The US Consumer Price Index (CPI) rose 0.6% in April and 3.8% year-on-year. The biggest factor driving the sharp increase in the CPI in April was the 3.8% rise in energy prices, as the conflict in Iran disrupted global oil and gas supplies via the Strait of Hormuz. Food prices also increased 0.5% in April.
Even excluding fuel and food prices, core inflation rose 0.4% in April and increased 2.8% year-on-year. Other items that saw price increases in April included housing, furniture, airfare, healthcare, and education costs. Items that saw price decreases included new and used cars and insurance premiums.
Economists say that annual inflation is at 3.8%, while annual wage growth is 3.6%, meaning prices are now rising faster than incomes, most significantly impacting middle-class and low-income families and forcing them to cut back on daily expenses.
Newly released data shows that inflation is not just a problem for middle-class or low-income families, but is spreading throughout the entire US economy, creating political pressure on the US President's administration and Republican lawmakers in the face of voter pressure on economic issues.
Source: https://vtv.vn/lam-phat-tai-my-tang-tro-lai-100260513084815954.htm
Comment (0)