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An overview of the ECB s monetary policy strategy
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BoC: Firms inflation expectations increased in Q2
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ASX to rise, oil advances on Saudi-UAE stalemate
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Consumer prices rising at historic pace: What it means for your personal finances
By Kelsey Ramirez article
Risks of inflation are rising and consumer prices increased at their highest rate in more than a decade, driven by increasing auto prices. (iStock)
Consumer prices increased in May, surging 5% year-over-year before seasonal adjustment – the highest annual growth since August 2008 when prices rose 5.4% annually, according to the latest
Consumer Price Index from the U.S. Bureau of Labor Statistics. The surge marked the highest rate of increase in nearly 13 years and was driven by pent-up demand from the COVID-19 pandemic.
If prices are rising faster than you can keep up with, consider taking out a personal loan to consolidate debt and decrease your monthly payments.
Consumer prices rising at historic pace: What it means for your personal finances
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