Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
IRGC: In last night’s operation, we gave the Israeli entity a historic lesson it will never forget.
IRGC: The Israeli entity helplessly pleaded with its American partners for a ceasefire.
IRGC: In response to this blatant crime, IRGC, in 22nd wave of Operation True Promise 3, destroyed Israeli military centers by launching 14 missiles across various parts of the Israeli entity.
IRGC: Desperate, helpless, and frustrated Israeli entity, disheartened by heroic defense of the Iranian people, carried out a brutal attack that resulted in the martyrdom of several citizens.
IRGC: 22nd wave of Operation True Promise 3 was historic, meaningful lesson for Israeli enemy.
US President Donald Trump says both "Israel" and Iran violated ceasefire: Not happy with "Israel", not happy with Iran either, but really unhappy with "Israel".
Khatam al-Anbia HQ: Armed forces had previously announced they would not leave any attack without response; the entity will pay a heavy price.
Iran's Khatam al-Anbia HQ: Israeli entity launched attacks on Iran until 9 a.m over three waves.
Russian Deputy Foreign Minister: No evidence presented that Iran was planning an attack on "Israel"
Iranian TV: Reports of a missile launch from Iran toward the Israeli entity after the ceasefire are unfounded

US inflation rate up to nearly 40-year high of 7%

  • By Al Mayadeen Net
  • Source: Agencies
  • 12 Jan 2022 18:02
  • 1 Shares
2 Min Read

By the end of 2022, the US inflation rate is likely to exceed 3%. 

  • x
  • Inflation in the US has affected basic commodities: food, energy, and housing.
    Inflation in the US has affected basic commodities: food, energy, and housing.

Inflation in the United States is hitting new highs and is likely to continue into 2022. Consumer prices rose 0.5% in December, causing the inflation rate to hit nearly 7%, which constitutes the highest rate in 40 years in the North American country. 

The gain in the consumer price has gone beyond the 0.4% prediction that economists posited in The Wall Street Journal. 

The US government said on Wednesday that a separate measure of consumer inflation that rules out volatile food and energy values rose 0.6% in December, pushing the previous year's increase to 5.5% from 4.9%, constituting the highest in 31 years.

The US current inflation situation can be attributed to increasing customer demands and labor, as well as supply shortages. By the end of 2022, inflation rates are likely to exceed 3%. 

Related News

Qatar confirms US request to mediate Iran-'Israel' ceasefire

Iran declares victory as ceasefire forces Israeli retreat

This is an alarming number. Why? Before the effects of the pandemic, inflation averaged 1.5% a year approximately. 

To deal with inflation, the central bank plans to raise short-term interest, while the Federal Reserve plans to remove stimulus for the economy, “The economy no longer needs or wants the very highly accommodative policies we’ve had in place to deal with the pandemic and the aftermath,” Fed Chairman Jerome Powell said on Tuesday.

US weekly jobless claims see a moderate rise

Last week, claims for unemployment benefits increased 7,000 to a seasonally adjusted 207,000 for the week which started on January 1, 2022. 

The number of US citizens who are filing claims for unemployment benefits rose last week unexpectedly as COVID-19 infections surpassed a million in the US, disrupting the economy and business activities. 

The increase is moderate, as projected by the US Labor Department on Thursday. There is a shortage of works in the workforce, and the number of infections of the Coronavirus - driven by Omicron - is expected to peak soon. 

"It is possible that the recent spread of COVID has put that earlier downward trend on hold," Daniel Silver, an economist at JPMorgan, said "That said, it is an encouraging sign for the labor market that claims have not meaningfully jumped in response so far."

  • US inflation
  • United States
  • inflation
  • US Federal Reserve

Most Read

Israeli workers survey the site where a missile launched from Iran struck in Haifa on Sunday, June 22, 2025. (AP)

True Promise 3, wave 20: 40 missiles launched, Kheibar-Shekan in first

  • Politics
  • 22 Jun 2025
Rescue team work at the site where a missile launched from Iran struck Tel Aviv, Israel, Monday, June 16, 2025 (AP)

Wave 12 of Operation True Promise 3 launched, Sejjil deployed: IRGC

  • Politics
  • 18 Jun 2025
Iran launches missile barrage to Tel Aviv, casualties reported

True Promise 3, wave 14: Tel Aviv targeted, casualties reported

  • Politics
  • 19 Jun 2025
Iran's heavy barrages impact multiple Israeli targets overnight

Iran's heavy barrages impact multiple Israeli targets overnight

  • Palestine
  • 18 Jun 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
President Donald Trump speaks with reporters upon arriving at Morristown Municipal Airport in Morristown, N.J., Friday, June 20, 2025. (AP Photo/Manuel Balce Ceneta)
Politics

Trump lashes out at media outlets for downplaying Iran strike impact

ap
Politics

Turkey denies role in US-Israeli strikes on Iran nuclear sites

Iran targets US air base in Qatar with 'destructive' missile strike
MENA

Iran retaliates, targets US air base in Qatar with missiles

Demonstrators hold up a banner during a protest by Palestine Action group in London, Monday, June 23, 2025. (AP Photo/Frank Augstein)
Politics

UK signals 'terror' ban on 'Palestine Action', sparking protests

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS