Thegrio Politics
@thegriopolitics·150K subscribers·8.3K videos
Rising CPI, Inflation Rates Drive Up Costs for Consumers
Posted
January 15, 2022
Views
297
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11
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6
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5.72%
January 15, 2022
297
11
6
5.72%
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12:33Now PlayingOver the last year, the costs of popular breakfast food increased over 19%.
Food in general is more expensive, and so are cars, clothing, rent and even gas, and it’s all thanks to rising inflation.
A little over a year ago, the Feds predicted that 2021 would end with consumer prices 1.8% above what they were in 2020.
The consumer price index actually surged to 7%, which is its highest since 1982. After dealing with the coronavirus and the economic toll it has taken on Americans, this seems unfair.
Rakeen Mabud, chief economist and managing director of research and policy at the Groundwork Collaborative, joins Aisha Mills on “AMplified” to give insight on the state of inflation.
All this and more on “AMplified.”
To watch BNC programming, visit
Follow BNC on social media:
#CPI #Economy #Inflation
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