According to a report by the US "Capitol Hill" on November 14 local time, the Consumer Price Index (CPI) data of the US Bureau of Labor Statistics shows that almost every aspect of the US economy is affected by inflation.
The Consumer Price Index shows that the prices of consumer goods and services have increased by 6.2% from October 2020 to October 2021, which is the largest increase in a 12-month period in the past 31 years.
From October 2020 to October 2021, the price of milk has risen by 17%; the price of eggs has risen by 42%; the price of energy services has risen by more than 11%; the average price of houses in the United States has risen by $70,000.
Kelley Blue Book reported in October that since the end of 2020, the average price of new cars in the United States has risen by $5,000.
The inflation crisis has caused millions of Americans to withdraw from the real estate market, and many families can hardly afford to spend on important items such as cars.
Therefore, when economic growth is urgently needed, market demand is declining.
From August to September, sales in the US auto industry fell by 7.3%.
Brian Diss, director of the National Economic Council of the United States, pointed out in an interview on the 14th that the Democratic Party’s social spending plan is a solution to US inflation. The government will pass a $1.75 trillion spending plan to the House of Representatives this week. Have confidence".
(CCTV reporter Yin Yue)