Why Us Inflation Rate Hits The Highest Level In 40 Years Economi Consumer prices surged 8.6% last month from a year earlier, faster than april’s year over year increase of 8.3%, the labor department said friday. the new inflation figure, the highest since 1981, will heighten pressure on the federal reserve to continue raising interest rates aggressively. A swap rate that measures what five year inflation expectations will be in five years’ time has also jumped, and at 2.7 per cent is well above the fed’s 2 per cent core inflation target.
U S Inflation Reaches A New 40 Year High Realpage Analytics Blog Inflation around the u.s. reached a new 40 year high in february, with consumer prices jumping 7.9% from a year ago — the fastest annual rate since the reagan administration. rising costs of. The us consumer price index rose 7.5 per cent last month compared with january last year, its fastest annual pace since 1982, heaping pressure on the federal reserve to act more aggressively to. Inflation hits 40 year high, reinforcing fed’s decision to raise interest rates were unchanged last month but are up 12.2% from a year ago. the surge in new car prices has, in turn. 1:51. inflation jumped again in june on a persistent climb in gas, food and rent costs, notching another 40 year high and likely solidifying the federal reserve’s plans for another big rate hike.
Comments are closed.