Santa Cruz County Chamber Of Commerce: Federal Reserve And Controlling Inflation

Scotts Valley CA

16 June, 2022

3:04 AM

Description

Press release from the Santa Cruz County Chamber of Commerce: June 14, 2022 America's rampant inflation is imposing severe pressures on families, forcing them to pay much more for food, gas and rent and reducing their ability to afford discretionary items, from haircuts to electronics. Economists do expect inflation to ease this year, though not by very much. Some analysts have forecast that the inflation gauge the government reported last Friday — the consumer price index (CPI) — may drop below 7 percent by year's end. In March, the year-over-year CPI reached 8.6 percent, the highest such rate since 1982. Can't see the table below? Click here to view the original story. This press release was produced by the Santa Cruz County Chamber of Commerce. The views expressed here are the author's own.