By — Geoff Bennett Geoff Bennett By — Molly Mazilu Molly Mazilu Leave your feedback Share Copy URL https://www.pbs.org/newshour/show/u-s-inflation-report-highlights-strain-of-rising-food-energy-and-housing-costs Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Audio High inflation persisted last month, providing little relief for Americans struggling with affordability. It is driven largely by food and energy price increases, but housing costs also rose. The country appears to be headed for an annual inflation rate of about 4% this year. To discuss what it means for the economy, Geoff Bennett spoke with Austan Goolsbee of the Federal Reserve Bank of Chicago. Listen to this Segment By — Geoff Bennett Geoff Bennett Geoff Bennett is co-anchor and co-managing editor of PBS News Hour, where he brings incisive reporting and sharp analysis to the political and cultural forces shaping American life. @GeoffRBennett By — Molly Mazilu Molly Mazilu
U.S. inflation report highlights strain of rising food, energy and housing costs
In short
Persistent price pressures offered little relief to households last month as vital household expenses continued to climb. The elevated figures have been primarily spurred by growing costs associated with housing alongside food and energy. Consequently, current trends point to the country heading toward an annual inflation rate of approximately 4%. To break down the economic fallout, PBS News Hour co-anchor Geoff Bennett discussed the report with Federal Reserve Bank of Chicago official Austan Goolsbee.
Key points
- Persistent high inflation continues to strain American households by offering no relief o…: Persistent high inflation continues to strain American households by offering no relief on basic affordability.
- The United States faces an expected annual inflation benchmark hovering near the four per…: The United States faces an expected annual inflation benchmark hovering near the four percent mark this year.
- Federal Reserve officials are actively analyzing the broader economic fallout caused by t…: Federal Reserve officials are actively analyzing the broader economic fallout caused by these sustained price increases.