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2021-12-11 17:40
U.S. inflation hits near 40-year high
TEHRAN - New data shows the rate of inflation rose 0.8% in November in the United States following last month’s record rise. The U.S. Bureau of Labor Statistics has recorded an increase of 6.8% over the last year which means inflation has hit the highest growth since 1982. Many sectors have been hit by a rise in prices including gas, food and housing with the average American feeling the pinch.
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2021-11-16 17:52
What’s behind the rise in U.S. inflation?
TEHRAN - This week, the U.S. labor department announced an increase in the consumer price index (a basket of products ranging from gasoline and health care to groceries and rents). The CPI has risen to 6.2% compared with the same period last year. The announcement means the country is now facing the highest annual inflation rate in more than 30 years (since November 1990).