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Inflasi Amerika Serikat Mencapai 8,6 Persen, Sentuh Rekor Tertinggi Dalam 40 Tahun

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Reporting by Journalist, Nur Febriana Trinugraheni

WASHINGTON – Rising prices for gasoline, food, and most other goods and services in the United States last May pushed inflation to its highest level in four decades.

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The U.S. Department of Labor reported on Friday that consumer prices rose 8.6% last month on an annual basis, hitting a record high since 1981 and beating April inflation by 8.3%. .

This increase prompted the Federal Reserve (the Fed) to continue to aggressively raise interest rates.

In May, inflation in the United States on a monthly basis (mtm) reached 0.6%, the same figure as last April.

Quoted by USNews, this inflation raises concerns among the American public about rising prices for energy and other goods in the United States, which had previously soared due to supply chain disruptions. and Russia’s invasion of Ukraine.

“Almost all sectors have higher inflation than usual. It is making its way into every nook and cranny of the economy. That’s what worries him, because it means it’s likely to persist,” said Ethan Harris, head of global economics research at Bank of America.

Gas prices in the United States rose 4% in May and jumped nearly 50% in one year. Food prices jumped 11.9% year-on-year in May, the biggest increase since 1979.

Rising wheat and fertilizer prices after the Russian invasion of Ukraine pushed up the prices of these foodstuffs. Restaurant prices rose 7.4% year-on-year in May, hitting their highest level since 1981.

Housing costs also rose 5.5% year-on-year, the biggest rise since 1991.

Airline fares are reported to have risen 38% on an annual basis, the biggest increase since 1980.

Rampant inflation in the United States puts great pressure on low-income families in the United States, as most of their income is spent to make ends meet.

The Fed is expected to implement the fastest round of rate hikes in three decades.

By sharply raising borrowing costs, the Fed hopes to lower inflation rates without bringing the US economy to the brink of recession.

A World Bank report released this week explains that high inflation is a threatening global problem, as it can slow down economic growth around the world.

For the 19 euro-denominated countries, inflation driven by rising food and fuel prices hit a record 8.1% last month, prompting the European Central Bank to announce its first interest rate hike. interest in 11 years, starting next July.

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