Inflation in United States
Hits 13-Year High.
Prices are continuing to rise at a
rapid rate in the United States.
Over the last 12 months,
prices rose 5.4 percent.
That marks the biggest
jump in annual inflation
in nearly 13 years. .
In June alone, the country’s key
inflation measure, the consumer
price index, jumped .9 percent.
That’s the largest one-month
increase in 13 years.
Increasing prices in
the U.S. are largely
due to gasoline prices,
which have sharply risen
now that more people
are traveling. .
Gas prices have risen 45.1 percent
compared to last year.
Food prices also factor into the country’s inflation,
as they are up 2.4 percent in the last 12 months. .
Prices for dining out have also risen
4.2 percent in the last 12 months.
This is likely due to restaurants having to
raise their workers’ wages, with that increased
cost being passed on to customers. .
Accounting for more than a third of inflation in the
U.S. are the record prices being paid for used cars. .
Overall, used car
prices are up 45.2
percent in the last
12 months. .
In June alone, those prices
were up 10.5 percent.