At the end of April of the current year, inflation in the United States acted to 4.2 percent and became the maximum since the time of the global financial crisis of 2008, and the prices broke the record of the decade. According to CNBC, economists surveyed by Dow Jones, expected 3.6 percent growth.
At the same time, consumer prices in April rose by 0.8 percent compared to March, although analysts were waiting for growth only by 0.2 percent. According to the American Ministry of Labor, the current indicator is caused by the growing demand as the proliferation of coronavirus is weakened.
In addition to the increase in prices, one of the main reasons for a large annual increase was the effect of a low base, that is, inflation at this time in 2020 was very low, since the pandemic caused a widespread stop of the US economy. Annual comparisons will be distorted for several months due to the impact of the pandemic, the agency noted.
The recent Gallup poll showed that the Americans in general began to live better. According to the study, 57 percent of US residents describe their current financial position on “excellent” or “good.” A year ago, only 49 percent of Americans thought so. In addition, 52 percent of respondents said that their welfare is constantly growing, this indicator in the country was equal to the level of 2019. At the beginning of the coronavirus pandemic in the spring of 2020, the amount of satisfied sufficient was at the level of 35 percent.