Summary
[US media: Inflation has been the biggest threat to the economic recovery has spread to real estate, auto sales and many other areas]The US Bureau of Labor Statistics reported on Wednesday that inflation continued to climb in April, pushing consumers to the brink of collapse and threatening to economic expansion. The U.S. unseasonably adjusted CPI in April recorded an annual rate of 8.3%, higher than market expectations of 8.1%. Excluding volatile food and energy prices, the U.S. core CPI rose 6.2% on an annualized basis in April on a seasonally adjusted basis, beating expectations for a 6% increase. Inflation has been the biggest threat to the economic recovery, with rising prices at gas stations and grocery stores a problem, but it has spread to real estate, auto sales and many other areas.
Inflation continued to climb in April, the U.S. Bureau of Labor Statistics reported on Wednesday, pushing consumers to the brink of collapse and threatening an economic expansion.U.S. not seasonally adjusted in AprilCPIThe annual rate was recorded at 8.3%, beating market expectations of 8.1%. Excluding volatile food and energy prices, the U.S. core CPI rose 6.2% on an annualized basis in April on a seasonally adjusted basis, beating expectations for a 6% increase. Inflation has been the biggest threat to the economic recovery, with rising prices at gas stations and grocery stores a problem, but it has spread to real estate, auto sales and many other areas.
(Article source: Financial Associated Press)