Americans are feeling the nation’s inflation, which has been driven higher as demand comes back and as supply problems caused by the pandemic linger. But compared to 2019, the jump is more muted. Here's a look at one family's day-to-day expenses.
SOUTH JORDAN, Utah—Johnny and Joanna Galbraith are spending more this year on most items in their budget for their family of three young children.Many others are caused by inflation, with overall consumer prices up 5% in May from a year earlier, the biggest surge since August 2008.
Inflation is being fueled by growing demand, as more people take flights to Florida or buy new clothes as they emerge from Covid-19 lockdowns. Supply pressures are also a factor, such as a container ship filled with goods getting stuck in the Suez Canal and companies’ difficulty finding employees. The consumer-price index is the benchmark for inflation and measures what consumers pay for everyday items, including groceries, clothing, recreational activities and vehicles.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Joy Bryant and Henry Simmons to Star in ‘Cherish the Day’ Season 2 (TV News Roundup)Joy Bryant and Henry Simmons will star in the second season of Ava DuVernay’s anthology series, “Cherish the Day.” Production of the OWN drama series will begin in July, with Season 2 expected to d…
Read more »
Howard University lands Nikole Hannah-Jones and Ta-Nehisi Coates on the same dayOn Tuesday, Howard University made two high-profile hires, welcoming journalists Ta-Nehisi Coates and Nikole Hannah-Jones to its faculty.
Read more »
Video: Tom Hanks, Joanne Rogers on kindness in ‘A Beautiful Day in the Neighborhood’The actor was joined by Fred Rogers' wife in their first joint interview for “Nightline.” Hanks said of Rogers’ message: “Being kind is a choice that you can make absolutely every single day.'
Read more »
Could a four-day working week become the norm?One idea, long batted about by trade unions and certain economists, is that people can work for fewer hours without reducing their overall productivity
Read more »
Charlotte McKinney soaks up the sun in string bikini during Los Angeles beach dayCharlotte McKinney enjoyed a day at the beach in Los Angeles with her boyfriend Nathan Kostechko. The actress wore a printed two-piece for the outing.
Read more »
Fifty Day: Petra : Black Tortoise PressFifty Day: Petra via blacktortoise
Read more »