By Karen Stokes This year, many Americans have felt the burden of high gas and food prices. However the burden is even heavier on the Black community. According to the U.S. Bureau Of Labor Statistics, inflation reached 8.5% in March, the highest since 1981. Today, millions of Black Americans are making difficult decisions, sacrificing food, […]
Recent Inflation Report Data Higher than Expected
By Karen Stokes The U.S. Labor Department report on Friday, June 10 indicated that the Headline consumer-price index (CPI), increased 8.6% in May from a year ago, up from 8.3% the prior month, marking its fastest pace since December 1981. Core inflation excluding food and energy rose 6%. Both were higher than expected. On a […]
Biden Says Inflation is His Top Domestic Priority
By Karen Stokes “I want every American to know that I am taking inflation very seriously,” Biden said from the podium in the South Court Auditorium. “It is my top domestic priority.” The United States is in a stronger economic position than any other major advanced economy in the world. At the same time, inflation […]