realist English). Dmitry Kozak, deputy chief of staff of the Russian presidential administration and one of Vladimir Putin’s closest...

Israeli forces push deeper into Gaza City amid mounting casualties and global condemnation

Israeli forces push deeper into Gaza City amid mounting casualties and global condemnation

17 September, 2025

GAZA CITY (Realist English). Israeli troops and tanks pressed further into Gaza City on Wednesday, the second day of a...

Opinion

Putin, Trump and Zelensky: is a trilateral meeting necessary?

Putin, Trump and Zelensky: is a trilateral meeting necessary?

27 August, 2025

MOSCOW (Realist English). Although more than a week has passed since the meeting between Russian President Vladimir Putin and U.S....

Russia’s elite: from Soviet nomenklatura to state corporations

Russia’s elite: from Soviet nomenklatura to state corporations

25 August, 2025

MOSCOW (Realist English). The specificity of the Russian elite is defined by the nature of its origins: it grew out...

A meeting of minds across time: Alaska’s role in U.S.–Russia history

A meeting of minds across time: Alaska’s role in U.S.–Russia history

17 August, 2025

MOSCOW (Realist English). In recent days, Alaska has become the center of global attention. Many different historical facts connected with...

Peace with Baku–Turkish occupiers is an illusion

Peace with Baku–Turkish occupiers is an illusion

9 August, 2025

YEREVAN (Realist English). No piece of paper and no external guarantees will ensure peace between Armenia and the Baku–Turkish occupiers,...

All rights reserved.

© 2017-2025

  • About Us
  • Mission and Values
  • Contact Us
  • Privacy Policy

Follow Realist English

No Result
View All Result
  • News
  • Russia
  • Caucasus
  • Opinion
  • Interviews
  • Experts

Русский/English/العربية