Here is a breakdown of what has fueled inflation each month since the start of last year.
But other inflationary problems have more to do with the complicated trends of the coronavirus pandemic, leading to price hikes that ebb and flow. Money that might have paid for in-person services like gym memberships went instead to at-home fitness equipment. When coronavirus cases fell, people flocked to travel. When they rose, eating out was swapped for groceries.
Businesses didn’t always have enough stock on hand to meet the demand and couldn’t make or ship goods fast enough to catch up. So some prices skyrocketed, often for items that weren’t a major part of a family budget.But that changed this year, when inflation began to spread into nearly every facet of the economy.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Paul Pelosi pleads not guilty to DUI misdemeanor chargesThe charges are driving under the influence of alcohol causing injury and driving with a .08% blood alcohol level or higher, causing injury.
Read more »
Analysts slash platinum and palladium forecasts amid global slowdownPlatinum prices have fallen from a 9-month high of $1,179.81/oz in March to around $900.
Read more »
'Food costs have quadrupled': Chicago shelters say inflation driving more people to use their servicesSo far this year, the centers have served 2,163 guests. Last year in total, the number was 422.
Read more »
Airbnb says demand is soaring even amid economic uncertaintyDemand for Airbnb bookings continues to soar even as high gas prices and inflation weigh on consumers and the economy.
Read more »
Fed's Bullard says U.S. can conquer high inflation and avoid a recessionThe president of the St. Louis Federal Reserve contends the central bank might still be able to restore inflation to pre-pandemic lows without triggering a...
Read more »
Long price decline has gas across US near $4 againThe national average for regular gasoline dropped 3 cents to $4.16 a gallon, according to AAA. That marks the 50th consecutive day of falling prices. Utah's price today is $4.78.
Read more »