This Wednesday it was learned that inflation eased slightly in the United States in April, a fact that nurtures hope that the worst is over, although it is hardly a relief in a context of a sharp rise in prices that affects both the purchasing power of Americans and the popularity of Joe Biden.
In 12 months to April, inflation stood at 8.3%, and although the data is lower than the one accumulated in a year to Marchis also above forecast, according to the consumer price index (CPI) released Wednesday by the Labor Department.
The price rise is near the 40-year high it saw last month. Food prices recorded their largest increase in 12 months since the 1981 record (+9.4%).
“Inflation may have peaked, but the decline through the end of the year will be anything but rapid,” cautioned Gregory Daco, chief economist at EY-Parthenon, however.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
