The Uneven Impact of Inflation: A Breakdown of Price Changes Since February 2020

Despite cooling in July, US consumer prices have risen sharply since February 2020 due to a perfect storm of inflationary pressures, with the CPI-U increasing 20.9% compared to just 9.1% assuming the Fed's 2% target. Transportation prices have risen most steeply, up 30.4%, while education and communication have seen the smallest increases at 5.2%. Food, beverages and housing have also seen above-average price hikes of 25.2% and 23.7% respectively. While inflation may return to 2%, prices will remain elevated and the effects of the crisis will linger. Energy prices, when looked at separately, have seen the biggest increase of all at 30.4% since February 2020.

#USinflation #transportation #economy #USeconomy

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🚨 🚨 US Economy Surges Ahead! 🔥🇺🇸

The US economy has outperformed expectations in Q2, achieving an impressive 2.8% growth rate. Consumer spending is robust, government investment is on the rise, and businesses are replenishing their inventories. It's a triple win for the economy!

Adding to the positive outlook, inflation is beginning to ease, offering much-needed relief. This development could lead to more disposable income and the potential for an interest rate cut by the Federal Reserve. The US economy is regaining its momentum and moving forward with strength.

Let's keep an eye on whether this positive trend continues. Kudos to Santiment for providing valuable insights! 🤝

#USeconomy #inflation #FED #BullBanter #Write2Earn!

US Economy is on FIRE! 🔥🇺🇸

Can you believe it? 💻👀👉 The US economy just crushed it in Q2! We're talking a solid 2.8% growth rate, way better than anyone expected. 📈 Consumers are spending like crazy, the government's shelling out cash, and businesses are stocking up. 💪

Even better news? 🤷 Inflation is cooling down! 🌞 This could mean good things for your wallet. And get this, the Fed might actually lower interest rates soon!

Looks like the US economy is back on track. Let's see if this hot streak can keep going! #USeconomy #inflation #FED

Thanks Santiment & Holger Zschaepitz for info!! 🤝

Deflationary is being banned in this century.

Since 1950 to the recent year, the USA chart has shown an improvement from inflation as it never goes down to deflationary mode.

This does not imply that there haven't been difficulties with the economy, either. Several monetary and fiscal measures have been put in place to control inflation and encourage long-term economic expansion. For example, the Federal Reserve has been instrumental in controlling the money supply and interest rates to prevent both excessive inflation and deflation.

Globalization and technology improvements have also had an impact on the economy in addition to these indicators. Technology advancements have raised productivity, while international trade has broadened market and supply chain options. These elements have helped to make the economy more robust so that it can endure different shocks and strains.

As the twenty-first century progresses, preserving a stable economic climate continues to be of primary importance. In order to maintain a sound balance between growth and stability, policymakers are nevertheless keeping a careful eye on economic indicators and are prepared to modify their plans as necessary. To secure long-term prosperity, both the public and private sectors are making investments in infrastructure, environmental practices, and education.

Even though the threat of deflation can seem far off, historical lessons teach us the value of being watchful and taking preventative action. We can work toward an economy that serves all citizens and offers chances for future progress and well-being by taking lessons from the past and embracing innovation.

#Deflationary #inflationary #USeconomy

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