Thinker101
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A surge of consumer demand unleashed by government stimulus, improving vaccinations and fewer pandemic restrictions is putting a strain on global supply chains. Manufacturers and other hard-hit industries are struggling to get back up and running after a year of lockdown measures, causing supply shortages and raising costs.
All of those factors combined to push the consumer price index (CPI) up 0.8 percent in April and 4.2 percent over the past 12 months, the fastest annual rate since 2008,
When stripping out the more volatile prices for food and energy, the index registered the biggest monthly increase since 1982.
Inflation fears grow for White House
All of those factors combined to push the consumer price index (CPI) up 0.8 percent in April and 4.2 percent over the past 12 months, the fastest annual rate since 2008,
When stripping out the more volatile prices for food and energy, the index registered the biggest monthly increase since 1982.
Inflation fears grow for White House