Biden faces dilemma as inflation reaches highest point in nearly 40 years – Roya News English
- Date: 12-Dec-2021
- Source: Roya News
- Sector:Economy
- Country:Middle East
Biden faces dilemma as inflation reaches highest point in nearly 40 years – Roya News English
Consumer prices in the United States have increased at a pace not seen in nearly forty years, posing an additional problem for President Joe Biden, who has promised to reverse inflation while finding it difficult to pass his social and environmental spending plan.
The price increase amounted to 6.8 percent in November compared to the same month of 2020, after +6.2 percent in October, according to the Consumer Price Index issued on Friday by the Ministry of Labor, which is the largest increase recorded since 1982.
Americans still pay more for everything from food to clothes to cars, fuel, electronic equipment and airfare.
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