This is the worst inflation in nearly 40 years. But it was so much worse back then
CNN
US prices for just about everything -- from cars and gasoline to food and clothing -- are rising at the fastest pace in decades.
Overall, consumer prices rose in 2021 at the fastest pace in 39 years, meaning this is the worst inflation experienced by anyone not on the cusp of retirement or older.
But, as those older Americans can tell you, as unwelcome as it is for consumers, today's price increases are nowhere near as bad as they were in the 1970s and early 1980s. And most importantly for policymakers trying to deal with today's price hikes, what fed the double-digit prices increases in those days are not a factor today -- nor are they likely to be ever again.
A statue of Christopher Columbus has been erected outside of an ornate federal office building on the White House grounds — the latest sign of the Trump administration’s efforts to reshape cultural and historical representations across the nation’s capital.
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President Donald Trump has said ICE agents will head to US airports tomorrow amid a partial government shutdown. Follow for live updates
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President Donald Trump said Sunday border czar Tom Homan will be in charge of deploying Immigration and Customs Enforcement agents to airports on Monday, with Homan telling CNN the agents will help with security at entrances and exits to ease the Transportation Security Administration’s workload.
Donald Trump wants us to believe that a deal with Cuba is close at hand. After this past week, I am not so sure.
President Donald Trump has said ICE agents will head to US airports tomorrow amid a partial government shutdown. Follow for live updates
President Donald Trump said Sunday border czar Tom Homan will be in charge of deploying Immigration and Customs Enforcement agents to airports on Monday, with Homan telling CNN the agents will assist with security at entrances and exits to ease TSA workload amid a partial government shutdown.
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Donald Trump wants us to believe that a deal with Cuba is close at hand. After this past week, I am not so sure.