As noted Bloomberg, essential goods have risen in price significantly: food – by 5.3% (maximum since January 2009), gasoline – by 6.1% (maximum since March 2021), electricity – by 1.8% (maximum since 2014) …
The agency clarifies that the rise in consumer prices signals a recovery from the effects of the COVID-19 pandemic, while undermining the purchasing power of Americans.
As explains Reuters, in the United States there is a shortage of personnel (for example, the number of applications for unemployment benefits fell to a 20-month low). Employers are raising wages to retain employees, but inflation “is undermining wage growth, increasing the political risk for President Joe Biden, whose approval rating is falling amid rising economic concerns in America.”
Outbreak of coronavirus infection COVID-19 started at the end of 2019 in China… On March 11, 2020, the World Health Organization declared the spread of the coronavirus a pandemic.
Due to the quarantine introduced due to the epidemic, enterprises were closed in many countries, which provoked a large-scale economic crisis. According to the IMF, this the most serious crisis since the Great Depression.
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