Latest Breaking News On - குறி ஹாம்ரிக் - Page 15 : comparemela.com

Jul 2, 2021 5:42 PM EDT The U.S. economy is awakening from a coma. That was the analogy used by more than one economist who spoke with the PBS NewsHour about the uptick in consumer prices that Americans have experienced over the past few months one year after the coronavirus pandemic brought the economy to a grinding halt. The prices of goods and services in the U.S. rose by 5 percent in May from the previous year, marking the highest inflation rate recorded since 2008. The latest Bureau of Labor Statistics report released on June 10 immediately sent some investors and lawmakers into a tailspin over concerns that high inflation figures could negatively affect the stock market, or lead to a price spiral not unlike what happened in the 1970s, when double-digit inflation led to long lines at gas stations and boycotts over the high cost of food.

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