Azerbaijan news
Inflation in the United States has reached a 40-year high – REASON
In May, inflation in the United States rose 0.3% to 8.6%, the highest level since 1981.
This was reported by the US Department of Labor.
According to the report, the rise in prices has affected all sectors. The most significant increase was recorded in fuel, food and housing prices. During the year, energy prices rose 34.6% to their highest level since 2005.
The price of 1 gallon of gasoline (4.55 liters) in the country was $ 5. This means an increase of about 62% on an annual basis. In June last year, a gallon of gasoline was $ 3.07.
Experts attribute the rise in prices mainly to the conflict in Ukraine.
Experts attribute the rise in prices mainly to the conflict in Ukraine.