Dec 27, 2023 · In 2022, the US saw inflation spike to levels not seen in four decades, and the Federal Reserve was in the throes of a historic rate-hiking campaign to cool it back down. At …

As workers bargain for better pay, firms begin to increase prices. So, from this research, the authors find that three main components explain the rise in inflation since 2020: volatility of energy prices, backlogs of work orders for goods and service caused by supply chain issues due to COVID-19, and price changes in the auto-related industries.

Feb 16, 2022 · Supply chain issues, surging demand, production costs, and swaths of relief funds all have a role to play, they say, but politics tend to cause one to point the finger at the supply chain or the...

Jun 29, 2022 · With paychecks covering less food, gas, and housing than they used to, many Americans are getting frustrated with inflation and wondering what is going on.

Mar 12, 2025 · The annual inflation rate for the United States was 2.8% for the 12 months ending February, compared to the previous rate increase of 3%, according to U.S. Labor Department data published on March 12, 2025.

Nov 11, 2021 · On Wednesday, the government said its consumer price index soared 6.2% from a year ago — the biggest 12-month jump since 1990. “It’s a large blow against the transitory …

Sep 30, 2023 · Hyperinflation refers to rapid and unrestrained price increases and inflation in an economy over time, typically at rates exceeding 50% each month. Hyperinflation can occur in circumstances...

Inflation rate, United States and eurozone, January 1960 through June 2024 Following the COVID-19 pandemic in 2020, a worldwide surge in inflation began in mid-2021 and lasted until mid-2022. Many countries saw their highest inflation rates in decades. It has been attributed to various causes, including pandemic-related economic dislocation, supply chain disruptions, …

Jun 10, 2022 · 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.

Jun 10, 2022 · America’s rampant inflation is imposing severe pressures on families, forcing them to pay much more for food, gas and rent. The costs of gas, food and other necessities jumped in May, raising...