Washington-Sana
The annual inflation rate in the United States has risen at an unprecedented pace since the early 1980s, and the country's economy contracted last month at its fastest pace amid faltering supply chains and the spread of Corona virus infections.
And Reuters news agency quoted the US Department of Commerce as saying in a statement today that consumer spending, which represents more than two-thirds of US economic activity, fell by 0.6 percent last month, after rising by 0.4 percent last November.
The ministry explained that inflation rose, led by shortages resulting from weak supply chains, and the personal consumption expenditures price index rose 0.4 percent after rising 0.6 percent.
According to the statement, the personal consumption expenditures price index rose 5.8 percent in 12 months, the largest increase since 1982, followed by an increase of 5.7 percent on an annual basis in November of last year.