US inflation still stubbornly high despite October slowdown

BY - Akkas Molla BY - Akkas Molla

● The price of gas in America has come down, but on the other hand, the price of everything else is increasing.

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● Due to which inflation is becoming a burden for the people living in America and the economy continues to grow.

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● The price of things has increased by 8.3% compared to last year. By removing food and energy power costs. Still it is worrying.

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● For this reason, the Federal Reserve Bank can increase the interest rate and accelerate the recession.

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● The government said on Tuesday that apart from other items, furniture and sports gear have also become expensive.

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● Stock prices have also come down. The S&P 500 index has also fallen, along with the bond yield.

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● The price of chicken has increased by 17% compared to last year. Which has increased by 40 percent as compared to last year

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● The price of eggs has increased by 2.9% in the month of July to August.

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