US media: high inflation allows most American families to bear serious financial pressure

US media: high inflation allows most American families to bear serious financial pressure and low -income people.

Overseas Network, August 13th. According to the US Fox Business Channel reported on the 12th, high inflation is squeezing the food grocery budget of people from all over the United States, and most American families are suffering from severe financial pressure.

According to data released by the US Department of Labor on the 10th, the price of US food groceries is high and it is accelerating. The price of household foods has reached the largest increase since March 1979.

It is reported that food prices have risen continuously are the most true phenomenon of high -inflation in the United States. Most American families, especially low -income families, have suffered severe financial pressure. Affected by the price fluctuations, they had a meager income, and their lives were miserable.

Another bad situation is that according to the relevant data of the production price index (PPI) released by the Ministry of Labor on the 11th, the US food wholesale price in July has soared by 1%, the fastest increase in 4 months. The Fox Business Channel believes that the indicator may indicate that American companies and consumers are about to face prices to rise again.

"Although the high inflation rate in the United States may soon be met, how much food and energy prices will rise, and there are still uncertainty." SEEMA Shah, chief global strategist at the United States, said, with The existence of price viscosity and the continuous transmission of price pressure, the consumer price index of the United States this year will not decline too much, and it may not be a big change until the economic recession appears in 2023. (Overseas Network/Yao Kaihong Intern Compilation/Zhang Yaxuan)

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