United States: Inflation comes in at highest level since August 2008 in May

united states inflation comes in at highest level since august 2008 in may

Sumary of United States: Inflation comes in at highest level since August 2008 in May:

  • Recent high inflation figures have been driven by a combination of government stimulus, an easing Covid-19 pandemic, higher commodity prices, the semiconductor shortage affecting car production, high domestic travel demand and a favorable base effect..
  • Over time supply is expected to adjust, but with pandemic-related supply shortages and constraints still in place the process could take some time…

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