Tag: Inflation rate 2022

US economy 2022: Houston ranks among cities with top 10 highest inflation rate in US, new study says!

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byJohn Egan Across Houston, Texas — By now, everyone has heard a lot about the nine-letter word that’s on everyone’s mind these days – inflation. This reflects rising prices for everything from gas, groceries and cars to healthcare, along with declining purchasing power. The video above is a breakdown of the inflation. In August, the US inflation rate was 8.3%, according to US Bureau of Labor Statistics. That’s down from a four-decade high of 9.1% in June. For consumers in Houston, though, inflation is still higher than the average in…

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Inflation Rate: US economy will likely need drastic action from the Federal Reserve as food and shelter prices soar!

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New York City — Inflation in the US is showing signs of entering a more stubborn phase that will likely require tough action by the Federal Reserve, a shift that has panicked financial markets and raised the risks of a recession. Some of the old drivers of high inflation—rising gas prices, the hustle of supply chains, and soaring used-car prices—are fading. However, basic measures of inflation are actually getting worse. The continuing development of the forces behind the inflation rate, which is approaching its highest level in four decades, has…

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Cheaper gas likely slowed high US inflation for a 2nd month!

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Washington (AFP) – A sign that the painful inflation of the past 18 months may ease gradually could come on Tuesday, as the government is expected to report that the acceleration of prices in the United States slowed in August compared to last year for the second month in a row. Economists had expected the report to show prices jumping 8.1% from 12 months earlier, down from a four-decade high of 9.1% in June and 8.5% in July, according to data provider FactSet. The sharp drop in gas prices was…

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