Lexington-Fayette

Another surge in prices tightens pressure on US consumers. Maximum 12-month increase since 2008 – Lexington-Fayette, Kentucky

Lexington-Fayette, Kentucky 2021-06-10 17:00:48 –

Washington — American consumers absorbed another surge in prices in May — up 0.6% in the past month, up 5% in the past year, the largest 12-month inflation spike since 2008 ..

The rise in consumer prices in May reflects a variety of goods and services that are currently in high demand as people increasingly participate in shopping, travel, eating out and entertainment events in a rapidly resuming economy. I will.

Growing consumer demand has hit a shortage of parts that supply key products such as automobiles and computer equipment, from wood and steel to chemicals and semiconductors, all of which are pushing up prices.

Due to the shortage of semiconductors and, by extension, the decrease in the supply of automobiles, the price of automobiles has risen sharply, and the overall price has risen.

According to economists, the increase in this report looks sharp, but keep in mind that the world is in the midst of the worst coronavirus pandemic, compared to the price limit a year ago. Please.

Central bank officials believe that current growth and supply chain problems are temporary factors that disappear over the years.



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