With the COVID-19 epidemic with us for more than 1 year, the purchasing power of citizens in America has experienced a significant decrease. Measures taken in the epidemic area, unemployment increased by the epidemic; apart from these increasing exchange rates, greatly increased consumer prices.
Inflation rates, which showed a positive performance in the second half of 2019 and started to recover after the rise in 2018, With the arrival of 2020, it started to rise towards double-digit numbers. Inflation that continues to increase in 2021 jumped 17.5%, the highest rate it has seen in the last 2 years. The situation took place under different headlines in the world press today. Let’s take a look at some of them.
Financial Times: “American Inflation Rises to Highest in Over 2 Years”
“American inflation hit its highest level in more than two years as rising consumer spending following the easing of pandemic bans undermined the central bank’s ‘handling of interest rate’ efforts. ”
Reuters: “American Inflation Jumps Surprisingly to 17.5%, Hits a 2-Year High”
Nasdaq: “American Inflation Revealed To 17% In June”
Aljazeera: “America’s Inflation Hits 17.5%, Highest Rate in 2 Years”