U.S. CPI rose by 6.2% in October compared to a year ago
CGTN, 06 Dec 2021
For more:
https://news.cgtn.com/news/2021-12-06/U-S-CPI-rose-by-6-2-in-October-compared-to-a-year-ago-15LKKIh6NXi/index.html
The United States is facing its highest inflation in 30 years. The consumer price index (CPI), which measures prices paid by the typical consumer, is up more than 6 percent. That's the steepest increase since 1990. The U.S. Bureau of Labor Statistics reports that food prices jumped by 5 percent over the last year while energy prices shot up by 30 percent. That means overall inflation has been running well above the Fed's 2-percent goal for quite a while. Treasury Secretary Janet Yellen said inflation can no longer be categorized as short-term.
Subscribe to us on YouTube: https://goo.gl/lP12gA
Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8
Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv
https://news.cgtn.com/news/2021-12-06/U-S-CPI-rose-by-6-2-in-October-compared-to-a-year-ago-15LKKIh6NXi/index.html
The United States is facing its highest inflation in 30 years. The consumer price index (CPI), which measures prices paid by the typical consumer, is up more than 6 percent. That's the steepest increase since 1990. The U.S. Bureau of Labor Statistics reports that food prices jumped by 5 percent over the last year while energy prices shot up by 30 percent. That means overall inflation has been running well above the Fed's 2-percent goal for quite a while. Treasury Secretary Janet Yellen said inflation can no longer be categorized as short-term.
Subscribe to us on YouTube: https://goo.gl/lP12gA
Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8
Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv
