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

US dollar to maintain dominance over next decade
Business & Energy

US dollar to maintain dominance over next decade

29 June, 2023
Photo: bloomberg.com
Business & Energy

Inflation rose at a 4% annual rate in May

13 June, 2023
Image: AFP
Business & Energy

Iraq unveils transport project worth $17 billion

1 June, 2023
Image: RIA Novosti
Business & Energy

The EU refuses to include in the new package of sanctions a ban on the import of the pipeline gas from the Russian Federation

17 May, 2023
Saudi Aramco’s profit in the first quarter fell by 19%
Business & Energy

Saudi Aramco’s profit in the first quarter fell by 19%

11 May, 2023
Image: gasandmoney.ru
Business & Energy

An unknown Indian company supplies millions of barrels of Russian oil

6 May, 2023
Most Popular
Most Popular
Donald Trump and Ron Desantis. Image: mediaproxy.salon.com

DeSantis is betting on the polarization of American society

31 May, 2023

WASHINGTON (Realist English). Florida Governor Ron Desantis will find it extremely difficult to defend his position, competing with ex-President, The...

Aram Torosyan on cinema, culture and beauty of Armenia

Aram Torosyan on cinema, culture and beauty of Armenia

24 May, 2023

YEREVAN (Realist English). Aram Torosyan, Director of Academy Films, answered these and other questions of the Realist News Agency. What...

Eduard Polatov: The genocide of the Greeks in Turkey is one of the dark pages in the history of the Turkish people

Eduard Polatov: The genocide of the Greeks in Turkey is one of the dark pages in the history of the Turkish people

19 May, 2023

YEREVAN (Realist English). 32 years have passed since the Phoenix Greek Society of Armenia, renamed to the Patrida organization, appealed...

Barack Obama. Image: cnn.com

When a problem arises in the world, we always look at how Washington responds — Barack Obama

4 May, 2023

ZURICH (Realist English). Former US President Barack Obama spoke in Zurich on the evening of April 29. The former head...

Opinion

Victor Mnatsakanyan

Yerevan should be a people city

4 September, 2023

YEREVAN (Realist English). Time and events make us look at many things in a new way, have a new attitude...

Mikhail Mishustin and Xi Jinping. Photo: Maxim Stulov / Vedomosti

Results of Mishustin’s visit to China: the struggle for world leadership takes on more concrete features

30 May, 2023

BEIJING (English Realist). The visit of Russian Prime Minister Mikhail Mishustin to China has ended. This is one of the...

Eduard Polatov: The genocide of the Greeks in Turkey is one of the dark pages in the history of the Turkish people

Eduard Polatov: The genocide of the Greeks in Turkey is one of the dark pages in the history of the Turkish people

19 May, 2023

YEREVAN (Realist English). 32 years have passed since the Phoenix Greek Society of Armenia, renamed to the Patrida organization, appealed...

Kemal Kılıçdaroğlu and Recep Erdoğan. Image: dha.com.tr

Erdogan’s rule is under real threat

9 May, 2023

ANKARA (Realist English). There are less than 10 days left before the presidential elections in Turkey. There, for the first...

All rights reserved.

© 2017-2022

  • 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