Families on the brink as inflation reaches 40-year high
INFLATION has risen at its fastest rate in 40 years to 9 per cent as energy prices soared in April, latest figures from the Office for National Statistics have shown.
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INFLATION has risen at its fastest rate in 40 years to 9 per cent as energy prices soared in April, latest figures from the Office for National Statistics have shown.
Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come.
WASHINGTON — Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come.
Nationwide inflation rates just hit a 40-year high, and a local economic expert said that's leaving scars on our society.
WASHINGTON — Inflation soared over the past year at its highest rate in four decades, hammering America’s consumers, wiping out pay raises and reinforcing the Federal Reserve’s decision to begin raising borrowing rates across the economy.