The United States is faced with further inflation problems because the CPI has reached the highest record for 30 years - economy

Von Krypto News Österreich

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The US inflation continues to increase because the data of the consumer price index (VPI) rose by 6.2 % compared to the previous year this week. The Americans are concerned because the Federal Reserve has expanded the money offer in history, the Leist interest is reduced and US politicians are lacing multi-billion dollar packages with money that the government does not have. The news of an above-average inflation dropped the stock markets on Wednesday, and US President Joe Biden said that the White House put priority on "lowering prices".

inflation: "The predictable result of ruthless government policy"

Inflation in the USA is running hot and after the media and officials of the Federal Reserve have repeatedly said in the past 12 months that inflation would be “temporary”, this is clearly not the case. Data from the Consumer Price Index (CPI) of the US Bureau of Labor Statistics show that inflation has been the highest in the country since the 1990s.

The CPI is a basket of products, and the American population has not lost as much purchasing power compared to these articles since November 1990. In addition, the index still increased by 4.6 after the Bureau of Labor Statistics removed the energy and food values ​​that can be volatile %. The index with the stripped factors has been the highest since August 1991.

In the meantime, the latest CPI data speak and discuss all topics such as government expenditure, the Federal Reserve and the interrupted supply chain in the United States.

"Inflation reaches 6.2 % - and the salary increases destroyed those who are lucky enough to have a good job at all - parents are worried about the milk price for their children (if the shelves are not empty)", the whistleblower and data protection activist Edward Snowden noticed after the publication of the VPI data.

"Inflation is an enormous increase in tax for Americans and the predictable result of a ruthless government policy: massive expenditure calculations, trillions of dollars that were created by the Federal Reserve, and labor and care bottlenecks that are worsened by misguided interventionist plans", deputy Justin Amash wrote on Wednesday.

white house will prioritize "price reductions"

While the Americans have been fighting with the highest inflation records for 30 years, says US President Joe Biden that inflation is "worrying".

biden also said that the administration focuses on getting people back to work, "lowering prices" and "ensuring that our business is fully equipped". Biden made the statements during a speech in the port of Baltimore on Wednesday and the US president said:

Everything, from a gallon gasoline to a loaf bread, costs more. And it is worrying, even though wages rise.

The politician continued to sell his Newly adopted infrastructure law , which is signed on Monday. Biden spoke about a number of provisions that he claims to help solve the problems with which the supply chain has dealt with in the past two years. "[WE] will modernize our ports with investments of $ 17 billion-we will reduce the overload," Biden told the audience.

What do you think of the VPI data this week and the discussion about increasing inflation? Let us know your opinion on this topic in the comments below.

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