Inflation: Where Americans are seeing the biggest price increases ...Middle East

Quartz - Economy

Inflation in the US rose by 8.5% in March from 2021, the biggest year-over-year increase since December 1981. The US Consumer Price Index report released today (April 12) is the first since the war in Ukraine triggered Western sanctions on Russia which have caused global food and energy prices to spike.Cost of energy, used cars, hotels rose the mostThe price of gasoline in the US rose by more than 18% in March, accounting for half of the overall spike in consumer prices last month. US residents also paid much more for used cars, hotels, and airfare last month compared to the previous year. Fuel oil was the category with the steepest price hike, increasing by 70% from March 2021.Read the rest

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Last updated : 12 April 2022 clock 05:28 PM

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Inflation: Where Americans are seeing the biggest price increases ...Middle East

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