Consumer News: Shoppers see more empty grocery shelves, inflation hits 39 year high and more
Consumer News: Shoppers see more empty grocery shelves, inflation hits 39 year high and more.
Consumer News: Shoppers see more empty grocery shelves, inflation hits 39 year high and more.
The consumer price index says consumer prices climbed some 6.8% before seasonal adjustment, the largest 12-month increase in nearly 40 years.
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The prices of food and gas are going up, and some experts fear inflation will get worse. Residents in President Biden’s hometown of Scranton, Pennsylvania say they’re already feeling the impact.
Inflation is on the rise and in a big way. On Thursday, the Labor Department reported that consumer prices rose more than 5% over the past year, the biggest 12 month inflation spike since 2008.