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High inflation rates affect discretionary income for the average American. As prices for food, gas, household goods and other items rise, Americans must adjust how they budget.
Florida has highest inflation rate in U.S. The Sunshine State has the nation's highest inflation rate , 3.91%, according to an analysis of index data by Moody’s Analytics based on a three-month ...
A Core CPI index is a CPI that excludes goods with high price volatility, typically food and energy, so as to gauge a more underlying, widespread, or fundamental inflation that affects broader sets of items. More specifically, food and energy prices are subject to large changes that often fail to persist and do not represent relative price changes.
Yet, in some cities, inflation is more than double this figure — Miami, for instance, shows the highest inflation in the U.S., with a rate of 7.4%, according to BLS data.
UK food and drink prices rose by 19.2% in the year to March 2023, a 45-year high. [207] [208] On 3 August the BoE raised the interest rate to 5.25%, the highest since 2008. [209] The UK entered a technical recession in the final six months of 2023. [210] [211] Germany's inflation rate reached 11.7% in October 2022, the highest level since 1951 ...
The inflation in food prices is thought to be behind an increasing number of supermarket credit cards issued in 2022 as well as increasing rates of supermarket credit card debt default. [104] In April 2022, President Gabriel Boric announced a $3.7 billion economic recovery plan that included an increase in the minimum wage to help people deal ...
The country reached an 8.3% inflation rate in August, the most recent month for which Consumer Price Index data is available from the Bureau of Labor Statistics. See: Consumer Price Index Shows...
In March 2024, Nigeria's food inflation rate reached 40.01% year-on-year, driven by currency depreciation, supply chain disruptions, and rising agricultural input costs. Essential food items like garri, millet, and yam tubers saw significant price hikes. This inflation exacerbates food insecurity and reduces household purchasing power. [52]