US Inflation rate, raising risks for economy
In 2022, inflation is one of the expressions concerned in almost every economic forum. Especially for Wall Street investors, this index is critical because it is one of the vital indicators of the Fed’s macroeconomic policy in the coming time.
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What is inflation?
Besides, this term can also be understood outside of a country. Specifically, it is considered as a decrease in the value of one country’s currency relative to another country’s currency.
The highest inflation in 40 years
Inflation is at a 40-year high in the US. Federal Reserve System (commonly known as the FED) considers continuing to raise the introductory interest rate by 0.75%, said Todd Shryock (Medical Economics). According to data released by the US Department of Labor on June 10, May inflation unexpectedly accelerated to a 40-year high of 8.6%. The Consumer Price Index (CPI) also increased 8.6% a year earlier. In addition, inflation rose 1% a month earlier, beating all estimates. Core CPI, which includes food and energy ingredients, rose 0.6% month-on-month and 6% year-on-year, also higher than previously forecast.
What to do without shopping?
With the thriving situation, what is the solution for us in shopping, having another item without spending much money? Is there an app that can help us with this?
Because of those concerns, SwapNow is an application where people can exchange items with each other. Swapping without buying and selling items based on both parties needs. SwapNow is constantly updated to make it as easy to use as possible for everyone.
With the current high inflation rate, we hope SwapNow will help you find the item you want without spending a penny shopping.
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