US Inflation Rate Reaches 7% Marking the Highest Since 1982
The annual inflation rate in the US hit 6.2%, recording a highest in decades. Due to an unstable inflation, consumer prices increased by 0.9 percent in October and June, 2021.
What's the new inflation rate saying?
According to the US consumer price index, the inflation rate has witnessed a rapid rise during the past six months since it’s 0.8% increase in November.
Global Financial Markets hit by fears of US interest rate rise
US Federal Reserve is charging investors with inflationary pressures by putting up interest rates to create a response to the surging inflation.
