2021 U.S. inflation persists, with food prices up 22%, auto insurance 47%, and gasoline 16% higher; debt delinquency rate at 12-year high.

Inflation persists as a significant challenge in the U.S., despite some signs of easing. Since early 2021, food prices have risen 22%, with eggs up 87% and auto insurance nearly 47%. Gasoline remains 16% higher. The debt delinquency rate has reached 2.74%, the highest in 12 years. As the Federal Reserve prepares for its November policy meeting, it faces ongoing complexities in managing inflation, which remains above comfortable levels for many.

October 19, 2024
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