American consumers are grappling with the hottest inflation in a generation, and some parts of the country are seeing steeper price increases than others.
Other states are also experiencing inflation that's well above the national average: Prices were up 7.9% in a slew of states, including North Dakota, South Dakota, Nebraska, Kansas, Minnesota, Iowa, Maryland, West Virginia, North Carolina, South Carolina, Georgia, Florida, Texas, Oklahoma, Louisiana, Arkansas, Missouri, Illinois, Wisconsin, Indiana, Michigan and Ohio.
By comparison, prices in the mid-Atlantic – New York, New Jersey and Pennsylvania – were far lower, climbing 6.1% in January from the year-ago period. The New England region experienced the next-lowest rates with 6.6% inflation. Rising inflation is eating away at strong wage gains that American workers have seen in recent months: Real average hourly earnings rose just 0.1% in January from the previous month, as the 0.6% inflation increase eroded the 0.7% total wage gain, according to the Labor Department. On an annual basis, real earnings actually declined 1.7% in January.
The average American is shelling out an extra $276 a month on goods and services because of inflation, according to a new Moody's Analytics
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Inflation's shock to economy complete as small business tipping point reachedMore small business owners say they need to raise prices and don't expect inflation to decline, a signal that higher prices have overtaken Main Street.
Lire la suite »
Soaring Inflation Means Britons Face Biggest Fall in Real Incomes in 30 YearsInflation is galloping ahead of wage growth, a stark illustration of the challenge facing central banks as they try to tame prices without snuffing out recoveries from the pandemic.
Lire la suite »
Wholesale prices likely surged again in January as inflation acceleratesWholesale prices likely accelerated again in January as strong consumer demand and pandemic-related supply-chain snarls continued to fuel the highest inflation in decades.
Lire la suite »
Wholesale prices jump 9.7% in January, further evidence of red-hot inflationWholesale prices accelerated again in January as strong consumer demand and pandemic-related supply-chain snarls continued to fuel the highest inflation in decades.
Lire la suite »
Rising costs may overtake new Isle of Man budget, MLC warnsConcerns are raised about inflation and fuel prices as David Ashford's financial plan is approved.
Lire la suite »
Used car prices are up by over 40% from last yearThe computer chip shortage is contributing to the higher new car price tag.
Lire la suite »