The food price index rose 10.4% in the year ended June.
Consumer prices in the US rose at the end of June by 9.1% in annual terms. This is the largest increase in more than 40 years since November 1981. The said data was published by the U.S. Bureau of Statistics on Wednesday, July 13th.
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“The index, calculated for all commodity groups, rose 9.1% for the annual period ending June, this is the largest increase in a year since the period ended in November 1981,” the document said. .
It indicates that the energy price index has risen by 41.6% over the past year. This is the largest increase in a year since the period ending in April 1980.
In turn, the food price index rose 10.4% in the annual period that ended in June. This is the largest increase in a year since the season ended in February 1981.
At the end of May, the growth rate of consumer prices in the US in annual terms was 8.6%, and at the end of April – 8.3%. In mid-June, the Federal Reserve System (FRS) to combat inflation raised the base interest rate for the first time in decades by 75 basis points simultaneously-up to 1.5-1.75%.
The US dollar has become more expensive than the euro for the first time since 2002
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Source: korrespondent
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.