Prices in the U.S. are rising at the fastest pace in three decades.Inflation is likely to continue to rise.
InflationLast month, it was 6.2%, a record high since 1990.The annual increase in the core index of food and energy prices was 4.6%, the highest values since 1991.
The rise in prices has spread far beyond thosesectors of the US economy that were most affected by the national lockdown. Leading economists predict an even bigger spike in inflation in the coming months because key drivers such as hot housing markets and the global energy crisis will not disappear anytime soon.
Sarah House, senior economist at Wells Fargo & Co, said:
We will see inflation worsening before the situation improves.
Experts do not expect much relief until next spring.The Joe Biden administration has repeatedly stated that the growthHowever, pressure and calls to curb the effects of the pandemic are growing louder.And the president announced a priority fight against inflation, after the publication of the latest figures.
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