USA, the inflation rate rises again

  Contrary to the promises of the Biden government, the inflation rate in America has risen again… and has reached 3.2% due to the increase in house prices. Data released by the US government Thursday local time showed that consumer prices rose 3.2% in July compared to last year. This rate has increased over the same period last year through June 3. According to AAA, although the inflation rate in this country is lower than last year's inflation rate of 9.1%, it is still far from the Central Bank of America's goal of reducing the inflation rate to 2%. Thursday's data is one of the key factors the Federal Reserve will use in deciding whether to continue raising interest rates. In its effort to curb inflation, the Central Bank of America has hiked the interest rate 11 times since March 2022 to its highest level in 22 years. US gasoline prices rose nearly 30 cents last month to a national average of $3.83 a gallon.