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.
5 months ago
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