Tag
US INFLATION
https://www.youtube.com/watch?v=pTLHrf0g5HY
The Nigerian Naira has experienced a decline against the US Dollar on the parallel market due to a surge in demand within the informal sector.
The United States' inflation rate dropped to 8.5% for the month of July, a little figure lower than the 9.1% it hit in the month of June.
A major global economic Tsunami is building
US inflation dipped marginally to 8.3% in April, but stayed close to March’s 40-year high of 8.5%, underscoring the urgency of the Fed’s push to stamp out inflation.
US consumer price growth surpassed 8 per cent in March, rising at its fastest pace since 1981.