Home Business The inflation rate in the US reaches 7.9% when fuel and food costs increase

The inflation rate in the US reaches 7.9% when fuel and food costs increase

by Asia Insider

The war will have “a material impact on economic activity and inflation through higher energy and commodity prices, the disruption of international commerce and weaker confidence”, she warned.

The US and other parts of the world have already been grappling with high inflation for months, as a surge in demand, fuelled in part by pandemic aid, ran into supply constraints, labor shortages, and other issues.

Source: Vietnam Insider

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