Gasoline prices soar, US inflation rate rises for the second consecutive month
According to ABC News on September 13th, the latest data released by the US Bureau of Labor Statistics shows that the US inflation rate experienced a second consecutive month of increase in August.
The Consumer Price Index report shows that the average cost of basic goods for the American public increased by 0.6% from July to August, and has risen by 3.7% since August last year. The fundamental reason driving growth is related to the significant increase in energy costs, with gasoline costs in August increasing by 10.6% compared to July and fuel costs increasing by 9.1% compared to July. Experts say that the surge in oil prices is related to OPEC countries reducing production.
Inflation is a topic that the US media continues to pay attention to. The latest data released by the US Census Bureau on the 12th shows that due to factors such as high inflation, the child poverty rate in the United States has seen its largest annual increase on record in 2022, increasing from 5.2% in 2021 to 12.4% in 2022, more than doubling.
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