Inflation in the United States at Its Highest Level Since 1981

Official data released on Friday indicated that inflation in the United States accelerated in May to a rate of 8.6%, the highest level since December 1981. According to data from the U.S. Department of Labor, consumer prices (CPI) increased by 8.6% in May 2022 compared to the same month last year. This is the highest level since December 1981, with the index recorded at 8.3% in April. The inflation data came in higher than experts' expectations, confirming the difficult economic situation facing the United States. Analysts surveyed by Bloomberg had predicted an average increase in consumer prices of 8.3%.