Inflation in the United States, the world's largest power, is at an all-time high of 40 years. Inflation has risen to an all-time high, especially in the wake of the Russia-Ukraine war, with rising crude oil prices pushing up fuel, food, real estate and migrant prices in the United States.
US inflation
The U.S. Consumer Price Index rose 7.9 percent in february from 7.5 percent in January, according to the US Department of Labor. Global inflation rose 0.8% in Feb.
Expensive
The main reason for the rise in US inflation is the rise in petrol, food and shelter costs. Inflation rose to 0.5% in february from a year earlier, despite a sharp rise in food prices and rising energy prices.
Interest rate
The US Federal Reserve is forecast to raise interest rates by at least 0.25 percent by the end of march to control inflation. It is noteworthy that the US Federal Reserve planned to raise interest rates to 0.50 percent.
Fuel
The rise in crude oil prices has affected all sectors, mainly due to the fact that fuel plays an important role in the supply and transportation of all commodities. The rise in prices of metals and various raw materials also plays an important role in increasing inflation in the manufacturing sector.