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12 Aug 2022 6:54
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  •   Home > News > Business

    Consumers are feeling the pinch in the US - as prices soar.. with the cost of petrol and food hitting a record high - the largest annual increase in 40 years

    Consumers are feeling the pinch in the US - as prices soar.. with the cost of petrol and food hitting a record high - the largest annual increase in 40 years


    The faster than expected increase in inflation last month in the States also reflected a surge in rents, which increased by the most since 1990.

    It's heighten fears of either an outright recession or very slow economic growth.

    The Federal Reserve may continue with its interest rate hikes through September to combat inflation.

    © 2022 Newstalk ZB, NZCity

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