[World Side] The soaring price of gasoline and food has pushed US inflation rates to Xin Gao Biden and the Democratic Party in 40 years.

China Daily, July 15th. The Guardian website reported on July 13 that the growth rate of inflation in the United States in June exceeded expectations, which was mainly affected by the rise in gasoline, food and housing prices. Annual increase. The news is also basically determined that Federal Reserve will raise interest rates again this month.

The US Department of Labor said on the 13th that the US Consumer Price Index (CPI) rose by 1%in May, and rose by 1.3%in June, pushing the inflation rate from 8.6%to 9.1%. According to data from the American Automobile Association (AAA), US gasoline prices reached a record high in June, with an average of more than $ 5 per gallon.

In addition, the inflation rate in a total of 8 cities reached double digits, an increase of 4 more than May. Among them, the inflation rate of Seattle, Miami, Houston, and Baltimore broke the double digits for the first time since 20 years ago. The other four cities are Atlanta, Tanpa, Riverside-San Bernardino). And Phoenix.

It is reported that due to the influence of American inflation and possible interest rate hikes, the US dollar against the euro exchange rate has reached its parity for the first time in the past 20 years. The exchange rate of the euro against the US dollar once reached 1 to 0.9998 US dollars on the 13th, and the lowest level since December 2002 has fallen by 0.4%, and this year has fallen by more than 10%.

The inflation data announced this time has increased the pressure from the US President Biden and the Democrats of Congress. Biden's support rate has fallen to 33%, and the support rate of the Democratic Party of Congress has also dropped sharply before the midterm elections.

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