(USA) Prices in US rise 5.4% in 12 months to end June. Is this a sign of worse to come?

09/16/2021

With used cars and food accounting for a consumer prices hike, the number of 5.4% represents the greatest increase since 2008. It was a surprise for some and confirmation of a sickness within the economy for others. Federal Reserve reckons current inflation pressures will only be a temporary phase in the re-modelling of the economy. Let's hope they are right because if not ... the future will not be looking quite so bright for the average American!