The inflation rate in the US in May amounted to 8.6% and reached its highest level since the end of 1981. At the same time, the real wages of Americans fell by 3%.
The US Department of Labor on Friday, June 10, said that the consumer price index rose 8.6% in May compared to the same period last year, the fastest pace since December 1981.
The increase in May is explained by a sharp increase in energy prices, which rose by 34.6% compared to 2021, the price of food rose by 11.9% compared to 2021. Prices for used cars and trucks in May rose by 1.8% compared to April. The cost of housing in May rose by 5.5% compared to last year.
The economic question consistently ranks first among the topics discussed by Americans. And the incapacity of the Biden administration was the main reason for the decline in the president’s rating, which fell to 33%.
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