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NJ Spotlight News | Business Report: The inflation surge continues | Season 2022

Consumer prices in March were 8.5% above their March 2021 levels
The video from PBS, titled "Business Report: Inflation Surge Continues," discusses the ongoing issue of inflation in the U.S. economy. It highlights that despite efforts by the Federal Reserve to control inflation through interest rate hikes, consumer prices continue to rise at a significant pace. The report mentions that the Consumer Price Index (CPI) increased by 8.5% over the past year, driven by higher costs in energy, food, and housing. Experts in the video express concerns about the potential for stagflation, where high inflation coincides with stagnant economic growth. They also discuss the impact of global supply chain disruptions and the war in Ukraine on inflation. The video concludes with a call for continued monitoring of economic indicators to assess the effectiveness of current monetary policies.

Read the Full PBS Article at:
[ https://www.pbs.org/video/business-report-inflation-surge-continues-1649788326/ ]


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