Record US Inflation rate and the prohibitive cost of living

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Rising costs in the US have pushed American citizens to the edge with soaring inflation and the government’s inability so far to control the situation.

According to the labor department, the annual inflation rate rose to 8.6% in May shattering any hope Americans might have had for relief.

With inflation hitting the highest rates since 1981 the rising cost of living has been squeezing households and putting pressure on policymakers to bring the situation under control.




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