Thinker101
Diamond Member
- Mar 25, 2017
- 24,884
- 15,189
- 1,415
- Thread starter
- #21
It's gonna be high until supply catches up to demand. That's just basic economics, kid.The annual inflation rate for the United States is 4.2% for the 12 months ended April 2021 after rising 2.6% previously, according to U.S. Labor Department data published May 12.
We appear to be on track for a huge surprise by August.
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Ave 2021 1.4 1.7 2.6 4.2 2020 2.5 2.3 1.5 0.3 0.1 0.6 1.0 1.3 1.4 1.2 1.2 1.4 1.2 2019 1.6 1.5 1.9 2.0 1.8 1.6 1.8 1.7 1.7 1.8 2.1 2.3 1.8 2018 2.1 2.2 2.4 2.5 2.8 2.9 2.9 2.7 2.3 2.5 2.2 1.9 2.4
Current US Inflation Rates: 2000-2021 | US Inflation Calculator
Sorry for your luck.
Dang, sorry to hear you were awake only on the first day of economics class.