US inflation jumps to 30-year high

US prices are rising at the fastest pace in three decades. Inflation will likely continue to rise.

Inflation last month was 6.2%, the highest since 1990. The annual increase in the core food and energy price index amounted to 4.6% - the highest values ​​since 1991.

The rise in prices spread far beyond those sectors of the US economy that were most affected by the national lockdown. Leading economists are predicting an even bigger jump in inflation in the coming months because key factors such as hot housing markets and the global energy crisis won't go away anytime soon

Wells Fargo & Co senior economist Sarah House said:

We'll see inflation get worse before things get better.

Experts don't expect much relief until next spring. The Joe Biden administration has repeatedly said that rising prices are temporary. However, pressure and calls to curb the effects of the pandemic are growing louder. And the president announced a priority fight against inflation after the publication of the latest indicators. 

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