2022 Clocking News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Reporter, brian chung, breaks down the numbers. overall, inflation picked up steam over the beginning of 2022. clocking in at 9% in june. the fastest pace of price increases since the 19 80s. food prices soared, a gallon of milk now averaging $4.22, chicken a buck 84 a pound, and a dozen great eggs $3.59 a dozen. all more expensive than this time last year. gas prices topped $5 a gallon in the summer before tilting below $3.50, in the later part of the year. and then rent, the biggest spend for most households, jumping 78%. inflation did show signs of backing off the later parts of the year. as the federal reserve accelerated the pace of its interest rate increases. one quarter of a percentage point. i half percentage point. three quarters of a percentage point. the fed continued to raise rates at that pace, a speed not seen in decades. the idea? to make borrowing costs expensive enough to slow the economy, and inflation. among this sharper slowdowns in ....

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