(12 Apr 2022)
FOR CLEAN VERSION SEE STORY NUMBER: 4375390
ASSOCIATED PRESS
Alameda, California - 11 April 2022
1. Woman looks at groceries on shelves at Alameda Food Bank
ANNOTATION: Rising prices for gas, food squeeze U.S. consumers
2. Customers look for produce at Alameda Food Bank
ANNOTATION: Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing Americans.
3. Man looking at eggs
4.  Jason Emerson, Oakland resident at car
5. Gas price sign at Chevron station
6. SOUNDBITE (English) Jason Emerson, Oakland resident:
"Gas prices are up obviously, everyone knows that. You know, so that's an extra dollar per gallon that I'm paying to get into the city to work. And then, you know, we have the tolls that just went up this past year a dollar, my eggs are a dollar more as well. So everything's going up at least a dollar, which, you know, adds up, of course, especially when you have kids and I'm going to get groceries."
7. Various of Emerson
8. SOUNDBITE (English) Jason Emerson, Oakland resident:
"My rent is absolutely ridiculous. So ... and I just kind of see a kind of climbing and climbing and climbing to the point where I'll probably be just another one of these hundreds of thousands of people that's moving out of California."
ANNOTATION: The Labor Department said Tuesday that its consumer price index jumped 8.5% in March from 12 months earlier — the biggest year-over-year increase since December 1981. Prices have been driven up by bottlenecked supply chains, robust consumer demand and disruptions to global food and energy markets worsened by Russia's war against Ukraine.
The government's report also showed that inflation rose 1.2% from February to March, up from a 0.8% increase from January to February.
9. Various of food and shoppers  
STORYLINE:
Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers and wiping out the pay raises that many people have received.
The Labor Department said Tuesday that its consumer price index jumped 8.5% in March from 12 months earlier — the biggest year-over-year increase since December 1981. Prices have been driven up by bottlenecked supply chains, robust consumer demand and disruptions to global food and energy markets worsened by Russia's war against Ukraine.
The government's report also showed that inflation rose 1.2% from February to March, up from a 0.8% increase from January to February.
The March inflation numbers were the first to capture the full surge in gasoline prices that followed Russia's invasion of Ukraine on Feb. 24. Moscow's brutal attacks have triggered far-reaching Western sanctions against the Russian economy and have disrupted global food and energy markets. According to AAA, the average price of a gallon of gasoline — $4.10 — is up 43% from a year ago, though it has fallen back in the past couple of weeks.
The escalation of energy prices has led to higher transportation costs for the shipment of goods and components across the economy, which, in turn, has contributed to higher prices for consumers.
The latest evidence of accelerating prices will solidify expectations that the Federal Reserve will raise interest rates aggressively in the coming months to try to slow borrowing and spending and tame inflation. The financial markets now foresee much steeper rate hikes this year than Fed officials had signaled as recently as last month.
===========================================================

Find out more about AP Archive: [ Ссылка ]
Twitter: [ Ссылка ]
Facebook: [ Ссылка ] ​​
Instagram: [ Ссылка ]


You can license this story through AP Archive: [ Ссылка ]

свернуть