The hopes of the most optimistic to see inflation slow in the United States have been dashed.
The consumer price index for the month of May reveals, on the contrary, an aggravation of the problem.
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The soaring prices are accentuated in the United States
America is experiencing its most serious price spike in forty years.
In May, the price index jumped 1% over one month, and 8.6% over the year, against 8.3% in April.
In addition, core inflation, measured without taking into account volatile energy and food prices, gained another 0.6%.
The surge in energy prices in recent days, with a gallon (4.8 liters) of gasoline at the pump now averaging $4.99, is likely to spill over to other commodities in the coming weeks. .
Price spike
Over twelve months, the prices of food products have already soared by 11.9%, those of electricity by 12% and those of gasoline by 49%.
The most modest households are seeing their purchasing power seriously reduced, which is beginning to be felt in consumer habits.
As in Europe, in addition to the surge in energy, some increases result from shortages of certain products, due to malfunctioning supply chains.
But the United States is also suffering from a clear excess of demand relative to supply, due to its situation of full employment, which is fueling increases in labor costs.
The acceleration of inflation will encourage the Federal Reserve, which is meeting next week, to raise its key rate sharply and several times over the coming months.