The US inflation rate is at its highest level in 39 years

New York-Sana

The inflation rate in the United States reached its highest level in nearly 39 years.

And the US “CNBC” network quoted the Commerce Department as saying that the core personal consumption expenditures price index, which is the main measure of inflation at the Federal Reserve, rose during the month of January by 5.2 percent from last year, slightly higher than experts’ estimates of 5.1 percent, which is Top level since 1983.

The network indicated that by adding food and energy prices, spending on main personal consumption increased by 6.1%, which is the strongest increase since February 1982. Consumer spending accelerated faster than expected, rising by 2.1% in the month, compared to estimates of 1.6%, and after spending decreased by 0.8% In the month of last December.

Total personal savings amounted to $1.17 trillion, which translated to a rate of 6.4 percent, the lowest level since December 2013.