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US inflation

Iranpress: World Newspapers: Inflation for 2021 highest in 40 years

World Newspapers: Inflation for 2021 highest in 40 years

Thursday, 13 January 2022 19:52

Prices rose at the fastest pace in four decades in December, increasing 7 percent over the same period a year ago and cementing 2021 as a year marked by soaring inflation wrought by the ongoing coronavirus pandemic. 203

Iranpress: World Newspapers: As prices rise, Biden deploys antitrust team

World Newspapers: As prices rise, Biden deploys antitrust team

Sunday, 26 December 2021 19:23

As rising inflation threatens his presidency, President Joe Biden is turning to the federal government’s antitrust authorities to try to tame red-hot price increases that his administration believes are partly driven by a lack of corporate competition.

Iranpress: World Newspapers: fed projects rise in interest rates to tame inflation

World Newspapers: fed projects rise in interest rates to tame inflation

Thursday, 16 December 2021 21:10

Federal Reserve policymakers moved into inflation-fighting mode on Wednesday, saying they would cut back more quickly on their pandemic-era stimulus at a moment of rising prices and strong economic growth, capping a challenging year with a policy shift that could usher in higher interest rates in 2022.

Iranpress: World Newspapers: Consumer prices jump, testing US officials on inflation controls

World Newspapers: Consumer prices jump, testing US officials on inflation controls

Saturday, 11 December 2021 21:20

Prices are rising in the US at the fastest clip in nearly 40 years, fresh data released on Friday showed, as supply chain disruptions, rapid consumer demand, and rising housing costs fuel an inflationary burst.

Iranpress: World Newspapers: economic fear isn

World Newspapers: economic fear isn't scaring off shoppers

Wednesday, 17 November 2021 21:06

Retail sales surged 1.7 percent in October as Americans got a jump on holiday shopping despite paying more for gas, groceries and other everyday goods. 207

Iranpress: World Newspapers: inflation shock poses peril to Biden economic agenda

World Newspapers: inflation shock poses peril to Biden economic agenda

Thursday, 11 November 2021 21:08

The White House was thrown on the defensive Wednesday by an inflation report that showed the largest annual increase in prices in three decades, triggering fresh criticisms of President Biden’s legislative plans on Capitol Hill and raising questions about what the administration can do to stem the politically perilous tide of rising prices.

Iranpress: US faces highest inflation in 13 years as prices surge 5%

US faces highest inflation in 13 years as prices surge 5%

Friday, 11 June 2021 05:20

The US economy’s rebound from the pandemic is driving the biggest surge in inflation in nearly 13 years, with consumer prices rising in May by 5% from a year ago.

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