The United States is 9.1%, IMF: Difficulty, even more difficult!

Author:Global Times Time:2022.07.14

On July 13, local time, the latest data released by the US Ministry of Labor showed that the June consumer price index (CPI) in the United States rose 1.3%month -on -month and 9.1%year -on -year. Refresh the highest record in 40 years. Market participants are generally worried that the high inflation will not show signs of slowing down for a long time in the future. The haze of inflation will exacerbate the risk of falling into the decline of the US economy.

After the U.S. Department of Labor announced a 9.1%inflation rate, the US stock index futures dived collectively. Worried about the increase in risks of the United States and global economic recession, global gold and oil prices have fallen sharply.

The Associated Press said that in the past year, consumers have been paying higher prices for almost everything: soaring oil prices, more expensive food and rent, and higher prices of accommodation costs for cars and hotels. As the price of many essentials rose faster than the growth rate of income, prices significantly highlighted the brutal impact of inflation on many families' economic conditions.

It is reported that the rising prices have cracked down on consumer confidence. Their confidence in the US economy has declined sharply, dragging down President Biden's support rate, and bringing major political risks to mid -term elections. In the latest polls, 40%of the American adults said that solving inflation problems should become the top priority of the government, a significant increase from 14%in December last year.

Bloomberg quoted economists as saying that although everyone expects that CPI data will rise in June, up to 9.1%of inflation numbers are still surprising. This marks an important signal: U.S. inflation has not yet been topped. Although oil prices have declined since July, inflation will still rise again later.

For the new inflation data, the Biden government has frequently dumped Russia. In order to calm the anger of the people, the White House was thrown out of the "inflation and outdated theory." US President Biden said on the 13th that the US inflation data was "unacceptable", but "it did not reflect the recent improvement." Biden issued a statement on the same day: "Although today's inflation data is highly high, it has been out of date ... Today's data has not reflected all the influence of the decline in gasoline prices in recent days."

Fox News said that the Bayeng government is trying to find evidence that the US inflation level has reached peak, but they did not find good news, and the inflation figures in June showed that the price would continue to rise. It is reported that the rapid rise in prices has also become a political negative asset of Biden. Biden blamed the price of prices on the interruption of the supply chain caused by the epidemic and the special military operations of Russia in Ukraine. However, most economists believe that the U.S. government's unprecedented stimulus policy has also played a great role in pushing prices.

Agence France -Presse said that due to concerns about the inflation of the US and Europe, the global economy was dragged down, and the president of the International Monetary Fund (IMF) Georgieva said on the 13th that the global economic prospects have "significantly darken" and may further deteriorate. IMF has repeatedly reduced the discipline of the US country this year and Ming Dynasty, and at the same time raised the U.S. unemployment rate, and warned that the inflation rising comprehensive increase may form a "systemic risk" to the United States and the global economy. Golkiyeva said: "2022 will be a difficult year, 2023 may be a more difficult year, and the risk of economic recession will increase."

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