Page 6 - December 1981 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stayed painfully high in may as consumer prices hit a new four decade high of 26%. this marks the fastest pace of inflation since december 1981, and at one point on friday, following the report's release, it was actually the number 2 trending topic on twitter, signaling it is a major issue for americans right now. however, president joe biden isn't taking responsibility for the issue, instead placing blame on russian president putin. >> today's inflation report confirmed what america already knows: putin's price hike is hitting america hard. gas prices at the park, energy and food prices accou...

Pocketbook issues front of mind for many americans, with congressional mid—term elections only a few months away democrats worried they will use votes over inflation which economists predict will remain significantly higher, for a while. bearin bear in mind. consumer prices surged by 8.5% — the largest annual gain since december 1981 last month following a double—digit rise in energy prices. joining me now is pete earle, economist and research fellow at american institute for economic research — pete, what's your take on whether inflation is likely to ease today? last month we saw infl...

Announced new steps that his administration is taking to address the rising inflation across the country, and it includes emergency measures meant to ease the spike in energy prices we've all seen since russia's invasion of ukraine. cnn's jeff zeleny has the details now traveling with the president in iowa. >> reporter: president biden scrambling to address the latest grim economic news with u.s. inflation surging to a new four-decade high. the consumer price index climbed 8.5% in march from a year ago, the fastest annual hike since december 1981, driven largely by rising oil and gas prices af...

They were before putin invaded ukraine. that's a key detail here. the fastest inflation rate since december 1981 and big drivers here, gas, shelter and food. also look at the numbers, you see airfare and lodging up sharply. that's a sign of american consumers shaking off that omicron surge, getting back to normal. they want to spend money, you have this huge consumer demand chasing after supply, supply and demand, that causes prices to rise. >> let's hope some of the economists are right when they say say this is the peak. >> i sure hope so. in a few minutes, i'll speak with a member of the ...

Something that we were thinking of, let's form an international organisation that will do this globally. it was more like, if we want to be consistent with what we think and what we believed, we thought we could not say no. in december 1981, the army entered to the area as well as another 500s that were nearby, separated children, women and men, executed them, burn their houses and everything. removing any possibility of civilians support. at the time or we arrive, you could still see human bones in different parts of the houses.— of the houses. this indicates where we — of the houses. thi...