From food and drink to fuel, the price of everything in India has increased in the last few years. However, retail inflation moderated slightly to 7.01 per cent in June, from 7.04 per cent in May. But there is no significant relief from inflation so far. Not only in India, but the world’s largest economy, the figures for inflation in America are also shocking. US inflation has reached the highest level in the last 40 years.
In the US, inflation figures are shocking.
In fact, due to the increase in fuel, food and house rent, US inflation rose to the highest in four decades in the last month, i.e. June 2022. According to the data released by the government, inflation or CPI based on the Consumer Price Index increased by 9.1 per cent in June 2022 compared to a year ago. This is the highest inflation increase since 1981.
Inflation continues to rise in the US.
Inflation increased by 8.6 per cent annually in May, and inflation increased by one per cent in May compared to April. Every month, inflation rose by 1.3 per cent in June compared to May. In America, the cost of living for families has increased due to the continuous increase in the price of essential commodities. Its impact is being seen more in the low-income and black community.
The central bank took measures to control
Inflation For the past few months, the inflation rate in the US has been increasing continuously. The US central bank, the Federal Reserve, is taking steps to control the ever-increasing inflation. Last month, the Federal Reserve announced a policy rate hike. After the new inflation figures are revealed, another increase is being feared.