Where Prices Are Rising The Fastest "Recession Foretold"

BlackRock says central banks are 'deliberately' causing recessions, and warns of a downturn unlike any other. Learn where prices are rising the fastest "recession foretold"

▶ TIME STAMPS
00:00 Fed Action Opening Market Turns
00:59 Inflation Fight Continues
1:25 Real Story US Economy
2:52 Prices Continue To Rise
4:15 Food Costs Rise
5:15 Rents Rise
5:33 Energy Costs Rise
6:57 Automotive Costs
7:35 Inflation Prices Are Rising
7:53 Recession Foretold - Outro

▶ VIDEO NOTES

November inflation breakdown: Where are prices rising the fastest?
Steep increases in food, rent costs kept inflation high last month.

Inflation continued to grip the U.S. economy in November as the soaring cost of rents and food kept consumer prices painfully high.

The Labor Department said Tuesday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 0.1% in November from the previous month. Prices climbed 7.1% on an annual basis.

Those figures were both lower than the 7.3% headline figure and 0.3% monthly increase forecast by Refinitiv economists, a potentially reassuring sign for the Federal Reserve as it tries to tame runaway inflation with a series of aggressive interest rate hikes. It marked the slowest annual inflation rate since December 2021.

In another sign that suggests underlying inflationary pressures in the economy are starting to slow, core prices – which strip out the more volatile measurements of food and energy – climbed 0.2% in November from the previous month, down from 0.3% in October. From the same time last year, core prices jumped 6%.

Click here to read the entire article - https://www.foxbusiness.com/economy/november-inflation-breakdown-where-prices-rising-fastest

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