US consumer prices soared 6.2% over past 12 months, most since 1990

US inflation hits highest level in 30 years under Joe Biden

A wave of social media criticism has followed a shock 6.2 per cent leap in US inflation levels last month with President Joe Biden’s economic policies now facing tough scrutiny.

Biden says he will prioritize tackling rising inflation as it hits 30-year high

As the U.S. grapples with skyrocketing inflation, with prices rising a whopping 6-point-2 percent on-year in October, the largest jump in three decades, President Joe Biden has vowed to make tackling the crisis his top priority. In a statement Wednesday, Biden said he understands inflation h

Surging gasoline, food prices fan US inflation

U.S. consumer prices accelerated in October as Americans paid more for gasoline and food, leading to the biggest annual gain in 31 years, more signs that inflation could stay uncomfortably high well into 2022 amid snarled global supply chains.

Consumer prices soar, Biden doubles down on higher government spending

Consumer prices hit a 31-year high in October, a worse-than-expected report on inflation that put President Biden on the defensive and spelled more trouble for his unfinished massive social spending bill.

Prices Soar to Highest Level in 30 Years as Inflation Strains Economy

Food banks from California to Virginia are on the front lines as surging food prices and supply chain issues take their toll on family budgets.

US consumer prices soared 6.2% in past year, most since 1990

Economists still expect inflation to slow once supply bottlenecks are cleared and Americans shift more of their consumption back to pre-pandemic norms.