The government has tried to stop inflation. Why isn’t it working? ...Middle East

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No matter what the federal government does, inflation keeps rising with no clear end in sight. Consumer prices jumped 1.3 percent higher in June and a whopping 9.1 percent over the past 12 months, according to data released Wednesday by the Labor Department, despite the best efforts of the Biden administration and Federal Reserve to bring inflation down. While a June surge in gas prices was responsible for much of the overall increase in inflation, prices grew across almost every sector. That’s a troubling sign for the U.S. economy after the federal government scrambled to stop the highest annual inflation in more than four decades from getting worse. “It’s going to be a long

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Last updated : 14 July 2022 clock 01:48 AM

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The government has tried to stop inflation. Why isn’t it working? ...Middle East

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