Record High US Inflation Current Affairs, GK & News

Record High US Inflation

On January 12, 2022, the Labour Department in United States (US) reported that consumer prices increased to 7% in December 2021 as compared to 12 months earlier, that is December 2020. Highlights The jump in the consumer prices was hottest year-over-year inflation since June 1982. The core inflation also increased to 5.5% in past year, in fastest ..

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U.S Inflation Reduction Act 2022

Government of US recently passed the “Inflation Reduction Act, 2022”. With this, it joins hands with central bank to decrease inflation. Inflation has reached to the level that was last witnessed 40 years ago. Fighting inflation is the top priority of policymakers in US. Highlights: The US Federal Reserve has hiked policy rates by 225 ..