U.S. media: High inflation puts most American households under severe financial stress

　　U.S. media: High inflation puts most American families under severe financial pressure, low-income people suffer

　　Overseas Network, August 13. According to a report by Fox Business Channel on the 12th, high inflation is squeezing the grocery budgets of people across the United States, and most American families are suffering from severe financial pressure.

　　U.S. Department of Labor data released on the 10th showed that U.S. grocery prices remain high and are accelerating, including the largest increase in household food prices since March 1979.

　　The report said that rising food prices are the most real phenomenon of high inflation in the United States, and most American families, especially low-income families, are suffering from severe financial pressure.

Severely affected by price fluctuations, they, who originally had meager incomes, lived a miserable life.

　　Another bad situation is that according to the producer price index (PPI) data released by the Labor Department on the 11th, the wholesale price of food in the United States surged 1% in July, the fastest increase in four months.

Fox Business Channel believes that the indicator may indicate that US companies and consumers are about to face another price rise.

　　"While high U.S. inflation may soon peak, there is still uncertainty about how much food and energy prices will rise," said Seema Shah, chief global strategist at Principal Global Investors. Due to the existence of price stickiness and the continuous transmission of price pressure, the consumer price index in the United States will not see a big drop this year, and it may not change significantly until the recession in 2023.

(Overseas Network/Yao Kaihong Intern Compilation/Zhang Yaxuan)